TD Waterhouse Canada Inc. Buys 52,890 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

TD Waterhouse Canada Inc. lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.2% during the fourth quarter, Holdings Channel reports. The firm owned 1,073,198 shares of the e-commerce giant’s stock after purchasing an additional 52,890 shares during the quarter. Amazon.com makes up approximately 1.9% of TD Waterhouse Canada Inc.’s portfolio, making the stock its 7th largest holding. TD Waterhouse Canada Inc.’s holdings in Amazon.com were worth $235,395,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com during the fourth quarter valued at $27,000. Accordant Advisory Group Inc grew its holdings in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after buying an additional 100 shares in the last quarter. LSV Asset Management purchased a new position in shares of Amazon.com during the fourth quarter valued at $35,000. Perritt Capital Management Inc grew its holdings in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 80 shares in the last quarter. Finally, Compass Planning Associates Inc purchased a new position in shares of Amazon.com during the fourth quarter valued at $51,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the transaction, the director now owns 5,465 shares of the company’s stock, valued at $1,151,366.20. This represents a 15.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the transaction, the chief executive officer now directly owns 509,474 shares of the company’s stock, valued at approximately $95,776,017.26. This trade represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 80,798 shares of company stock valued at $17,696,733 in the last quarter. Corporate insiders own 9.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on AMZN shares. JMP Securities reiterated a “market outperform” rating on shares of Amazon.com in a report on Tuesday, May 6th. Mizuho lowered their target price on Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Needham & Company LLC restated a “buy” rating and issued a $220.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Royal Bank of Canada lowered their target price on Amazon.com from $235.00 to $230.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Finally, Benchmark restated a “buy” rating and issued a $260.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $244.09.

Amazon.com Trading Down 2.4%

Amazon.com stock opened at $205.17 on Friday. The business has a 50 day moving average price of $189.15 and a two-hundred day moving average price of $208.40. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.18 trillion, a price-to-earnings ratio of 37.10, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 EPS. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

About Amazon.com

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.