Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Meiji Yasuda Life Insurance Co

Meiji Yasuda Life Insurance Co increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 310,354 shares of the e-commerce giant's stock after acquiring an additional 4,641 shares during the quarter. Amazon.com makes up about 1.3% of Meiji Yasuda Life Insurance Co's holdings, making the stock its 11th biggest position. Meiji Yasuda Life Insurance Co's holdings in Amazon.com were worth $68,089,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Regent Peak Wealth Advisors LLC raised its position in Amazon.com by 0.7% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant's stock worth $9,906,000 after buying an additional 318 shares during the last quarter. LVM Capital Management Ltd. MI raised its position in Amazon.com by 16.4% during the 4th quarter. LVM Capital Management Ltd. MI now owns 5,776 shares of the e-commerce giant's stock worth $1,267,000 after buying an additional 813 shares during the last quarter. Sage Capital Advisors llc raised its position in Amazon.com by 0.6% during the 4th quarter. Sage Capital Advisors llc now owns 71,463 shares of the e-commerce giant's stock worth $15,678,000 after buying an additional 396 shares during the last quarter. Heartwood Wealth Advisors LLC raised its holdings in Amazon.com by 4.9% during the fourth quarter. Heartwood Wealth Advisors LLC now owns 11,158 shares of the e-commerce giant's stock worth $2,448,000 after purchasing an additional 523 shares in the last quarter. Finally, Praetorian Wealth Management Inc. purchased a new position in Amazon.com during the fourth quarter worth about $730,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Down 1.4%

NASDAQ:AMZN opened at $201.12 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The firm has a market capitalization of $2.14 trillion, a price-to-earnings ratio of 36.37, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The stock has a fifty day simple moving average of $189.74 and a 200 day simple moving average of $208.74.

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

Analysts Set New Price Targets

AMZN has been the subject of several research analyst reports. Piper Sandler reiterated an "overweight" rating and issued a $212.00 price objective (down previously from $215.00) on shares of Amazon.com in a research report on Friday, May 2nd. Needham & Company LLC reiterated a "buy" rating and issued a $220.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. UBS Group reiterated a "buy" rating on shares of Amazon.com in a report on Tuesday, May 6th. StockNews.com downgraded shares of Amazon.com from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Finally, Loop Capital increased their target price on shares of Amazon.com from $275.00 to $285.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction on 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 sale, the chief executive officer now owns 509,474 shares of the company's stock, valued at $95,776,017.26. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the sale, the chief executive officer now owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. The trade was a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 80,081 shares of company stock worth $17,421,044 over the last ninety days. 9.70% 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.

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