Dai ichi Life Insurance Company Ltd Sells 61,692 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Dai ichi Life Insurance Company Ltd decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 13.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 391,574 shares of the e-commerce giant’s stock after selling 61,692 shares during the period. Amazon.com accounts for approximately 1.8% of Dai ichi Life Insurance Company Ltd’s holdings, making the stock its 5th largest position. Dai ichi Life Insurance Company Ltd’s holdings in Amazon.com were worth $72,962,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Icon Wealth Advisors LLC grew its holdings in shares of Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after acquiring an additional 25,581 shares in the last quarter. PayPay Securities Corp grew its holdings 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 valued at $32,000 after acquiring an additional 64 shares in the last quarter. Hoese & Co LLP bought a new position in shares of Amazon.com in the 3rd quarter valued at about $37,000. Bull Oak Capital LLC bought a new position in Amazon.com during the third quarter worth about $45,000. Finally, Values First Advisors Inc. bought a new position in Amazon.com during the third quarter worth about $56,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 1.8 %

Shares of AMZN opened at $224.19 on Monday. Amazon.com, Inc. has a one year low of $144.05 and a one year high of $233.00. The company has a market cap of $2.36 trillion, a P/E ratio of 48.01, a P/E/G ratio of 1.54 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The firm has a 50 day simple moving average of $213.07 and a two-hundred day simple moving average of $194.21.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the previous year, the business earned $0.85 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. Research analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 5,502 shares of the business’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 sale, the chief executive officer now owns 518,911 shares of the company’s stock, valued at approximately $106,797,072.91. The trade was a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction on 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 directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock worth $1,253,456,822 over the last three months. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AMZN shares. Telsey Advisory Group lifted their price target on Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. BMO Capital Markets reiterated an “outperform” rating and set a $236.00 price target on shares of Amazon.com in a report on Tuesday, December 3rd. Mizuho lifted their price target on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Cantor Fitzgerald reiterated an “overweight” rating and set a $230.00 price target on shares of Amazon.com in a report on Monday, October 7th. Finally, Robert W. Baird lifted their price target on Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $243.44.

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.