Toronto Dominion Bank Has $932.65 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Toronto Dominion Bank raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 6.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,005,385 shares of the e-commerce giant’s stock after buying an additional 287,264 shares during the period. Amazon.com accounts for about 1.6% of Toronto Dominion Bank’s investment portfolio, making the stock its 11th biggest position. Toronto Dominion Bank’s holdings in Amazon.com were worth $932,653,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Brown Financial Advisors raised its stake in shares of Amazon.com by 1.0% in the third quarter. Brown Financial Advisors now owns 24,922 shares of the e-commerce giant’s stock worth $4,644,000 after acquiring an additional 241 shares during the last quarter. Coldstream Capital Management Inc. raised its stake in shares of Amazon.com by 9.1% in the third quarter. Coldstream Capital Management Inc. now owns 361,907 shares of the e-commerce giant’s stock worth $68,265,000 after acquiring an additional 30,144 shares during the last quarter. Orion Capital Management LLC raised its stake in shares of Amazon.com by 2.4% in the third quarter. Orion Capital Management LLC now owns 31,509 shares of the e-commerce giant’s stock worth $5,871,000 after acquiring an additional 744 shares during the last quarter. GG Group Ventures LLC raised its stake in shares of Amazon.com by 9.7% in the third quarter. GG Group Ventures LLC now owns 4,399 shares of the e-commerce giant’s stock worth $820,000 after acquiring an additional 390 shares during the last quarter. Finally, First Dallas Securities Inc. raised its stake in shares of Amazon.com by 12.5% in the third quarter. First Dallas Securities Inc. now owns 28,238 shares of the e-commerce giant’s stock worth $5,262,000 after acquiring an additional 3,140 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on AMZN shares. Truist Financial boosted their price target on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Morgan Stanley boosted their price target on shares of Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research note on Monday. Wedbush boosted their price objective on shares of Amazon.com from $250.00 to $260.00 and gave the company an “outperform” rating in a report on Monday, January 6th. Loop Capital boosted their price objective on shares of Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Telsey Advisory Group boosted 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. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $245.65.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the sale, the insider now directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Matthew S. Garman sold 15,260 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the transaction, the chief executive officer now owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 2.6 %

Shares of Amazon.com stock opened at $223.35 on Thursday. The firm’s 50-day moving average price is $217.02 and its two-hundred day moving average price is $195.74. Amazon.com, Inc. has a 12-month low of $149.91 and a 12-month high of $233.00. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.35 trillion, a price-to-earnings ratio of 47.83, a PEG ratio of 1.54 and a beta of 1.14.

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