PCJ Investment Counsel Ltd. Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

PCJ Investment Counsel Ltd. bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 12,500 shares of the e-commerce giant's stock, valued at approximately $2,742,000.

Other large investors have also modified their holdings of the company. Swedbank AB raised its stake in shares of Amazon.com by 1.4% during the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant's stock worth $2,484,864,000 after acquiring an additional 183,610 shares in the last quarter. Sassicaia Capital Advisers LLC purchased a new position in Amazon.com in the third quarter worth $279,000. Howard Capital Management Group LLC increased its position in shares of Amazon.com by 0.3% during the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock worth $66,434,000 after purchasing an additional 897 shares in the last quarter. Meridian Management Co. lifted its holdings in shares of Amazon.com by 27.6% during the 3rd quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant's stock valued at $6,235,000 after purchasing an additional 7,246 shares during the last quarter. Finally, Pettinga Financial Advisors LLC boosted its position in shares of Amazon.com by 4.3% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 5,512 shares of the e-commerce giant's stock worth $1,027,000 after purchasing an additional 225 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded up $3.65 during midday trading on Friday, hitting $184.87. The company's stock had a trading volume of 50,532,441 shares, compared to its average volume of 41,592,001. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a market cap of $1.96 trillion, a P/E ratio of 33.43, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The business's 50 day simple moving average is $204.23 and its 200 day simple moving average is $208.42.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results 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 net margin of 9.29% and a return on equity of 24.25%. On average, analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of research analyst reports. Wolfe Research increased their price target on Amazon.com from $250.00 to $270.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Robert W. Baird lifted their target price on shares of Amazon.com from $220.00 to $260.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Wedbush restated an "outperform" rating and set a $280.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Loop Capital lifted their price objective on shares of Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Finally, Maxim Group boosted their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $258.19.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 5,848 shares of Amazon.com stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.72, for a total value of $1,290,770.56. Following the sale, the senior vice president now owns 69,162 shares in the company, valued at $15,265,436.64. The trade was a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares of the company's stock, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 104,798 shares of company stock valued at $23,341,803. Insiders own 10.80% of the company's stock.

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.