Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Rakuten Securities Inc.

Rakuten Securities Inc. lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 94.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,740 shares of the e-commerce giant's stock after purchasing an additional 8,634 shares during the quarter. Amazon.com comprises approximately 1.7% of Rakuten Securities Inc.'s portfolio, making the stock its 11th biggest position. Rakuten Securities Inc.'s holdings in Amazon.com were worth $3,375,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cable Hill Partners LLC increased its stake in shares of Amazon.com by 0.5% during the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock valued at $2,104,000 after acquiring an additional 44 shares during the last quarter. Northern Capital Management Inc. boosted its position in shares of Amazon.com by 0.6% in the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock worth $1,613,000 after acquiring an additional 45 shares during the last quarter. White Wing Wealth Management grew its holdings in Amazon.com by 2.4% in the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock valued at $433,000 after purchasing an additional 47 shares during the period. Balanced Wealth Group LLC increased its position in Amazon.com by 1.6% during the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock worth $705,000 after purchasing an additional 48 shares during the last quarter. Finally, ETF Store Inc. raised its stake in Amazon.com by 2.1% during the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock worth $522,000 after purchasing an additional 48 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMZN has been the subject of several research reports. BNP Paribas Exane raised shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price objective for the company in a research note on Friday, June 27th. DA Davidson reduced their target price on Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Cantor Fitzgerald upped their price target on Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Needham & Company LLC restated a "buy" rating and issued a $220.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Finally, Benchmark reiterated a "buy" rating and set a $260.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $245.60.

Insider Activity

In other Amazon.com news, CEO Matthew S. Garman sold 20,923 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the completion of the transaction, the chief financial officer owned 49,000 shares of the company's stock, valued at $9,876,930. This trade represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,426,963 shares of company stock worth $757,297,707 in the last 90 days. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Stock Up 1.5%

Shares of Amazon.com stock opened at $223.13 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The business's fifty day moving average price is $206.44 and its two-hundred day moving average price is $208.70. The company has a market capitalization of $2.37 trillion, a P/E ratio of 36.34, a PEG ratio of 1.68 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The company 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 24.14% and a net margin of 10.14%. The company's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $0.98 earnings per share. As a group, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

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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