Sompo Asset Management Co. Ltd. Has $18.74 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Sompo Asset Management Co. Ltd. decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,987 shares of the e-commerce giant’s stock after selling 5,370 shares during the period. Amazon.com accounts for 3.2% of Sompo Asset Management Co. Ltd.’s investment portfolio, making the stock its 7th biggest holding. Sompo Asset Management Co. Ltd.’s holdings in Amazon.com were worth $18,743,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Amazon.com by 1.9% during the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after buying an additional 14,724,687 shares during the last quarter. Swedbank AB bought a new stake in shares of Amazon.com in the 1st quarter worth about $2,239,757,000. Capital World Investors raised its stake in shares of Amazon.com by 64.6% in the first quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock valued at $5,295,899,000 after acquiring an additional 11,524,463 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of Amazon.com by 8.5% in the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after acquiring an additional 6,810,145 shares in the last quarter. Finally, Global Assets Advisory LLC raised its holdings in shares of Amazon.com by 30,350.2% in the first quarter. Global Assets Advisory LLC now owns 6,531,569 shares of the e-commerce giant’s stock valued at $1,178,164,000 after buying an additional 6,510,119 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AMZN. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price target on shares of Amazon.com in a report on Thursday, September 12th. Telsey Advisory Group restated an “outperform” rating and issued a $215.00 price target on shares of Amazon.com in a report on Thursday, October 10th. Wells Fargo & Company cut Amazon.com from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $225.00 to $183.00 in a report on Monday, October 7th. BMO Capital Markets reissued an “outperform” rating and issued a $230.00 price target on shares of Amazon.com in a research note on Thursday, September 19th. Finally, Wedbush reaffirmed an “outperform” rating and set a $225.00 price objective on shares of Amazon.com in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $236.78.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $188.99 on Monday. The firm has a market cap of $1.97 trillion, a P/E ratio of 52.94, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The business’s 50 day moving average is $181.98 and its 200-day moving average is $183.43. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The business had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Equities research analysts predict that Amazon.com, Inc. will post 4.85 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $189.25, for a total value of $662,375.00. Following the completion of the transaction, the chief executive officer now owns 503,753 shares of the company’s stock, valued at $95,335,255.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at $8,820,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 54,355 shares of company stock valued at $9,877,423. 10.80% of the stock is currently owned by company insiders.

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.