TD Asset Management Inc. Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

TD Asset Management Inc. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,546,690 shares of the e-commerce giant’s stock after purchasing an additional 204,231 shares during the period. Amazon.com comprises about 1.7% of TD Asset Management Inc.’s investment portfolio, making the stock its 8th biggest position. TD Asset Management Inc.’s holdings in Amazon.com were worth $1,875,058,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Accordant Advisory Group Inc raised its holdings in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after purchasing an additional 100 shares during the last quarter. Icon Wealth Advisors LLC grew its position in shares of Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after buying an additional 25,581 shares during the period. Quattro Financial Advisors LLC raised its stake in shares of Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after buying an additional 45 shares during the last quarter. Compass Planning Associates Inc acquired a new position in Amazon.com in the fourth quarter valued at approximately $51,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in Amazon.com in the fourth quarter valued at approximately $54,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AMZN. Rosenblatt Securities increased their target price on Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Wolfe Research lifted their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Needham & Company LLC reiterated a “buy” rating and issued a $250.00 target price on shares of Amazon.com in a report on Friday, February 7th. Finally, Jefferies Financial Group lowered their price objective on shares of Amazon.com from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the stock. According to MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $247.56.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 5,501 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.44. Following the sale, the chief executive officer now directly owns 505,318 shares of the company’s stock, valued at approximately $115,434,843.92. The trade was a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP David Zapolsky sold 19,212 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the sale, the senior vice president now directly owns 49,950 shares in the company, valued at $10,864,125. This trade represents a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Up 1.3 %

NASDAQ AMZN opened at $188.99 on Friday. The business’s 50-day moving average is $193.52 and its 200 day moving average is $207.75. The stock has a market capitalization of $2.00 trillion, a PE ratio of 34.18, a PEG ratio of 1.50 and a beta of 1.39. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.