CI Investments Inc. cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 77,335 shares of the e-commerce giant’s stock after selling 100 shares during the period. Amazon.com accounts for 1.3% of CI Investments Inc.’s holdings, making the stock its 20th biggest position. CI Investments Inc.’s holdings in Amazon.com were worth $111,930,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. BlackRock Inc. raised its position in Amazon.com by 0.4% during the fourth quarter. BlackRock Inc. now owns 24,535,840 shares of the e-commerce giant’s stock worth $28,693,927,000 after acquiring an additional 88,437 shares during the period. UBS Asset Management Americas Inc. raised its position in Amazon.com by 5.5% during the fourth quarter. UBS Asset Management Americas Inc. now owns 1,858,265 shares of the e-commerce giant’s stock worth $2,173,185,000 after acquiring an additional 97,656 shares during the period. Fisher Asset Management LLC raised its position in Amazon.com by 3.3% during the first quarter. Fisher Asset Management LLC now owns 1,853,073 shares of the e-commerce giant’s stock worth $2,682,027,000 after acquiring an additional 59,516 shares during the period. The Manufacturers Life Insurance Company raised its position in Amazon.com by 7.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,518,838 shares of the e-commerce giant’s stock worth $1,776,236,000 after acquiring an additional 105,161 shares during the period. Finally, Swiss National Bank raised its position in Amazon.com by 0.6% during the fourth quarter. Swiss National Bank now owns 1,506,441 shares of the e-commerce giant’s stock worth $1,761,738,000 after acquiring an additional 8,600 shares during the period. 57.13% of the stock is currently owned by hedge funds and other institutional investors.

Shares of AMZN opened at $1,882.22 on Monday. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. Amazon.com, Inc. has a 12-month low of $931.75 and a 12-month high of $1,925.00. The stock has a market capitalization of $920.03 billion, a P/E ratio of 413.67, a PEG ratio of 4.12 and a beta of 1.60.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.49 by $2.58. The firm had revenue of $52.89 billion during the quarter, compared to analyst estimates of $53.37 billion. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. Amazon.com’s quarterly revenue was up 39.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 earnings per share. equities research analysts anticipate that Amazon.com, Inc. will post 17.27 EPS for the current year.

A number of equities research analysts have recently commented on the stock. BidaskClub upgraded shares of Amazon.com from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 31st. Jefferies Financial Group reiterated a “buy” rating and issued a $2,185.00 target price on shares of Amazon.com in a research report on Friday. Oppenheimer reiterated a “buy” rating on shares of Amazon.com in a research report on Friday. Royal Bank of Canada reiterated a “buy” rating on shares of Amazon.com in a research report on Monday, July 30th. Finally, Zacks Investment Research upgraded shares of Amazon.com from a “hold” rating to a “buy” rating and set a $2,018.00 target price for the company in a research report on Tuesday, July 24th. Two equities research analysts have rated the stock with a hold rating, fifty have issued a buy rating and one has given a strong buy rating to the company’s stock. Amazon.com currently has an average rating of “Buy” and an average target price of $1,933.51.

In other Amazon.com news, Director Thomas O. Ryder sold 5,000 shares of the stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $1,783.81, for a total transaction of $8,919,050.00. Following the completion of the transaction, the director now owns 10,752 shares of the company’s stock, valued at $19,179,525.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 1,726 shares of the stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $1,900.00, for a total transaction of $3,279,400.00. Following the transaction, the chief executive officer now directly owns 88,801 shares of the company’s stock, valued at approximately $168,721,900. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,555 shares of company stock valued at $28,826,140. 16.30% of the stock is currently owned by insiders.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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

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