iA Global Asset Management Inc. Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

iA Global Asset Management Inc. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,437,073 shares of the e-commerce giant's stock after buying an additional 74,012 shares during the quarter. Amazon.com accounts for approximately 5.5% of iA Global Asset Management Inc.'s investment portfolio, making the stock its 4th largest position. iA Global Asset Management Inc.'s holdings in Amazon.com were worth $315,279,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in AMZN. Accordant Advisory Group Inc increased its holdings in Amazon.com by 400.0% in 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. Icon Wealth Advisors LLC lifted its holdings in 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 last quarter. Quattro Financial Advisors LLC lifted its holdings in Amazon.com by 23.8% during the 4th 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 purchased a new stake in Amazon.com during the 4th quarter worth about $51,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in Amazon.com during the 4th quarter worth about $54,000. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on AMZN shares. Piper Sandler reaffirmed an "overweight" rating and set a $265.00 price target (up from $225.00) on shares of Amazon.com in a report on Friday, February 7th. Phillip Securities downgraded shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, February 10th. Citigroup cut their target price on shares of Amazon.com from $273.00 to $225.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Citizens Jmp lowered their price target on Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Finally, Needham & Company LLC restated a "buy" rating and issued a $250.00 price target on shares of Amazon.com in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $247.56.

Amazon.com Stock Up 2.4 %

Shares of Amazon.com stock traded up $4.27 during trading hours on Thursday, reaching $184.87. The company's stock had a trading volume of 13,189,772 shares, compared to its average volume of 41,826,105. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a market capitalization of $1.96 trillion, a P/E ratio of 33.38, a P/E/G ratio of 1.50 and a beta of 1.39. The stock's fifty day simple moving average is $195.11 and its two-hundred day simple moving average is $207.66. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the sale, the chief executive officer now owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm'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 transaction, the chief executive officer now owns 509,474 shares of the company's stock, valued at $95,776,017.26. This represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,798 shares of company stock worth $23,341,803. 10.80% of the stock is owned by corporate insiders.

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.