1 week Ago By Defense World Staff
Meiji Yasuda Asset Management Co Ltd. boosted its stake in Amazon.com, Inc.
(NASDAQ:AMZN) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 329,362 shares of the e-commerce giant’s stock after purchasing an additional 11,905 shares during the period.
Amazon.com comprises about 2.7% of Meiji Yasuda Asset Management Co Ltd.
’s holdings, making the stock its 4th largest holding. Meiji Yasuda Asset Management Co Ltd.’s holdings in Amazon.
com were worth $72,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other hedge funds have also recently added to or reduced their stakes in AMZN. Swedbank AB grew its position in shares of Amazon.
com by 1.4% in the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock valued at $2,484,864,000 after buying an additional 183,610 shares during the last quarter.
Sassicaia Capital Advisers LLC acquired a new position in shares of Amazon.com in the third quarter worth approximately $279,000. Howard Capital Management Group LLC increased its position in Amazon.
com by 0.3% during the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant’s stock valued at $66,434,000 after purchasing an additional 897 shares during the period.
Pettinga Financial Advisors LLC raised its holdings in Amazon.com by 4.3% during the 3rd quarter.
Pettinga Financial Advisors LLC now owns 5,512 shares of the e-commerce giant’s stock worth $1,027,000 after purchasing an additional 225 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Amazon.
com by 5.1% in the 3rd quarter. Principal Financial Group Inc.
now owns 20,166,314 shares of the e-commerce giant’s stock worth $3,757,589,000 after purchasing an additional 984,570 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.
Insider Activity at Amazon.comIn other news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, April 1st.
The shares were sold at an average price of $187.99, for a total transaction of $469,975.00.
Following the completion of the sale, the chief executive officer now owns 509,474 shares of the company’s stock, valued at $95,776,017.26. This represents a 0.
49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian T.
Olsavsky sold 14,620 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $223.14, for a total value of $3,262,306.
80. Following the transaction, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $10,933,860. This trade represents a 22.
98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock worth $23,341,803 over the last 90 days.
Insiders own 10.80% of the company’s stock. Analyst Ratings ChangesSeveral equities research analysts have recently weighed in on the stock.
Needham & Company LLC reiterated a “buy” rating and set a $250.00 price objective on shares of Amazon.com in a research report on Friday, February 7th.
Loop Capital lifted their price objective on Amazon.com from $275.00 to $285.
00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Westpark Capital began coverage on Amazon.com in a research report on Tuesday, April 1st.
They set a “buy” rating and a $280.00 target price on the stock. Citigroup decreased their target price on Amazon.
com from $273.00 to $225.00 and set a “buy” rating for the company in a research note on Monday, April 14th.
Finally, Royal Bank of Canada boosted their price target on Amazon.com from $255.00 to $265.
00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $247.
56.Read Our Latest Stock Report on AMZNAmazon.com Price PerformanceShares of NASDAQ:AMZN opened at $188.
99 on Friday. The firm has a market capitalization of $2.00 trillion, a PE ratio of 34.
18, a PEG ratio of 1.50 and a beta of 1.39.
Amazon.com, Inc. has a 1-year low of $151.
61 and a 1-year high of $242.52. The business’s 50 day moving average is $193.
52 and its 200-day moving average is $207.75. The company has a current ratio of 1.
06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.
86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34.
Amazon.com had a net margin of 9.29% and a return on equity of 24.
25%. Sell-side analysts predict that Amazon.com, Inc.
will post 6.31 earnings per share for the current year. 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 ArticlesFive stocks we like better than Amazon.comThe 3 Best Blue-Chip Stocks to Buy NowShort Sellers Gave Up on These 3 Names RecentlyHow to Use the MarketBeat Stock Screener 3 Boring Stocks Outperforming the Market This YearHow to Invest in Insurance Companies: A Guide If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To BuyWant 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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