Mizuho Securities Co. Ltd. Purchases 2,380 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Mizuho Securities Co. Ltd. raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 626.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,760 shares of the e-commerce giant's stock after purchasing an additional 2,380 shares during the period. Amazon.com comprises approximately 6.2% of Mizuho Securities Co. Ltd.'s portfolio, making the stock its 5th biggest holding. Mizuho Securities Co. Ltd.'s holdings in Amazon.com were worth $525,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. PFG Investments LLC lifted its position in shares of Amazon.com by 1.9% in the first quarter. PFG Investments LLC now owns 156,075 shares of the e-commerce giant's stock valued at $29,695,000 after acquiring an additional 2,861 shares in the last quarter. Elser Financial Planning Inc lifted its position in shares of Amazon.com by 17.9% in the first quarter. Elser Financial Planning Inc now owns 5,976 shares of the e-commerce giant's stock valued at $1,137,000 after acquiring an additional 909 shares in the last quarter. Jamison Private Wealth Management Inc. lifted its position in shares of Amazon.com by 0.6% in the first quarter. Jamison Private Wealth Management Inc. now owns 61,570 shares of the e-commerce giant's stock valued at $11,714,000 after acquiring an additional 374 shares in the last quarter. Rockline Wealth Management LLC lifted its position in shares of Amazon.com by 2.9% in the first quarter. Rockline Wealth Management LLC now owns 42,290 shares of the e-commerce giant's stock valued at $8,046,000 after acquiring an additional 1,209 shares in the last quarter. Finally, Cottage Street Advisors LLC lifted its position in shares of Amazon.com by 155.1% in the first quarter. Cottage Street Advisors LLC now owns 46,523 shares of the e-commerce giant's stock valued at $8,851,000 after acquiring an additional 28,289 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $222.54 on Thursday. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The business has a 50 day moving average price of $208.56 and a two-hundred day moving average price of $208.68. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The firm has a market cap of $2.36 trillion, a PE ratio of 36.24, a price-to-earnings-growth ratio of 1.65 and a beta of 1.33.

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

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the firm's stock in a transaction that occurred on 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 owned 119,780 shares in the company, valued at $24,050,626.20. This trade represents a 2.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 2,046,582 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $223.92, for a total value of $458,270,641.44. Following the sale, the insider owned 902,480,530 shares of the company's stock, valued at approximately $202,083,440,277.60. This trade represents a 0.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,401,408 shares of company stock worth $1,423,159,137 over the last quarter. Corporate insiders own 9.70% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Tigress Financial upped their price objective on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. BNP Paribas Exane upgraded Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 target price on the stock in a research report on Friday, June 27th. Rosenblatt Securities increased their target price on Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Wells Fargo & Company increased their target price on Amazon.com from $201.00 to $238.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Finally, BNP Paribas upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Three equities research analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $246.41.

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.

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.