Addenda Capital Inc. Sells 7,285 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Addenda Capital Inc. reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 38,901 shares of the e-commerce giant’s stock after selling 7,285 shares during the period. Addenda Capital Inc.’s holdings in Amazon.com were worth $8,539,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Icon Wealth Advisors LLC increased its position in shares of Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after purchasing an additional 25,581 shares during the last quarter. Hoese & Co LLP bought a new stake in shares of Amazon.com in the 3rd quarter worth approximately $37,000. Bull Oak Capital LLC purchased a new stake in shares of Amazon.com in the 3rd quarter valued at $45,000. Values First Advisors Inc. bought a new stake in Amazon.com in the third quarter worth $56,000. Finally, Harbor Investment Advisory LLC boosted its position in Amazon.com by 1.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 301,946 shares of the e-commerce giant’s stock valued at $66,000 after buying an additional 3,055 shares during the period. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on AMZN shares. Roth Mkm lifted their target price on shares of Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. TD Cowen upped their price objective on shares of Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. The Goldman Sachs Group boosted their price target on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $270.00 price objective on shares of Amazon.com in a research report on Wednesday, January 22nd. Finally, Maxim Group upped their target price on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $252.56.

Insider Buying and Selling

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $206.75, for a total value of $619,497,843.50. Following the sale, the insider now owns 914,420,614 shares of the company’s stock, valued at approximately $189,056,461,944.50. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,022,574 shares of company stock worth $1,251,456,628. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Down 2.4 %

AMZN stock opened at $236.17 on Thursday. The stock has a market capitalization of $2.48 trillion, a P/E ratio of 50.57, a P/E/G ratio of 1.35 and a beta of 1.15. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The business has a fifty day moving average price of $225.24 and a 200-day moving average price of $199.78.

Amazon.com Company 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.