Amazon.com, Inc. (NASDAQ:AMZN) is Mitsubishi UFJ Asset Management Co. Ltd.’s 4th Largest Position

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 6.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,660,138 shares of the e-commerce giant’s stock after buying an additional 567,194 shares during the period. Amazon.com accounts for about 2.5% of Mitsubishi UFJ Asset Management Co. Ltd.’s holdings, making the stock its 4th largest holding. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.09% of Amazon.com worth $1,434,241,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of AMZN. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 86 shares during the last quarter. Strid Group LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth about $43,000. Harbor Investment Advisory LLC increased its position in shares of Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 1,988 shares in the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in shares of Amazon.com during the third quarter worth about $49,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth about $57,000. 72.20% 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 research analyst reports. Maxim Group cut their target price on Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Mizuho boosted their price target on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Barclays boosted their price target on Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Rosenblatt Securities restated a “buy” rating and issued a $220.00 price target on shares of Amazon.com in a research report on Wednesday, May 1st. Finally, Stifel Nicolaus boosted their price target on Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $212.40.

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Amazon.com Trading Up 1.1 %

Shares of AMZN opened at $178.34 on Tuesday. The stock has a fifty day moving average of $182.31 and a two-hundred day moving average of $167.94. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The company has a market capitalization of $1.86 trillion, a PE ratio of 49.96, a price-to-earnings-growth ratio of 1.26 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $191.70.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. Amazon.com’s revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.31 EPS. As a group, analysts forecast that Amazon.com, Inc. will post 4.72 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the transaction, the chief executive officer now directly owns 132,600 shares in the company, valued at approximately $23,868,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the sale, the chief executive officer now directly owns 132,600 shares in the company, valued at approximately $23,868,000. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total value of $631,015.00. Following the sale, the chief executive officer now owns 509,358 shares of the company’s stock, valued at $91,832,153.82. The disclosure for this sale can be found here. In the last three months, insiders sold 62,338 shares of company stock worth $11,363,829. Insiders own 10.80% of the company’s stock.

Amazon.com Profile

(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.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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