CIBC World Markets Inc. Raises Holdings in Amazon.com, Inc. (AMZN)

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CIBC World Markets Inc. raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 72.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 113,668 shares of the e-commerce giant’s stock after purchasing an additional 47,637 shares during the period. Amazon.com accounts for about 0.7% of CIBC World Markets Inc.’s holdings, making the stock its 28th biggest position. CIBC World Markets Inc.’s holdings in Amazon.com were worth $164,516,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Lee Financial Co boosted its stake in shares of Amazon.com by 154.3% during the 1st quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock valued at $129,000 after buying an additional 54 shares during the period. Santori & Peters Inc. acquired a new stake in shares of Amazon.com in the 4th quarter valued at $121,000. Taylor Hoffman Wealth Management acquired a new stake in shares of Amazon.com in the 4th quarter valued at $108,000. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Amazon.com in the 1st quarter valued at $145,000. Finally, Braun Bostich & Associates Inc. acquired a new stake in shares of Amazon.com in the 1st quarter valued at $174,000. 57.38% of the stock is owned by institutional investors.

In other news, CEO Andrew R. Jassy sold 1,726 shares of the business’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $1,900.00, for a total transaction of $3,279,400.00. Following the transaction, the chief executive officer now owns 88,801 shares in the company, valued at approximately $168,721,900. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP David Zapolsky sold 1,927 shares of the business’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $1,899.96, for a total transaction of $3,661,222.92. Following the transaction, the senior vice president now owns 3,161 shares in the company, valued at approximately $6,005,773.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,308 shares of company stock worth $43,942,058. Insiders own 16.30% of the company’s stock.

Amazon.com stock opened at $1,952.07 on Friday. The firm has a market cap of $972.96 billion, a price-to-earnings ratio of 429.03, a PEG ratio of 4.26 and a beta of 1.60. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 0.78. Amazon.com, Inc. has a fifty-two week low of $931.75 and a fifty-two week high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.49 by $2.58. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. The firm had revenue of $52.89 billion during the quarter, compared to analyst estimates of $53.37 billion. During the same quarter in the previous year, the business earned $0.40 EPS. The business’s revenue was up 39.3% on a year-over-year basis. equities analysts forecast that Amazon.com, Inc. will post 17.69 earnings per share for the current fiscal year.

Several equities research analysts recently issued reports on AMZN shares. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Amazon.com in a research note on Tuesday, August 7th. ValuEngine lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Piper Jaffray Companies lifted their price objective on shares of Amazon.com from $1,850.00 to $2,075.00 and gave the company an “overweight” rating in a research note on Tuesday, July 17th. Wells Fargo & Co reaffirmed a “buy” rating and issued a $2,110.00 price objective on shares of Amazon.com in a research note on Monday, August 6th. Finally, Morgan Stanley set a $1,700.00 price objective on shares of Amazon.com and gave the company a “buy” rating in a research note on Saturday, June 9th. Two research analysts have rated the stock with a hold rating and fifty have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $1,963.87.

Amazon.com 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.

Further Reading: Leveraged Buyout (LBO)

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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