Amazon.com, Inc. (NASDAQ:AMZN) Holdings Increased by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 461,952 shares of the e-commerce giant’s stock after acquiring an additional 16,670 shares during the period. Amazon.com accounts for approximately 3.8% of Tokio Marine Asset Management Co. Ltd.’s holdings, making the stock its 4th biggest holding. Tokio Marine Asset Management Co. Ltd.’s holdings in Amazon.com were worth $86,076,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ferguson Wellman Capital Management Inc. raised its position in Amazon.com by 1.3% in the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 588,874 shares of the e-commerce giant’s stock worth $109,725,000 after purchasing an additional 7,328 shares during the period. Black Swift Group LLC grew its stake in shares of Amazon.com by 20.6% during the third quarter. Black Swift Group LLC now owns 18,341 shares of the e-commerce giant’s stock valued at $3,417,000 after buying an additional 3,134 shares during the last quarter. Unionview LLC raised its holdings in shares of Amazon.com by 3.9% in the third quarter. Unionview LLC now owns 13,900 shares of the e-commerce giant’s stock worth $2,590,000 after buying an additional 518 shares during the period. Metis Global Partners LLC boosted its holdings in Amazon.com by 3.4% during the 3rd quarter. Metis Global Partners LLC now owns 525,020 shares of the e-commerce giant’s stock valued at $97,827,000 after acquiring an additional 17,147 shares during the period. Finally, Snider Financial Group boosted its holdings in Amazon.com by 1.5% during the 3rd quarter. Snider Financial Group now owns 31,304 shares of the e-commerce giant’s stock valued at $5,833,000 after acquiring an additional 464 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 1.8 %

NASDAQ:AMZN opened at $229.05 on Wednesday. The company has a market cap of $2.41 trillion, a P/E ratio of 49.05, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a twelve month low of $144.05 and a twelve month high of $233.00. The business has a 50 day moving average price of $206.58 and a two-hundred day moving average price of $191.74. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on AMZN shares. The Goldman Sachs Group boosted their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Needham & Company LLC reissued a “buy” rating and issued a $250.00 price objective on shares of Amazon.com in a research note on Tuesday, December 10th. Pivotal Research assumed coverage on Amazon.com in a report on Friday, October 11th. They set a “buy” rating and a $260.00 price objective on the stock. Mizuho upped their target price on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $230.00 price target on shares of Amazon.com in a research note on Monday, October 7th. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $243.00.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 5,502 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the completion of the transaction, the chief executive officer now directly owns 518,911 shares in the company, valued at approximately $106,797,072.91. This represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the sale, the insider now directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock valued at $1,253,456,822 over the last quarter. 10.80% of the stock is owned by company insiders.

About Amazon.com

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.