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

Mizuho Securities Co. Ltd. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 626.3% during the 1st quarter, according to the company in 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 quarter. Amazon.com comprises 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.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cable Hill Partners LLC grew its holdings in shares of Amazon.com by 0.5% in the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock valued at $2,104,000 after buying an additional 44 shares during the period. Northern Capital Management Inc. boosted its stake in Amazon.com by 0.6% in the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock worth $1,613,000 after purchasing an additional 45 shares during the period. White Wing Wealth Management boosted its stake in Amazon.com by 2.4% in the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock worth $433,000 after purchasing an additional 47 shares during the period. Balanced Wealth Group LLC boosted its stake in Amazon.com by 1.6% in the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock worth $705,000 after purchasing an additional 48 shares during the period. Finally, ETF Store Inc. boosted its stake in Amazon.com by 2.1% in the 4th quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock worth $522,000 after purchasing an additional 48 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president owned 47,030 shares in the company, valued at $9,519,342.30. This represents a 22.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the transaction, the chief executive officer owned 2,148,694 shares in the company, valued at approximately $432,532,102.20. The trade was a 0.92% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,886,613 shares of company stock worth $1,531,840,610. Insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AMZN shares. Wedbush reaffirmed an "outperform" rating and issued a $235.00 target price (up from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Moffett Nathanson upped their target price on shares of Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Royal Bank Of Canada reduced their target price on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Jefferies Financial Group cut their price target on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Finally, BNP Paribas raised shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $249.42.

Amazon.com Stock Performance

Amazon.com stock traded up $2.76 during trading hours on Friday, hitting $225.02. The company had a trading volume of 50,481,094 shares, compared to its average volume of 42,089,069. The firm has a market cap of $2.39 trillion, a PE ratio of 36.65, a PEG ratio of 1.67 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The firm has a 50-day moving average of $209.90 and a 200 day moving average of $208.63.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm 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 business's revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

About Amazon.com

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.