Nissay Asset Management Corp Japan ADV Cuts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Nissay Asset Management Corp Japan ADV trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,460,434 shares of the e-commerce giant’s stock after selling 143,771 shares during the period. Amazon.com comprises 1.3% of Nissay Asset Management Corp Japan ADV’s investment portfolio, making the stock its 11th biggest holding. Nissay Asset Management Corp Japan ADV’s holdings in Amazon.com were worth $150,848,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Bridgefront Capital LLC acquired a new stake in shares of Amazon.com in the 1st quarter worth approximately $228,000. Krane Funds Advisors LLC grew its holdings in shares of Amazon.com by 239.1% in the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after acquiring an additional 55 shares during the period. Range Financial Group LLC acquired a new stake in shares of Amazon.com in the 1st quarter worth approximately $258,000. My Personal CFO LLC acquired a new stake in shares of Amazon.com in the 1st quarter worth approximately $261,000. Finally, Worth Asset Management LLC acquired a new stake in shares of Amazon.com in the 1st quarter worth approximately $191,000. 57.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of analyst reports. Benchmark increased their target price on Amazon.com from $130.00 to $170.00 and gave the company a “buy” rating in a report on Friday, August 4th. Loop Capital increased their target price on Amazon.com from $180.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, August 23rd. Susquehanna increased their target price on Amazon.com from $150.00 to $185.00 and gave the company a “positive” rating in a report on Friday, August 4th. Wells Fargo & Company increased their target price on Amazon.com from $159.00 to $165.00 and gave the company an “overweight” rating in a report on Friday, August 4th. Finally, TD Cowen increased their target price on Amazon.com from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Three research analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $160.87.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $125.07, for a total transaction of $62,535.00. Following the completion of the sale, the chief executive officer now directly owns 151,780 shares in the company, valued at $18,983,124.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $133.87, for a total value of $414,997.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $16,034,948.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $125.07, for a total value of $62,535.00. Following the completion of the transaction, the chief executive officer now owns 151,780 shares of the company’s stock, valued at $18,983,124.60. The disclosure for this sale can be found here. Insiders sold 1,365,829 shares of company stock worth $49,002,857 over the last ninety days. Corporate insiders own 12.30% of the company’s stock.

Amazon.com Stock Up 0.3 %

Shares of Amazon.com stock opened at $138.23 on Monday. The business has a 50-day moving average of $133.76 and a 200-day moving average of $117.70. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.70. The company has a market capitalization of $1.43 trillion, a PE ratio of 108.84, a P/E/G ratio of 1.83 and a beta of 1.24. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $143.63.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.29. The company had revenue of $134.38 billion during the quarter, compared to the consensus estimate of $131.54 billion. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. As a group, equities analysts forecast that Amazon.com, Inc. will post 2.23 EPS for the current fiscal year.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.