Canada Pension Plan Investment Board Has $198.55 Million Stake in Amazon.com, Inc. (AMZN)
Canada Pension Plan Investment Board decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 25.7% during the third quarter, Holdings Channel reports. The institutional investor owned 206,530 shares of the e-commerce giant’s stock after selling 71,300 shares during the period. Canada Pension Plan Investment Board’s holdings in Amazon.com were worth $198,548,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vestor Capital LLC boosted its holdings in shares of Amazon.com by 10.1% in the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after purchasing an additional 10 shares during the period. Clear Investment Research LLC boosted its holdings in shares of Amazon.com by 73,100.0% in the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock valued at $107,000 after purchasing an additional 731 shares during the period. LeJeune Puetz Investment Counsel LLC purchased a new stake in shares of Amazon.com in the second quarter valued at approximately $116,000. Mountain Capital Investment Advisors Inc purchased a new stake in shares of Amazon.com in the second quarter valued at approximately $121,000. Finally, Archford Capital Strategies LLC lifted its holdings in Amazon.com by 17,242.2% during the second quarter. Archford Capital Strategies LLC now owns 30,002 shares of the e-commerce giant’s stock worth $127,000 after buying an additional 29,829 shares during the period. 59.77% of the stock is currently owned by hedge funds and other institutional investors.
AMZN has been the subject of a number of analyst reports. Canaccord Genuity restated a “buy” rating and set a $1,200.00 target price on shares of Amazon.com in a report on Wednesday, October 11th. Wedbush set a $1,250.00 target price on Amazon.com and gave the stock a “buy” rating in a report on Monday, October 23rd. Royal Bank of Canada set a $1,100.00 target price on Amazon.com and gave the stock a “buy” rating in a report on Monday, September 11th. Morgan Stanley restated a “buy” rating and set a $1,150.00 target price on shares of Amazon.com in a report on Tuesday, October 10th. Finally, Atlantic Securities restated a “buy” rating on shares of Amazon.com in a report on Friday, October 27th. Four investment analysts have rated the stock with a hold rating and fifty-one have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $1,240.45.
Amazon.com, Inc. (AMZN) opened at $1,229.14 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.03 and a quick ratio of 0.74. Amazon.com, Inc. has a 12-month low of $778.48 and a 12-month high of $1,229.14. The stock has a market capitalization of $592,290.00, a price-to-earnings ratio of 310.39, a P/E/G ratio of 7.11 and a beta of 1.46.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.57). Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The firm had revenue of $43.74 billion during the quarter, compared to analyst estimates of $42.26 billion. During the same period in the previous year, the company earned $0.52 earnings per share. Amazon.com’s revenue was up 33.7% on a year-over-year basis. research analysts predict that Amazon.com, Inc. will post 4.24 earnings per share for the current year.
In related news, Director Tom A. Alberg sold 835 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $1,202.74, for a total value of $1,004,287.90. Following the transaction, the director now directly owns 17,114 shares of the company’s stock, valued at approximately $20,583,692.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 1,985 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $1,125.38, for a total value of $2,233,879.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 402,338 shares of company stock worth $444,391,701. 17.70% of the stock is owned by insiders.
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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