Rakuten Securities Inc. Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Rakuten Securities Inc. purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,070 shares of the e-commerce giant’s stock, valued at approximately $1,074,000. Amazon.com makes up approximately 0.8% of Rakuten Securities Inc.’s portfolio, making the stock its 22nd biggest holding.

A number of other hedge funds also recently modified their holdings of the business. PayPay Securities Corp increased its stake in Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 86 shares in the last quarter. Bruce G. Allen Investments LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth $57,000. Authentikos Wealth Advisory LLC bought a new stake in Amazon.com in the 3rd quarter valued at $49,000. Finally, AM Squared Ltd acquired a new position in Amazon.com in the 3rd quarter worth $76,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on AMZN. JPMorgan Chase & Co. lifted their price target on Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Roth Mkm reaffirmed a “buy” rating and set a $210.00 price target (up previously from $205.00) on shares of Amazon.com in a research report on Wednesday, May 1st. Bank of America lifted their price objective on shares of Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Truist Financial increased their target price on shares of Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, Mizuho lifted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $211.62.

Insiders Place Their Bets

In other news, insider Jeffrey P. Bezos sold 2,009,208 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total value of $335,115,802.32. Following the sale, the insider now directly owns 938,251,817 shares in the company, valued at approximately $156,491,020,557.43. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Jeffrey P. Bezos sold 2,009,208 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the completion of the transaction, the insider now directly owns 938,251,817 shares in the company, valued at $156,491,020,557.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 50,000 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $168.65, for a total value of $8,432,500.00. Following the sale, the chief executive officer now directly owns 2,014,055 shares in the company, valued at approximately $339,670,375.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,217,010 shares of company stock valued at $5,506,442,301. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Trading Up 1.3 %

Shares of Amazon.com stock opened at $188.70 on Tuesday. The firm’s 50-day moving average price is $179.29 and its two-hundred day moving average price is $161.18. The company has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 52.86, a PEG ratio of 1.35 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 12-month low of $104.70 and a 12-month high of $189.77.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same quarter last year, the company posted $0.31 EPS. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, analysts forecast that Amazon.com, Inc. will post 4.67 earnings per share for the current fiscal year.

Amazon.com 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.