Mirae Asset Global Investments Co. Ltd. Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Mirae Asset Global Investments Co. Ltd. boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,061,351 shares of the e-commerce giant’s stock after acquiring an additional 132,562 shares during the period. Amazon.com accounts for approximately 3.6% of Mirae Asset Global Investments Co. Ltd.’s portfolio, making the stock its 5th largest holding. Mirae Asset Global Investments Co. Ltd.’s holdings in Amazon.com were worth $899,642,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MBM Wealth Consultants LLC lifted its position in shares of Amazon.com by 0.6% in the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock worth $1,889,000 after buying an additional 48 shares in the last quarter. Semus Wealth Partners LLC grew its stake in shares of Amazon.com by 0.3% during the third quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock valued at $3,339,000 after buying an additional 49 shares during the last quarter. Bell Investment Advisors Inc grew its stake in shares of Amazon.com by 1.5% during the third quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant’s stock valued at $626,000 after buying an additional 51 shares during the last quarter. Eaton Cambridge Inc. grew its stake in shares of Amazon.com by 1.1% during the fourth quarter. Eaton Cambridge Inc. now owns 4,533 shares of the e-commerce giant’s stock valued at $994,000 after buying an additional 51 shares during the last quarter. Finally, Proathlete Wealth Management LLC grew its stake in shares of Amazon.com by 0.4% during the fourth quarter. Proathlete Wealth Management LLC now owns 12,853 shares of the e-commerce giant’s stock valued at $2,820,000 after buying an additional 51 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the transaction, the chief executive officer now owns 524,567 shares of the company’s stock, valued at $110,159,070. This represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the transaction, the senior vice president now owns 49,950 shares in the company, valued at $10,864,125. The trade was a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 110,149 shares of company stock valued at $24,606,905. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

NASDAQ:AMZN opened at $212.32 on Friday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a market cap of $2.25 trillion, a P/E ratio of 38.39, a P/E/G ratio of 1.50 and a beta of 1.15. The firm’s fifty day moving average price is $226.44 and its two-hundred day moving average price is $205.61. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AMZN. Jefferies Financial Group increased their price objective on Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Rosenblatt Securities increased their target price on Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Morgan Stanley increased their price objective on Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Sanford C. Bernstein raised their target price on Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Finally, Canaccord Genuity Group restated a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $260.65.

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.