Vancity Investment Management Ltd Purchases 1,667 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Vancity Investment Management Ltd lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 159,508 shares of the e-commerce giant’s stock after purchasing an additional 1,667 shares during the quarter. Amazon.com accounts for approximately 2.0% of Vancity Investment Management Ltd’s holdings, making the stock its 19th biggest holding. Vancity Investment Management Ltd’s holdings in Amazon.com were worth $13,399,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. McElhenny Sheffield Capital Management LLC acquired a new position in Amazon.com during the 4th quarter worth about $27,000. Retirement Financial Solutions LLC acquired a new position in Amazon.com during the 4th quarter worth about $32,000. Laurel Wealth Planning LLC lifted its position in Amazon.com by 1,900.0% during the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 304 shares in the last quarter. Swaine & Leidel Wealth Services LLC acquired a new position in Amazon.com during the 1st quarter worth about $38,000. Finally, Cowa LLC acquired a new position in Amazon.com during the 3rd quarter worth about $40,000. Institutional investors own 57.64% of the company’s stock.

Insider Activity

In other news, CEO Andrew R. Jassy sold 21,925 shares of the stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $115.37, for a total value of $2,529,487.25. Following the completion of the sale, the chief executive officer now owns 1,997,681 shares of the company’s stock, valued at approximately $230,472,456.97. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Andrew R. Jassy sold 21,925 shares of the stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $115.37, for a total value of $2,529,487.25. Following the completion of the sale, the chief executive officer now owns 1,997,681 shares of the company’s stock, valued at approximately $230,472,456.97. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total value of $375,200.00. Following the completion of the sale, the chief executive officer now directly owns 560,298 shares of the company’s stock, valued at approximately $52,555,952.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 75,144 shares of company stock valued at $8,405,887. 12.70% of the stock is owned by insiders.

Analysts Set New Price Targets

AMZN has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Amazon.com from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, April 18th. StockNews.com started coverage on shares of Amazon.com in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Cowen upped their target price on shares of Amazon.com from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, February 3rd. UBS Group upped their target price on shares of Amazon.com from $125.00 to $130.00 in a research report on Friday, April 28th. Finally, Needham & Company LLC restated a “buy” rating and set a $120.00 target price on shares of Amazon.com in a research report on Wednesday, April 12th. Three analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $143.12.

Amazon.com Price Performance

Shares of AMZN opened at $116.75 on Thursday. The stock has a market capitalization of $1.20 trillion, a P/E ratio of 277.98, a P/E/G ratio of 4.00 and a beta of 1.26. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $146.57. The company has a 50 day moving average of $104.89 and a 200-day moving average of $97.55. The company has a quick ratio of 0.69, a current ratio of 0.92 and a debt-to-equity ratio of 0.43.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 EPS for the quarter, beating the consensus estimate of $0.22 by $0.09. The company had revenue of $127.36 billion during the quarter, compared to the consensus estimate of $124.57 billion. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 EPS. As a group, equities research analysts forecast that Amazon.com, Inc. will post 1.57 EPS for the current fiscal year.

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 segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.