Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Increased by Global X Japan Co. Ltd.

Global X Japan Co. Ltd. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 10.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 185,550 shares of the e-commerce giant's stock after acquiring an additional 17,067 shares during the period. Amazon.com comprises 4.1% of Global X Japan Co. Ltd.'s holdings, making the stock its 8th biggest position. Global X Japan Co. Ltd.'s holdings in Amazon.com were worth $35,303,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Castlekeep Investment Advisors LLC purchased a new stake in Amazon.com during the fourth quarter worth $25,000. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com during the fourth quarter worth $27,000. LSV Asset Management acquired a new position in Amazon.com during the fourth quarter worth $35,000. Perritt Capital Management Inc raised its position in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares during the period. Finally, Compass Planning Associates Inc acquired a new position in Amazon.com during the fourth quarter worth $51,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AMZN. DA Davidson reduced their price objective on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Citizens Jmp reduced their target price on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Mizuho reduced their target price on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $212.00 target price (down previously from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and a consensus price target of $246.41.

Amazon.com Stock Down 1.8%

AMZN stock traded down $4.11 during midday trading on Tuesday, reaching $219.36. 45,197,871 shares of the company were exchanged, compared to its average volume of 42,024,201. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The stock's 50-day simple moving average is $207.16 and its 200 day simple moving average is $208.51. The company has a market cap of $2.33 trillion, a price-to-earnings ratio of 35.73, a price-to-earnings-growth ratio of 1.68 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its 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 business had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 EPS. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In other Amazon.com news, CEO Matthew S. Garman sold 20,923 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,211,799.90. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the completion of the sale, the senior vice president directly owned 47,030 shares in the company, valued at approximately $9,519,342.30. The trade was a 22.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,426,963 shares of company stock valued at $757,297,707 in the last quarter. Corporate insiders own 10.80% of the company's stock.

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.