Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by TD Asset Management Inc.

TD Asset Management Inc. lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,546,690 shares of the e-commerce giant's stock after purchasing an additional 204,231 shares during the quarter. Amazon.com comprises approximately 1.7% of TD Asset Management Inc.'s portfolio, making the stock its 8th biggest position. TD Asset Management Inc. owned about 0.08% of Amazon.com worth $1,875,058,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of AMZN. GQG Partners LLC lifted its position in Amazon.com by 5.2% in the fourth quarter. GQG Partners LLC now owns 7,922,215 shares of the e-commerce giant's stock valued at $1,738,055,000 after purchasing an additional 392,161 shares during the period. EFG Asset Management North America Corp. boosted its stake in shares of Amazon.com by 17.1% in the fourth quarter. EFG Asset Management North America Corp. now owns 93,662 shares of the e-commerce giant's stock valued at $20,546,000 after buying an additional 13,677 shares in the last quarter. Prospect Financial Group LLC acquired a new position in Amazon.com during the fourth quarter worth $614,000. Modern Wealth Management LLC raised its position in Amazon.com by 97.1% in the fourth quarter. Modern Wealth Management LLC now owns 71,493 shares of the e-commerce giant's stock worth $16,668,000 after acquiring an additional 35,213 shares in the last quarter. Finally, EntryPoint Capital LLC lifted its holdings in Amazon.com by 37.4% in the fourth quarter. EntryPoint Capital LLC now owns 2,144 shares of the e-commerce giant's stock valued at $470,000 after acquiring an additional 584 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on AMZN shares. Wells Fargo & Company dropped their target price on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a report on Tuesday, February 25th. Needham & Company LLC reaffirmed a "buy" rating and set a $250.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Raymond James reissued an "outperform" rating and issued a $195.00 target price (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Morgan Stanley cut their price target on Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Two investment analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company's stock. According to MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and an average target price of $247.56.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the transaction, the chief executive officer now directly owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. The trade was a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares of the company's stock, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,798 shares of company stock worth $23,341,803. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Up 1.3 %

NASDAQ AMZN traded up $2.45 during trading hours on Friday, reaching $188.99. 36,349,105 shares of the company traded hands, compared to its average volume of 41,913,658. 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 current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a 50 day moving average of $193.52 and a two-hundred day moving average of $207.75.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS 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%. As a group, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Amazon.com Company 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.