Nissay Asset Management Corp Japan ADV Reduces Position in Amazon.com, Inc. (NASDAQ:AMZN)

Nissay Asset Management Corp Japan ADV cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,926,013 shares of the e-commerce giant's stock after selling 80,196 shares during the period. Amazon.com makes up approximately 2.6% of Nissay Asset Management Corp Japan ADV's investment portfolio, making the stock its 8th largest holding. Nissay Asset Management Corp Japan ADV's holdings in Amazon.com were worth $430,945,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Nearwater Capital Markets Ltd acquired a new stake in shares of Amazon.com in the 4th quarter valued at about $51,557,000. Newbrook Capital Advisors LP raised its stake in shares of Amazon.com by 3.3% in the 4th quarter. Newbrook Capital Advisors LP now owns 460,676 shares of the e-commerce giant's stock valued at $101,068,000 after purchasing an additional 14,516 shares during the period. Night Owl Capital Management LLC raised its stake in shares of Amazon.com by 2.5% in the 4th quarter. Night Owl Capital Management LLC now owns 310,268 shares of the e-commerce giant's stock valued at $68,070,000 after purchasing an additional 7,531 shares during the period. Noked Israel Ltd acquired a new stake in shares of Amazon.com in the 4th quarter valued at about $3,291,000. Finally, NorthRock Partners LLC raised its stake in shares of Amazon.com by 183.7% in the 4th quarter. NorthRock Partners LLC now owns 147,082 shares of the e-commerce giant's stock valued at $32,268,000 after purchasing an additional 95,236 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of recent research reports. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Amazon.com in a research report on Thursday, February 13th. DA Davidson dropped 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. Raymond James reiterated an "outperform" rating and set a $195.00 target price (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Truist Financial dropped their target price on Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, UBS Group reiterated a "buy" rating on shares of Amazon.com in a report on Tuesday, May 6th. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $244.09.

Amazon.com Price Performance

Shares of AMZN traded down $1.77 during trading hours on Friday, reaching $203.93. The stock had a trading volume of 51,641,602 shares, compared to its average volume of 42,088,816. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock has a market capitalization of $2.16 trillion, a PE ratio of 36.88, 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. The company's 50-day moving average is $190.57 and its two-hundred day moving average is $208.66.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced 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 during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Amazon.com's revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.98 EPS. Research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $24,050,626.20. This trade represents a 2.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Matthew S. Garman sold 20,923 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. Insiders sold 99,537 shares of company stock worth $20,018,625 over the last three months. Company insiders own 9.70% 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.