Asahi Life Asset Management CO. LTD. Buys 863 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Asahi Life Asset Management CO. LTD. grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,933 shares of the e-commerce giant’s stock after acquiring an additional 863 shares during the period. Amazon.com comprises approximately 3.4% of Asahi Life Asset Management CO. LTD.’s holdings, making the stock its 5th biggest position. Asahi Life Asset Management CO. LTD.’s holdings in Amazon.com were worth $5,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of AMZN. PayPay Securities Corp lifted its position in shares of Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after buying an additional 64 shares during the last quarter. Hoese & Co LLP acquired a new stake in Amazon.com during the third quarter worth about $37,000. Bull Oak Capital LLC bought a new position in Amazon.com in the third quarter worth about $45,000. Values First Advisors Inc. acquired a new position in Amazon.com during the 3rd quarter valued at approximately $56,000. Finally, Christopher J. Hasenberg Inc grew its position in shares of Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after acquiring an additional 260 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In related news, CEO Matthew S. Garman sold 15,260 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the transaction, the chief executive officer now owns 349,261 shares in the company, valued at approximately $69,918,559.59. The trade was a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,026,683 shares of company stock valued at $1,252,148,795. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $210.71 on Tuesday. The firm has a market capitalization of $2.22 trillion, a price-to-earnings ratio of 45.12, a PEG ratio of 1.39 and a beta of 1.14. The business has a fifty day simple moving average of $194.78 and a 200 day simple moving average of $186.94. Amazon.com, Inc. has a one year low of $142.81 and a one year high of $215.90. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $0.85 earnings per share. Sell-side analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current year.

Analysts Set New Price Targets

AMZN has been the topic of several analyst reports. Oppenheimer raised their target price on Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Wedbush boosted their target price on shares of Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Redburn Atlantic raised their target price on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Moffett Nathanson upped their price target on Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Telsey Advisory Group raised their price objective on shares of Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $236.20.

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.