Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Increased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,261,625 shares of the e-commerce giant's stock after buying an additional 240,755 shares during the period. Amazon.com comprises 2.8% of Asset Management One Co. Ltd.'s portfolio, making the stock its 5th largest holding. Asset Management One Co. Ltd.'s holdings in Amazon.com were worth $810,817,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Prudent Man Investment Management Inc. acquired a new position in Amazon.com during the fourth quarter worth about $27,000. LSV Asset Management acquired a new position in Amazon.com during the fourth quarter worth about $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 last quarter. Inlight Wealth Management LLC acquired a new position in Amazon.com during the first quarter worth about $40,000. Finally, Compass Planning Associates Inc acquired a new position in Amazon.com during the fourth quarter worth about $51,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Wall Street Zen cut shares of Amazon.com from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Truist Financial boosted their price objective on shares of Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Raymond James Financial reissued an "outperform" rating and issued a $195.00 price objective (down previously from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Evercore ISI cut their price objective on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Finally, Oppenheimer boosted their price objective on shares of Amazon.com from $215.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, June 20th. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $249.42.

Amazon.com Price Performance

AMZN opened at $225.69 on Tuesday. The company has a market cap of $2.40 trillion, a P/E ratio of 36.76, a P/E/G ratio of 1.69 and a beta of 1.33. The company has a 50 day moving average of $210.69 and a two-hundred day moving average of $208.38. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 earnings per share. On average, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Andrew R. Jassy sold 19,872 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,000,233.60. Following the completion of the transaction, the chief executive officer directly owned 2,148,694 shares in the company, valued at approximately $432,532,102.20. This represents a 0.92% 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 Matthew S. Garman sold 20,923 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were 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. In the last ninety days, insiders sold 6,886,613 shares of company stock valued at $1,531,840,610. 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.

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