Amazon.com, Inc. (NASDAQ:AMZN) Holdings Lifted by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,719,714 shares of the e-commerce giant’s stock after purchasing an additional 309,678 shares during the period. Amazon.com accounts for about 2.3% of Daiwa Securities Group Inc.’s investment portfolio, making the stock its 8th largest position. Daiwa Securities Group Inc.’s holdings in Amazon.com were worth $506,763,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Western Wealth Management LLC boosted its holdings in shares of Amazon.com by 5.5% during the second quarter. Western Wealth Management LLC now owns 135,582 shares of the e-commerce giant’s stock worth $26,201,000 after purchasing an additional 7,034 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. purchased a new position in Amazon.com during the second quarter worth about $292,000. MONECO Advisors LLC boosted its stake in Amazon.com by 2.9% in the 2nd quarter. MONECO Advisors LLC now owns 56,522 shares of the e-commerce giant’s stock worth $10,923,000 after buying an additional 1,600 shares during the last quarter. ADE LLC grew its holdings in Amazon.com by 5.3% in the 2nd quarter. ADE LLC now owns 2,293 shares of the e-commerce giant’s stock valued at $443,000 after buying an additional 115 shares during the period. Finally, Greenspring Advisors LLC increased its stake in shares of Amazon.com by 25.4% during the 2nd quarter. Greenspring Advisors LLC now owns 4,859 shares of the e-commerce giant’s stock valued at $939,000 after acquiring an additional 985 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the transaction, the chief executive officer now owns 518,911 shares in the company, valued at $106,797,072.91. This represents a 1.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock worth $1,253,456,822 in the last ninety days. 10.80% of the stock is owned by insiders.

Amazon.com Stock Up 1.8 %

Shares of Amazon.com stock opened at $224.19 on Friday. The stock has a market capitalization of $2.36 trillion, a price-to-earnings ratio of 48.01, a PEG 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 company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The business’s 50 day simple moving average is $213.07 and its 200-day simple moving average is $194.05.

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 the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period last 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. Equities research analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AMZN shares. 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 research report on Tuesday, November 26th. Loop Capital boosted their price objective on shares of Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. JMP Securities reiterated a “market outperform” rating and issued a $285.00 target price on shares of Amazon.com in a report on Monday, December 16th. Stifel Nicolaus boosted their price target on Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $230.00 price objective on shares of Amazon.com in a report on Monday, October 7th. Two research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $243.44.

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.