Nippon Life Global Investors Americas Inc. Has $117.74 Million Stock Position in Amazon.com, Inc. $AMZN

Nippon Life Global Investors Americas Inc. raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 536,250 shares of the e-commerce giant’s stock after acquiring an additional 5,600 shares during the period. Amazon.com comprises 5.0% of Nippon Life Global Investors Americas Inc.’s holdings, making the stock its 3rd biggest holding. Nippon Life Global Investors Americas Inc.’s holdings in Amazon.com were worth $117,744,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AMZN. One Wealth Management Investment & Advisory Services LLC boosted its position in Amazon.com by 1.3% during the 3rd quarter. One Wealth Management Investment & Advisory Services LLC now owns 31,565 shares of the e-commerce giant’s stock worth $6,931,000 after buying an additional 401 shares during the period. New Insight Wealth Advisors boosted its position in Amazon.com by 2.7% during the third quarter. New Insight Wealth Advisors now owns 33,192 shares of the e-commerce giant’s stock valued at $7,288,000 after acquiring an additional 860 shares during the last quarter. Stenger Family Office LLC boosted its position in shares of Amazon.com by 13.0% during the 3rd quarter. Stenger Family Office LLC now owns 61,437 shares of the e-commerce giant’s stock valued at $13,944,000 after purchasing an additional 7,060 shares in the last quarter. Ridgeline Wealth Planning LLC grew its position in shares of Amazon.com by 7.8% during the 3rd quarter. Ridgeline Wealth Planning LLC now owns 3,127 shares of the e-commerce giant’s stock worth $687,000 after buying an additional 227 shares during the period. Finally, Beacon Financial Advisory LLC increased its stake in Amazon.com by 3.0% in the third quarter. Beacon Financial Advisory LLC now owns 23,168 shares of the e-commerce giant’s stock valued at $5,087,000 after purchasing an additional 679 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $222.69 on Friday. The business’s 50 day simple moving average is $233.97 and its two-hundred day simple moving average is $229.91. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $258.60. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 0.80. The stock has a market capitalization of $2.38 trillion, a P/E ratio of 31.45, a price-to-earnings-growth ratio of 1.45 and a beta of 1.37.

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 for the quarter, missing the consensus estimate of $1.97 by ($0.02). Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The business had revenue of $213.39 billion during the quarter, compared to analysts’ expectations of $211.02 billion. During the same quarter last year, the business posted $1.86 EPS. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. Analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $226.61, for a total transaction of $280,316.57. Following the transaction, the director owned 26,148 shares in the company, valued at approximately $5,925,398.28. This represents a 4.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew S. Garman sold 17,768 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $216.90, for a total transaction of $3,853,879.20. Following the sale, the chief executive officer owned 6,273 shares of the company’s stock, valued at approximately $1,360,613.70. This represents a 73.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 47,061 shares of company stock worth $10,351,262 over the last three months. Corporate insiders own 9.70% of the company’s stock.

Amazon.com News Summary

Here are the key news stories impacting Amazon.com this week:

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMZN. Rosenblatt Securities reaffirmed a “buy” rating and issued a $305.00 price objective on shares of Amazon.com in a research note on Thursday, December 4th. New Street Research raised their target price on Amazon.com from $340.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Raymond James Financial lowered their price target on shares of Amazon.com from $275.00 to $260.00 and set an “outperform” rating on the stock in a report on Thursday, January 15th. The Goldman Sachs Group boosted their price objective on Amazon.com from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Finally, Truist Financial set a $290.00 target price on shares of Amazon.com in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, fifty-four have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $296.37.

Check Out Our Latest Analysis on Amazon.com

Amazon.com Profile

(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.

Further Reading

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

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