Amazon.com, Inc. $AMZN Position Increased by Cim Investment Management Inc.

Cim Investment Management Inc. boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 99.7% during the 2nd quarter, Holdings Channel reports. The fund owned 53,097 shares of the e-commerce giant’s stock after acquiring an additional 26,508 shares during the quarter. Amazon.com makes up 2.2% of Cim Investment Management Inc.’s portfolio, making the stock its 8th biggest holding. Cim Investment Management Inc.’s holdings in Amazon.com were worth $11,649,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wilson Asset Management International PTY Ltd. purchased a new stake in shares of Amazon.com during the 2nd quarter worth approximately $11,102,000. ARK Investment Management LLC lifted its position in Amazon.com by 8.3% in the second quarter. ARK Investment Management LLC now owns 1,140,494 shares of the e-commerce giant’s stock valued at $250,213,000 after acquiring an additional 86,978 shares during the last quarter. Buckhead Capital Management LLC lifted its position in Amazon.com by 16.1% in the second quarter. Buckhead Capital Management LLC now owns 28,407 shares of the e-commerce giant’s stock valued at $6,232,000 after acquiring an additional 3,948 shares during the last quarter. Flaharty Asset Management LLC boosted its stake in Amazon.com by 87.7% in the first quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock valued at $968,000 after acquiring an additional 2,377 shares in the last quarter. Finally, Border to Coast Pensions Partnership Ltd grew its holdings in shares of Amazon.com by 6.0% during the second quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock worth $249,295,000 after purchasing an additional 63,924 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. DZ Bank reissued a “buy” rating on shares of Amazon.com in a research report on Friday, October 31st. Jefferies Financial Group reiterated a “buy” rating on shares of Amazon.com in a research note on Monday, December 8th. Sanford C. Bernstein set a $300.00 price objective on Amazon.com and gave the company an “outperform” rating in a report on Friday, October 31st. Cantor Fitzgerald reiterated an “overweight” rating on shares of Amazon.com in a research report on Wednesday, December 3rd. Finally, Mizuho cut shares of Amazon.com from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $295.43.

Insider Transactions at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $226.61, for a total value of $280,316.57. Following the completion of the sale, the director owned 26,148 shares of the company’s stock, valued at approximately $5,925,398.28. This trade represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew S. Garman sold 17,768 shares of the company’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $216.90, for a total transaction of $3,853,879.20. Following the transaction, the chief executive officer directly owned 6,273 shares in the company, valued at approximately $1,360,613.70. This trade represents a 73.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 82,234 shares of company stock valued at $19,076,767. 10.80% of the stock is owned by company insiders.

Amazon.com Trading Down 1.8%

Shares of Amazon.com stock opened at $226.19 on Monday. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $258.60. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14. The company’s 50-day simple moving average is $229.35 and its 200-day simple moving average is $225.01. The firm has a market cap of $2.42 trillion, a price-to-earnings ratio of 31.95, a price-to-earnings-growth ratio of 1.56 and a beta of 1.37.

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

About Amazon.com

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.