Amazon.com, Inc. $AMZN Position Cut by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,281,777 shares of the e-commerce giant’s stock after selling 300,411 shares during the period. Amazon.com makes up about 2.9% of BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings, making the stock its 6th largest holding. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Amazon.com were worth $500,599,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Carderock Capital Management Inc. purchased a new stake in Amazon.com during the second quarter worth about $27,000. Maryland Capital Advisors Inc. boosted its stake in shares of Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 95 shares during the period. Ryan Investment Management Inc. acquired a new position in shares of Amazon.com in the second quarter valued at approximately $48,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Amazon.com during the 1st quarter worth approximately $59,000. Finally, Access Investment Management LLC purchased a new stake in Amazon.com during the 2nd quarter worth approximately $74,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Down 1.8%

AMZN opened at $226.19 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $258.60. The company has a market cap of $2.42 trillion, a P/E ratio of 31.95, a PEG ratio of 1.58 and a beta of 1.37. The business’s 50-day simple moving average is $229.35 and its 200-day simple moving average is $224.73.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.38. The firm had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The firm’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.43 earnings per share. As a group, equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, Director Keith Brian Alexander sold 900 shares of Amazon.com stock in a transaction on Monday, November 17th. The shares were sold at an average price of $233.00, for a total transaction of $209,700.00. Following the sale, the director directly owned 7,170 shares in the company, valued at $1,670,610. This trade represents a 11.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $226.61, for a total transaction of $280,316.57. Following the completion of the transaction, the director owned 26,148 shares of the company’s stock, valued at $5,925,398.28. This represents a 4.52% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 82,234 shares of company stock worth $19,076,767. 9.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on AMZN shares. Rothschild Redb cut shares of Amazon.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. DA Davidson lifted their target price on Amazon.com from $265.00 to $300.00 and gave the company a “buy” rating in a report on Friday, October 31st. Citigroup reissued an “overweight” rating on shares of Amazon.com in a research note on Wednesday, November 26th. Oppenheimer restated an “outperform” rating and set a $305.00 price target (up previously from $290.00) on shares of Amazon.com in a report on Monday, December 1st. Finally, New Street Research lifted their price objective on Amazon.com from $270.00 to $340.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Two investment analysts have rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $295.43.

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.