Mirae Asset Global Investments Co. Ltd. Has $1.03 Billion Stake in Amazon.com, Inc. $AMZN

Mirae Asset Global Investments Co. Ltd. lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,704,475 shares of the e-commerce giant’s stock after acquiring an additional 141,955 shares during the period. Amazon.com makes up approximately 3.2% of Mirae Asset Global Investments Co. Ltd.’s investment portfolio, making the stock its 5th largest position. Mirae Asset Global Investments Co. Ltd.’s holdings in Amazon.com were worth $1,032,962,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fairway Wealth LLC raised its holdings in Amazon.com by 113.2% in the 3rd quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 60 shares in the last quarter. Sellwood Investment Partners LLC acquired a new stake in shares of Amazon.com during the 3rd quarter worth $27,000. Cooksen Wealth LLC increased its position in shares of Amazon.com by 23.5% in the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock worth $54,000 after purchasing an additional 47 shares during the period. PayPay Securities Corp increased its position in shares of Amazon.com by 62.3% in the third quarter. PayPay Securities Corp now owns 250 shares of the e-commerce giant’s stock worth $55,000 after purchasing an additional 96 shares during the period. Finally, Access Investment Management LLC acquired a new position in Amazon.com in the second quarter valued at about $74,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Thursday, November 20th. The stock was 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 in the company, valued at $5,925,398.28. This represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 1,000 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $208.00, for a total value of $208,000.00. Following the transaction, the chief executive officer directly owned 504,934 shares of the company’s stock, valued at approximately $105,026,272. This represents a 0.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 42,377 shares of company stock valued at $9,236,277. 10.80% of the stock is owned by insiders.

Amazon.com Price Performance

Amazon.com stock opened at $201.15 on Wednesday. The stock has a 50-day moving average price of $229.59 and a two-hundred day moving average price of $228.48. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $258.60. The company has a market capitalization of $2.16 trillion, a PE ratio of 28.05, a P/E/G ratio of 1.27 and a beta of 1.37. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings data on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by ($0.02). The firm had revenue of $213.39 billion during the quarter, compared to analyst estimates of $211.02 billion. Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.86 EPS. Analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Amazon.com from $278.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Jefferies Financial Group reaffirmed a “buy” rating on shares of Amazon.com in a report on Monday, February 2nd. CICC Research lifted their price objective on shares of Amazon.com from $240.00 to $280.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. DZ Bank upgraded shares of Amazon.com to a “strong-buy” rating in a research report on Friday, February 6th. Finally, DA Davidson restated a “neutral” rating and set a $175.00 target price (down from $300.00) on shares of Amazon.com in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, fifty-three have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $287.30.

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About Amazon.com

(Free Report)

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.

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

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