Intact Investment Management Inc. Boosts Position in Amazon.com, Inc. (AMZN)
Intact Investment Management Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,200 shares of the e-commerce giant’s stock after buying an additional 150 shares during the quarter. Intact Investment Management Inc.’s holdings in Amazon.com were worth $1,804,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. Rossmore Private Capital boosted its position in Amazon.com by 2.1% during the fourth quarter. Rossmore Private Capital now owns 1,606 shares of the e-commerce giant’s stock valued at $2,412,000 after purchasing an additional 33 shares during the last quarter. SignalPoint Asset Management LLC boosted its position in Amazon.com by 15.6% during the fourth quarter. SignalPoint Asset Management LLC now owns 1,677 shares of the e-commerce giant’s stock valued at $2,518,000 after purchasing an additional 226 shares during the last quarter. Lavaca Capital LLC acquired a new position in Amazon.com during the fourth quarter valued at approximately $1,338,000. Bedrijfstakpensioenfonds Voor DE Media PNO boosted its position in Amazon.com by 12.5% during the fourth quarter. Bedrijfstakpensioenfonds Voor DE Media PNO now owns 27,000 shares of the e-commerce giant’s stock valued at $40,553,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Consolidated Investment Group LLC acquired a new position in Amazon.com during the fourth quarter valued at approximately $1,877,000. Institutional investors and hedge funds own 56.11% of the company’s stock.
In other news, SVP Jeffrey M. Blackburn sold 2,055 shares of the stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $1,616.34, for a total transaction of $3,321,578.70. Following the transaction, the senior vice president now owns 46,596 shares in the company, valued at $75,314,978.64. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Patricia Q. Stonesifer sold 1,375 shares of the firm’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $1,602.00, for a total value of $2,202,750.00. Following the transaction, the director now owns 7,861 shares in the company, valued at approximately $12,593,322. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,075 shares of company stock worth $11,802,708. 16.30% of the stock is owned by corporate insiders.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, January 31st. The e-commerce giant reported $6.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $5.55 by $0.49. The company had revenue of $72.38 billion for the quarter, compared to analyst estimates of $71.73 billion. Amazon.com had a return on equity of 27.02% and a net margin of 4.33%. During the same quarter last year, the company earned $2.16 earnings per share. Equities research analysts predict that Amazon.com, Inc. will post 26.66 earnings per share for the current year.
Several research analysts recently commented on the company. Zacks Investment Research cut Amazon.com from a “buy” rating to a “hold” rating in a research report on Monday, January 21st. Oppenheimer increased their price target on Amazon.com from $1,975.00 to $2,085.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. CIBC increased their price target on Amazon.com from $1,975.00 to $2,085.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. BidaskClub raised Amazon.com from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. Finally, Evercore ISI assumed coverage on Amazon.com in a research report on Wednesday, March 20th. They set an “outperform” rating and a $1,965.00 price target for the company. Four investment analysts have rated the stock with a hold rating and forty-six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $2,139.02.
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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 third-party sellers through physical stores and online stores.
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