Sompo Asset Management Co. Ltd. Sells 12,311 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Sompo Asset Management Co. Ltd. trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 13.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,800 shares of the e-commerce giant's stock after selling 12,311 shares during the quarter. Amazon.com comprises approximately 3.0% of Sompo Asset Management Co. Ltd.'s investment portfolio, making the stock its 8th biggest position. Sompo Asset Management Co. Ltd.'s holdings in Amazon.com were worth $17,946,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Principal Financial Group Inc. increased its holdings in Amazon.com by 5.1% in the 3rd quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant's stock valued at $3,757,589,000 after buying an additional 984,570 shares during the period. Wilmington Savings Fund Society FSB boosted its stake in shares of Amazon.com by 61.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 298,678 shares of the e-commerce giant's stock valued at $55,653,000 after purchasing an additional 114,043 shares in the last quarter. Tri Ri Asset Management Corp bought a new stake in shares of Amazon.com during the 3rd quarter valued at approximately $9,821,000. Asset Advisors Investment Management LLC grew its holdings in shares of Amazon.com by 1.3% during the 3rd quarter. Asset Advisors Investment Management LLC now owns 116,869 shares of the e-commerce giant's stock valued at $21,776,000 after purchasing an additional 1,499 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in Amazon.com by 0.5% during the 3rd quarter. Franklin Resources Inc. now owns 47,156,540 shares of the e-commerce giant's stock worth $8,843,714,000 after purchasing an additional 257,072 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Up 0.3%

NASDAQ AMZN traded up $0.57 during mid-day trading on Monday, reaching $206.16. 34,235,970 shares of the stock were exchanged, compared to its average volume of 41,958,033. The stock has a market capitalization of $2.19 trillion, a PE ratio of 37.28, a PEG ratio of 1.50 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The business's fifty day simple moving average is $189.33 and its 200 day simple moving average is $208.77.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm's quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the company earned $0.98 EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMZN. Phillip Securities cut shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, February 10th. Loop Capital raised their price target on shares of Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Westpark Capital restated a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Tigress Financial lifted their price objective on Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Finally, Wedbush reiterated an "outperform" rating and set a $235.00 target price (up previously from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and an average target price of $244.09.

Insiders Place Their Bets

In other news, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26. This trade represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold 80,798 shares of company stock worth $17,696,733 over the last three months. 9.70% of the stock is owned by insiders.

Amazon.com 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.