Amazon.com, Inc. $AMZN is Tokio Marine Asset Management Co. Ltd.’s 4th Largest Position

Tokio Marine Asset Management Co. Ltd. cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 507,335 shares of the e-commerce giant’s stock after selling 6,098 shares during the period. Amazon.com comprises approximately 4.0% of Tokio Marine Asset Management Co. Ltd.’s holdings, making the stock its 4th largest position. Tokio Marine Asset Management Co. Ltd.’s holdings in Amazon.com were worth $111,396,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barlow Wealth Partners Inc. boosted its position in Amazon.com by 0.4% during the second quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant’s stock valued at $2,763,000 after purchasing an additional 44 shares during the last quarter. Ridgecrest Wealth Partners LLC lifted its holdings in shares of Amazon.com by 0.5% during the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock valued at $1,843,000 after buying an additional 45 shares during the last quarter. Probity Advisors Inc. grew its stake in shares of Amazon.com by 0.4% in the 2nd quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant’s stock valued at $2,667,000 after buying an additional 45 shares in the last quarter. IMPACTfolio LLC grew its stake in shares of Amazon.com by 3.8% in the 3rd quarter. IMPACTfolio LLC now owns 1,225 shares of the e-commerce giant’s stock valued at $269,000 after buying an additional 45 shares in the last quarter. Finally, Union Savings Bank raised its position in Amazon.com by 0.4% during the second quarter. Union Savings Bank now owns 10,723 shares of the e-commerce giant’s stock valued at $2,510,000 after acquiring an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Cantor Fitzgerald set a $260.00 target price on shares of Amazon.com and gave the stock an “overweight” rating in a research report on Thursday, January 8th. Bank of America decreased their price objective on shares of Amazon.com from $303.00 to $286.00 and set a “buy” rating for the company in a report on Tuesday. Daiwa Capital Markets raised their target price on Amazon.com from $254.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. KeyCorp reaffirmed an “overweight” rating and set a $308.00 target price (up previously from $303.00) on shares of Amazon.com in a research report on Wednesday. Finally, Robert W. Baird set a $285.00 price target on Amazon.com and gave the company an “outperform” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, fifty-four have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $295.91.

Insider Activity at Amazon.com

In related news, Director Jonathan Rubinstein sold 8,173 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $250.03, for a total transaction of $2,043,495.19. Following the transaction, the director directly owned 80,030 shares in the company, valued at $20,009,900.90. The trade was a 9.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Matthew S. Garman sold 17,768 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $216.90, for a total value of $3,853,879.20. Following the completion of the transaction, the chief executive officer directly owned 6,273 shares of the company’s stock, valued at approximately $1,360,613.70. This trade represents a 73.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 79,734 shares of company stock worth $18,534,017. Insiders own 10.80% of the company’s stock.

Amazon.com News Summary

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Analyst upgrade — Oppenheimer raised its price target (to $315) and kept an outperform rating, supporting upside expectations for AMZN. Oppenheimer price target raise
• Positive Sentiment: Cost reduction & refocus — Amazon announced ~16,000 additional corporate job cuts (second round) intended to reduce bureaucracy and reallocate spend toward AI/data-center buildout; the market has cheered potential near-term margin relief. Reuters: Amazon cuts 16,000 jobs
• Neutral Sentiment: Grocery/retail pivot — Amazon is closing Amazon Fresh and Amazon Go stores and shifting focus to online grocery delivery and expanding Whole Foods conversions; this reduces ongoing retail losses but leaves execution and competitiveness vs. Walmart/Instacart in focus. Forbes: Amazon shifts grocery focus
• Neutral Sentiment: Legal settlement finalized — Amazon agreed to a roughly $309M consumer returns-settlement (already disclosed), a modest one-time cash hit relative to AMZN’s size. TechCrunch: $309M settlement
• Negative Sentiment: Execution and morale risk — a premature internal email leaked planned layoffs, highlighting communication missteps; repeated mass cuts (30k total since October) raise concerns about disruption, talent loss and uncertainty around AI execution. Reuters: misfired internal email
• Negative Sentiment: Product/experiment pullbacks — Amazon is winding down Amazon One (palm ID) and several physical-retail experiments, which signals failed initiatives and narrows future growth vectors in physical retail. Business Insider: Amazon One shutdown

Amazon.com Stock Down 0.7%

AMZN opened at $243.01 on Thursday. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $258.60. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $2.60 trillion, a price-to-earnings ratio of 34.32, a P/E/G ratio of 1.53 and a beta of 1.37. The business has a 50 day moving average of $232.64 and a 200-day moving average of $229.46.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, topping 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 business had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. During the same quarter in the previous year, the firm posted $1.43 earnings per share. Amazon.com’s revenue was up 13.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Amazon.com Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.