Sumitomo Mitsui DS Asset Management Company Ltd Has $242.87 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,303,461 shares of the e-commerce giant’s stock after purchasing an additional 54,190 shares during the quarter. Amazon.com makes up approximately 2.6% of Sumitomo Mitsui DS Asset Management Company Ltd’s portfolio, making the stock its 4th biggest holding. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Amazon.com were worth $242,874,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Marathon Asset Management Ltd bought a new stake in Amazon.com in the 3rd quarter valued at about $112,623,000. TruWealth Advisors LLC increased its stake in shares of Amazon.com by 0.6% in the third quarter. TruWealth Advisors LLC now owns 184,173 shares of the e-commerce giant’s stock worth $34,317,000 after purchasing an additional 1,080 shares in the last quarter. Ellsworth Advisors LLC raised its position in shares of Amazon.com by 8.5% in the third quarter. Ellsworth Advisors LLC now owns 1,739 shares of the e-commerce giant’s stock valued at $324,000 after purchasing an additional 136 shares during the period. Drake & Associates LLC lifted its stake in shares of Amazon.com by 22.3% during the 3rd quarter. Drake & Associates LLC now owns 6,977 shares of the e-commerce giant’s stock valued at $1,300,000 after buying an additional 1,273 shares in the last quarter. Finally, Trust Co. of Vermont boosted its holdings in Amazon.com by 2.2% in the 3rd quarter. Trust Co. of Vermont now owns 314,803 shares of the e-commerce giant’s stock worth $58,657,000 after buying an additional 6,720 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 4.2 %

NASDAQ AMZN opened at $202.61 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a fifty-two week low of $139.52 and a fifty-two week high of $215.90. The stock has a market cap of $2.13 trillion, a P/E ratio of 43.39, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14. The stock has a 50 day simple moving average of $191.16 and a two-hundred day simple moving average of $185.81.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating 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 firm earned $0.85 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, analysts forecast that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. The trade was a 22.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,053,349 shares of company stock worth $1,256,503,289 over the last three months. Company insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AMZN shares. Roth Mkm boosted their target price on shares of Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Barclays increased their price objective on Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Piper Sandler raised their target price on Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Stifel Nicolaus upped 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 research report on Monday, October 7th. Two research analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $235.45.

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.