Healthcare of Ontario Pension Plan Trust Fund Has $157.71 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Healthcare of Ontario Pension Plan Trust Fund cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 19.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 846,382 shares of the e-commerce giant’s stock after selling 207,576 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Amazon.com were worth $157,706,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Chico Wealth RIA boosted its stake in shares of Amazon.com by 2.8% in the 2nd quarter. Chico Wealth RIA now owns 2,187 shares of the e-commerce giant’s stock valued at $423,000 after purchasing an additional 59 shares during the last quarter. Freedom Day Solutions LLC raised its holdings in shares of Amazon.com by 1.2% in the 2nd quarter. Freedom Day Solutions LLC now owns 26,678 shares of the e-commerce giant’s stock worth $5,155,000 after acquiring an additional 304 shares during the last quarter. BigSur Wealth Management LLC increased its holdings in Amazon.com by 14.9% during the 2nd quarter. BigSur Wealth Management LLC now owns 36,970 shares of the e-commerce giant’s stock worth $7,144,000 after purchasing an additional 4,800 shares in the last quarter. Hobbs Group Advisors LLC bought a new stake in Amazon.com during the second quarter worth $1,474,000. Finally, Focus Financial Network Inc. boosted its holdings in Amazon.com by 1.5% during the 2nd quarter. Focus Financial Network Inc. now owns 310,657 shares of the e-commerce giant’s stock worth $58,382,000 after acquiring an additional 4,458 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on AMZN. Redburn Atlantic boosted their price target on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Tigress Financial increased their price target on shares of Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Evercore ISI lifted their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Telsey Advisory Group upped their price objective on shares of Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Jefferies Financial Group raised their price objective on shares of Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $243.67.

Amazon.com Stock Up 1.5 %

Shares of NASDAQ:AMZN opened at $227.61 on Tuesday. The stock has a market capitalization of $2.39 trillion, a P/E ratio of 48.74, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. Amazon.com, Inc. has a 12-month low of $146.15 and a 12-month high of $233.00. The stock’s 50-day moving average price is $213.85 and its 200-day moving average price is $194.50. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period last year, the firm earned $0.85 earnings per share. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. On average, equities analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the transaction, the director now owns 99,396 shares in the company, valued at $19,864,290.60. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock worth $1,253,456,822 over the last 90 days. 10.80% of the stock is owned by company insiders.

Amazon.com 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.