Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2,065.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,736,476 shares of the e-commerce giant’s stock after purchasing an additional 5,471,554 shares during the quarter. Amazon.com accounts for about 2.7% of Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s investment portfolio, making the stock its 3rd largest holding. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Amazon.com were worth $609,271,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Sage Financial Management Group Inc. boosted its stake in Amazon.com by 6.5% in the 1st quarter. Sage Financial Management Group Inc. now owns 66 shares of the e-commerce giant’s stock valued at $215,000 after buying an additional 4 shares in the last quarter. BlackDiamond Wealth Management Inc. boosted its stake in Amazon.com by 1.9% in the 1st quarter. BlackDiamond Wealth Management Inc. now owns 217 shares of the e-commerce giant’s stock valued at $707,000 after buying an additional 4 shares in the last quarter. BCGM Wealth Management LLC boosted its stake in Amazon.com by 3.0% in the 1st quarter. BCGM Wealth Management LLC now owns 172 shares of the e-commerce giant’s stock valued at $428,000 after buying an additional 5 shares in the last quarter. Aspire Wealth Management Corp boosted its stake in Amazon.com by 2.4% in the 1st quarter. Aspire Wealth Management Corp now owns 216 shares of the e-commerce giant’s stock valued at $704,000 after buying an additional 5 shares in the last quarter. Finally, Lakeside Advisors INC. boosted its stake in Amazon.com by 7.5% in the first quarter. Lakeside Advisors INC. now owns 72 shares of the e-commerce giant’s stock worth $235,000 after purchasing an additional 5 shares in the last quarter. 57.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Amazon Com Inc sold 250,000 shares of the firm’s stock in a transaction on Friday, October 7th. The stock was sold at an average price of $23.61, for a total transaction of $5,902,500.00. Following the completion of the transaction, the insider now directly owns 14,178,445 shares of the company’s stock, valued at approximately $334,753,086.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Adam Selipsky sold 520 shares of the firm’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total transaction of $66,263.60. Following the completion of the transaction, the chief executive officer now directly owns 115,680 shares of the company’s stock, valued at approximately $14,741,102.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Amazon Com Inc sold 250,000 shares of the firm’s stock in a transaction on Friday, October 7th. The stock was sold at an average price of $23.61, for a total value of $5,902,500.00. Following the transaction, the insider now directly owns 14,178,445 shares of the company’s stock, valued at $334,753,086.45. The disclosure for this sale can be found here. Insiders sold a total of 303,988 shares of company stock valued at $11,164,283 in the last three months. Insiders own 12.70% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of recent analyst reports. Telsey Advisory Group reduced their price objective on Amazon.com from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Piper Sandler reduced their price objective on Amazon.com from $125.00 to $119.00 and set an “overweight” rating on the stock in a research note on Tuesday. UBS Group boosted their price objective on Amazon.com from $167.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. StockNews.com started coverage on Amazon.com in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, JPMorgan Chase & Co. dropped their target price on Amazon.com from $175.00 to $145.00 and set an “overweight” rating for the company in a research report on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $149.40.

Amazon.com Trading Up 1.0 %

Shares of NASDAQ:AMZN opened at $94.13 on Friday. The company has a market capitalization of $960.28 billion, a P/E ratio of 86.40, a P/E/G ratio of 6.23 and a beta of 1.23. Amazon.com, Inc. has a 1 year low of $85.87 and a 1 year high of $181.68. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68. The business’s 50 day simple moving average is $108.44 and its 200 day simple moving average is $116.60.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The firm had revenue of $127.10 billion for the quarter, compared to the consensus estimate of $127.47 billion. During the same quarter last year, the business posted $0.31 EPS. The company’s revenue was up 14.7% compared to the same quarter last year. On average, research analysts anticipate that Amazon.com, Inc. will post 0.74 EPS for the current fiscal year.

Amazon.com Profile

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

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

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