Healthcare of Ontario Pension Plan Trust Fund Purchases 654,908 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Healthcare of Ontario Pension Plan Trust Fund grew its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 164.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,053,958 shares of the e-commerce giant's stock after purchasing an additional 654,908 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund's holdings in Amazon.com were worth $203,677,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AMZN. PayPay Securities Corp increased its position in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Christopher J. Hasenberg Inc raised its position in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock worth $58,000 after acquiring an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. purchased a new position in Amazon.com in the first quarter valued at about $69,000. Innealta Capital LLC bought a new position in shares of Amazon.com during the 2nd quarter valued at approximately $77,000. Finally, Abich Financial Wealth Management LLC increased its stake in shares of Amazon.com by 84.7% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant's stock worth $84,000 after purchasing an additional 199 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the business's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares of the company's stock, valued at approximately $21,989,299.44. The trade was a 0.00 % 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. In other news, SVP David Zapolsky sold 9,490 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.88, for a total value of $1,716,551.20. Following the transaction, the senior vice president now owns 64,610 shares in the company, valued at $11,686,656.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Shelley Reynolds sold 3,791 shares of the company's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares of the company's stock, valued at approximately $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,355 shares of company stock valued at $9,877,423 in the last 90 days. Corporate insiders own 10.80% of the company's stock.

Analyst Ratings Changes

AMZN has been the subject of several research reports. Pivotal Research began coverage on Amazon.com in a research note on Friday, October 11th. They set a "buy" rating and a $260.00 price target for the company. Wells Fargo & Company lowered shares of Amazon.com from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $225.00 to $183.00 in a research report on Monday, October 7th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $230.00 price objective on shares of Amazon.com in a research report on Monday, October 7th. Benchmark restated a "buy" rating and set a $200.00 target price on shares of Amazon.com in a research report on Friday, August 2nd. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $265.00 price target on shares of Amazon.com in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and an average target price of $236.76.

Amazon.com Stock Up 1.4 %

Shares of AMZN stock traded up $2.66 during mid-day trading on Wednesday, reaching $193.49. 22,124,396 shares of the company's stock traded hands, compared to its average volume of 40,817,098. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The company's 50-day moving average price is $183.94 and its 200-day moving average price is $183.57. The company has a market cap of $2.03 trillion, a P/E ratio of 46.24, a P/E/G ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $131.71 and a 12 month high of $201.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The business had revenue of $147.98 billion for the quarter, compared to analysts' expectations of $148.63 billion. On average, equities analysts expect that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal 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.