MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $937.62 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,271,032 shares of the e-commerce giant's stock after buying an additional 266,178 shares during the quarter. Amazon.com accounts for approximately 2.0% of MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings, making the stock its 5th largest holding. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Amazon.com were worth $937,616,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC bought a new stake in shares of Amazon.com in the fourth quarter valued at about $25,000. Accordant Advisory Group Inc increased its position in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after acquiring an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $27,000. LSV Asset Management acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $35,000. Finally, Perritt Capital Management Inc grew its holdings 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 purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Down 0.9%

Shares of AMZN stock traded down $1.77 on Friday, reaching $203.93. 51,641,602 shares of the company were exchanged, compared to its average volume of 42,021,406. The company has a market cap of $2.16 trillion, a price-to-earnings ratio of 36.88, a PEG ratio of 1.50 and a beta of 1.30. The company has a 50-day moving average of $190.57 and a 200-day moving average of $208.63. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

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

Insider Buying and Selling

In related news, CEO Matthew S. Garman sold 20,923 shares of the firm's stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 99,537 shares of company stock worth $20,018,625 in the last quarter. Insiders own 9.70% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Scotiabank reduced their price target on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a report on Monday, April 21st. Oppenheimer reduced their price objective on Amazon.com from $260.00 to $220.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Benchmark restated a "buy" rating and set a $260.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Barclays reduced their price objective on Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Finally, Morgan Stanley reduced their price objective on Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. Based on data from MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and an average price target of $244.09.

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.