Desjardins Global Asset Management Inc. Has $6.82 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Desjardins Global Asset Management Inc. decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% during the 3rd quarter, Holdings Channel reports. The firm owned 60,347 shares of the e-commerce giant’s stock after selling 964 shares during the quarter. Amazon.com comprises 0.9% of Desjardins Global Asset Management Inc.’s holdings, making the stock its 14th largest position. Desjardins Global Asset Management Inc.’s holdings in Amazon.com were worth $6,818,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. State Street Corp boosted its position in shares of Amazon.com by 1,869.1% during the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after purchasing an additional 310,134,486 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after acquiring an additional 295,880,050 shares in the last quarter. FMR LLC boosted its holdings in Amazon.com by 1,792.4% in the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after acquiring an additional 270,931,640 shares in the last quarter. Northern Trust Corp boosted its holdings in Amazon.com by 1,867.0% in the second quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock worth $10,089,669,000 after acquiring an additional 90,167,792 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in Amazon.com by 1,944.4% in the second quarter. Legal & General Group Plc now owns 59,977,393 shares of the e-commerce giant’s stock worth $6,370,223,000 after acquiring an additional 57,043,701 shares in the last quarter. Institutional investors own 57.64% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $97.25 on Friday. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $170.83. The business has a fifty day moving average price of $90.72 and a 200-day moving average price of $110.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68. The firm has a market capitalization of $992.11 billion, a P/E ratio of 89.26, a PEG ratio of 3.09 and a beta of 1.22.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). The business had revenue of $127.10 billion for the quarter, compared to the consensus estimate of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. Amazon.com’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 EPS. As a group, equities research analysts forecast that Amazon.com, Inc. will post 0.68 EPS for the current year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 15,787 shares of Amazon.com stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the completion of the sale, the chief executive officer now owns 522,251 shares of the company’s stock, valued at $53,844,078.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Amazon.com news, CEO Adam Selipsky sold 345 shares of Amazon.com stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total transaction of $35,190.00. Following the completion of the sale, the chief executive officer now owns 112,795 shares of the company’s stock, valued at $11,505,090. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 15,787 shares of Amazon.com stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total value of $1,627,639.70. Following the sale, the chief executive officer now directly owns 522,251 shares of the company’s stock, valued at approximately $53,844,078.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,428 shares of company stock valued at $5,077,578. Company insiders own 12.70% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the topic of several recent research reports. Citigroup cut their price target on Amazon.com from $185.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Moffett Nathanson initiated coverage on Amazon.com in a report on Tuesday, November 15th. They issued an “outperform” rating and a $118.00 price target on the stock. Barclays cut their price target on Amazon.com from $200.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. JMP Securities lowered their price objective on Amazon.com from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Finally, Robert W. Baird lowered their price objective on Amazon.com from $150.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and forty-two have given a buy rating to the stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $145.87.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as www.amazon.com and www.amazon.ca.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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