Bank of Montreal Can grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 9.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 558,105 shares of the e-commerce giant’s stock after purchasing an additional 48,847 shares during the quarter. Bank of Montreal Can owned approximately 0.12% of Amazon.com worth $652,687,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Davis R M Inc. raised its holdings in shares of Amazon.com by 6.5% in the 4th quarter. Davis R M Inc. now owns 2,397 shares of the e-commerce giant’s stock valued at $2,803,000 after purchasing an additional 147 shares in the last quarter. CWM LLC raised its holdings in shares of Amazon.com by 10.1% in the 4th quarter. CWM LLC now owns 1,447 shares of the e-commerce giant’s stock valued at $1,692,000 after purchasing an additional 133 shares in the last quarter. Whalerock Point Partners LLC raised its holdings in shares of Amazon.com by 85.5% in the 4th quarter. Whalerock Point Partners LLC now owns 1,215 shares of the e-commerce giant’s stock valued at $1,421,000 after purchasing an additional 560 shares in the last quarter. Strategic Advisors LLC raised its holdings in shares of Amazon.com by 9.8% in the 4th quarter. Strategic Advisors LLC now owns 5,012 shares of the e-commerce giant’s stock valued at $5,861,000 after purchasing an additional 448 shares in the last quarter. Finally, Liberty Capital Management Inc. raised its holdings in shares of Amazon.com by 8.9% in the 4th quarter. Liberty Capital Management Inc. now owns 3,973 shares of the e-commerce giant’s stock valued at $5,186,000 after purchasing an additional 324 shares in the last quarter. Institutional investors and hedge funds own 60.19% of the company’s stock.
AMZN stock opened at $1,495.56 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.89. The stock has a market cap of $765,789.81, a PE ratio of 243.18, a price-to-earnings-growth ratio of 6.96 and a beta of 1.54. Amazon.com, Inc. has a 52-week low of $833.50 and a 52-week high of $1,617.54.
Several equities research analysts recently commented on the stock. Jefferies Group reiterated a “buy” rating and set a $1,850.00 price target on shares of Amazon.com in a research note on Tuesday, March 13th. Wells Fargo reiterated an “outperform” rating and set a $1,755.00 price target (up from $1,700.00) on shares of Amazon.com in a research note on Thursday, March 15th. Vetr upgraded shares of Amazon.com from a “hold” rating to a “buy” rating and set a $1,655.33 price target on the stock in a research note on Thursday, March 15th. Deutsche Bank reiterated a “buy” rating on shares of Amazon.com in a research note on Monday, March 12th. Finally, UBS lifted their price target on shares of Amazon.com to $1,760.00 and gave the stock a “buy” rating in a research note on Friday, March 9th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating, forty-eight have issued a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $1,477.78.
In other news, CEO Jeffrey A. Wilke sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $1,577.85, for a total value of $788,925.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $15,778,500. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $1,454.37, for a total transaction of $2,908,740.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,214 shares of company stock valued at $9,251,120. 17.70% of the stock is currently owned by company insiders.
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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