Amazon.com, Inc. (NASDAQ:AMZN) is SBI Securities Co. Ltd.’s 7th Largest Position

SBI Securities Co. Ltd. cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 427,847 shares of the e-commerce giant’s stock after selling 9,115 shares during the quarter. Amazon.com accounts for approximately 2.7% of SBI Securities Co. Ltd.’s investment portfolio, making the stock its 7th largest position. SBI Securities Co. Ltd.’s holdings in Amazon.com were worth $81,402,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northern Capital Management Inc. raised its stake in shares of Amazon.com by 0.6% during the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock worth $1,613,000 after purchasing an additional 45 shares in the last quarter. Balanced Wealth Group LLC raised its stake in shares of Amazon.com by 1.6% during the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant’s stock worth $705,000 after purchasing an additional 48 shares in the last quarter. ETF Store Inc. raised its stake in shares of Amazon.com by 2.1% during the 4th quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant’s stock worth $522,000 after purchasing an additional 48 shares in the last quarter. Talisman Wealth Advisors LLC raised its stake in shares of Amazon.com by 1.2% during the 4th quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant’s stock worth $1,020,000 after purchasing an additional 53 shares in the last quarter. Finally, SWAN Capital LLC raised its stake in shares of Amazon.com by 3.1% during the 4th quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant’s stock worth $396,000 after purchasing an additional 55 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the completion of the transaction, the chief executive officer owned 512,050 shares of the company’s stock, valued at approximately $111,114,850. The trade was a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the transaction, the insider directly owned 883,779,901 shares of the company’s stock, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,101,037 shares of company stock worth $5,674,726,368. 10.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AMZN. Telsey Advisory Group upped their price objective on Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. BMO Capital Markets lifted their target price on Amazon.com from $270.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Barclays lifted their target price on Amazon.com from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Benchmark reiterated a “buy” rating and set a $260.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Tigress Financial lifted their target price on Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. One research analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com has a consensus rating of “Buy” and a consensus price target of $262.45.

Amazon.com Trading Down 0.6%

Shares of NASDAQ AMZN opened at $221.30 on Tuesday. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The business has a fifty day moving average price of $219.94 and a 200 day moving average price of $208.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The stock has a market capitalization of $2.36 trillion, a P/E ratio of 33.73, a price-to-earnings-growth ratio of 1.50 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The company had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same quarter last year, the business posted $1.26 EPS. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. Equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.