1 week Ago By ABMN Staff
Meiji Yasuda Asset Management Co Ltd. boosted its stake in Amazon.com, Inc.
( NASDAQ:AMZN ) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 329,362 shares of the e-commerce giant’s stock after purchasing an additional 11,905 shares during the period.
Amazon.com comprises approximately 2.7% of Meiji Yasuda Asset Management Co Ltd.
’s investment portfolio, making the stock its 4th biggest position. Meiji Yasuda Asset Management Co Ltd.’s holdings in Amazon.
com were worth $72,259,000 as of its most recent SEC filing. A number of other hedge funds also recently made changes to their positions in the stock. Baxter Bros Inc.
increased its stake in Amazon.com by 3.2% in the fourth quarter.
Baxter Bros Inc. now owns 31,002 shares of the e-commerce giant’s stock valued at $6,802,000 after purchasing an additional 971 shares in the last quarter. Keystone Investors PTE Ltd.
increased its position in Amazon.com by 183.0% in the 4th quarter.
Keystone Investors PTE Ltd. now owns 481,238 shares of the e-commerce giant’s stock valued at $105,579,000 after buying an additional 311,214 shares in the last quarter. Bay Capital Advisors LLC acquired a new position in Amazon.
com during the 4th quarter worth approximately $616,000. Potentia Wealth bought a new position in Amazon.com in the fourth quarter worth approximately $1,758,000.
Finally, PKS Advisory Services LLC acquired a new stake in Amazon.com in the fourth quarter valued at approximately $4,017,000. 72.
20% of the stock is currently owned by institutional investors. Amazon.com Stock Performance Amazon.
com stock opened at $188.99 on Friday. The company has a debt-to-equity ratio of 0.
18, a current ratio of 1.06 and a quick ratio of 0.87.
Amazon.com, Inc. has a 12 month low of $151.
61 and a 12 month high of $242.52. The company has a market cap of $2.
00 trillion, a price-to-earnings ratio of 34.18, a price-to-earnings-growth ratio of 1.50 and a beta of 1.
39. The stock’s 50-day moving average is $193.52 and its 200-day moving average is $207.
75. Insider Buying and Selling at Amazon.com In related news, CEO Douglas J.
Herrington sold 2,500 shares of Amazon.com stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.
99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.
26. The trade was a 0.49 % decrease in their ownership of the stock.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link . Also, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction dated Friday, February 21st.
The stock was sold at an average price of $222.47, for a total value of $1,965,077.51.
Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $26,647,456.60. This trade represents a 6.
87 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders have sold 104,798 shares of company stock valued at $23,341,803 over the last three months.
10.80% of the stock is owned by company insiders. Analysts Set New Price Targets A number of equities analysts have recently weighed in on the company.
Telsey Advisory Group lowered their target price on Amazon.com from $275.00 to $235.
00 and set an “outperform” rating on the stock in a research report on Wednesday. Wells Fargo & Company dropped their price objective on shares of Amazon.com from $207.
00 to $203.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 25th. Stifel Nicolaus reduced their price objective on shares of Amazon.
com from $275.00 to $248.00 and set a “buy” rating for the company in a report on Wednesday.
HSBC upped their target price on shares of Amazon.com from $225.00 to $270.
00 and gave the stock a “buy” rating in a report on Monday, January 13th. Finally, Barclays lifted their price target on Amazon.com from $235.
00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company.
According to MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $247.56.
Check Out Our Latest Analysis on AMZN About Amazon.com ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Amazon.com, Inc. ( NASDAQ:AMZN – Free Report ).
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