Amazon.com, Inc. $AMZN Stock Position Lifted by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,410,401 shares of the e-commerce giant’s stock after buying an additional 211,862 shares during the quarter. Amazon.com accounts for about 3.7% of Resona Asset Management Co. Ltd.’s holdings, making the stock its 4th biggest position. Resona Asset Management Co. Ltd.’s holdings in Amazon.com were worth $750,422,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of AMZN. Atlantic Union Bankshares Corp increased its stake in shares of Amazon.com by 264.7% in the second quarter. Atlantic Union Bankshares Corp now owns 398,156 shares of the e-commerce giant’s stock worth $87,351,000 after acquiring an additional 288,987 shares during the last quarter. Asahi Life Asset Management CO. LTD. boosted its position in Amazon.com by 3.5% during the second quarter. Asahi Life Asset Management CO. LTD. now owns 27,472 shares of the e-commerce giant’s stock valued at $6,027,000 after purchasing an additional 929 shares during the last quarter. O Dell Group LLC grew its stake in Amazon.com by 15.7% in the second quarter. O Dell Group LLC now owns 15,135 shares of the e-commerce giant’s stock valued at $3,321,000 after purchasing an additional 2,056 shares in the last quarter. ROI Financial Advisors LLC increased its position in Amazon.com by 1.0% in the 2nd quarter. ROI Financial Advisors LLC now owns 30,749 shares of the e-commerce giant’s stock worth $6,746,000 after purchasing an additional 319 shares during the last quarter. Finally, Convergence Financial LLC raised its stake in shares of Amazon.com by 11.8% during the 2nd quarter. Convergence Financial LLC now owns 32,695 shares of the e-commerce giant’s stock worth $7,173,000 after purchasing an additional 3,443 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

NASDAQ AMZN opened at $234.42 on Wednesday. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $258.60. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01. The stock has a market capitalization of $2.51 trillion, a PE ratio of 33.11, a P/E/G ratio of 1.61 and a beta of 1.37. The stock has a 50-day simple moving average of $227.92 and a 200 day simple moving average of $223.55.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The firm had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. During the same quarter last year, the firm posted $1.43 EPS. The company’s revenue was up 13.4% on a year-over-year basis. Research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on AMZN. Robert W. Baird set a $285.00 price target on Amazon.com and gave the company an “outperform” rating in a research note on Friday, October 31st. Wolfe Research boosted their target price on shares of Amazon.com from $265.00 to $270.00 in a research report on Tuesday, September 30th. Barclays restated an “overweight” rating and set a $300.00 price target (up previously from $275.00) on shares of Amazon.com in a report on Friday, October 31st. Telsey Advisory Group lifted their price objective on shares of Amazon.com from $265.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Finally, Pivotal Research increased their target price on shares of Amazon.com from $285.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $296.11.

Insiders Place Their Bets

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $226.61, for a total value of $280,316.57. Following the completion of the sale, the director directly owned 26,148 shares of the company’s stock, valued at $5,925,398.28. This represents a 4.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $216.94, for a total transaction of $4,311,031.68. Following the completion of the sale, the chief executive officer owned 2,208,310 shares in the company, valued at $479,070,771.40. This represents a 0.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 79,734 shares of company stock valued at $18,493,717 in the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

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.