Resona Asset Management Co. Ltd. Has $609.85 Million Stake in Amazon.com, Inc. $AMZN

Key Points

• Resona Asset Management Co. Ltd. increased its stake in Amazon.com by 8.3%, acquiring an additional 246,465 shares, bringing its total to 3,198,539 shares, valued at approximately $609.8 million.
• CEO Matthew Garman sold 17,785 shares of Amazon stock, marking an 85% decrease in his position, while insiders collectively sold over 25 million shares valued at around $5.68 billion in the last three months.
• Multiple financial analysts maintain a positive outlook on Amazon, with 46 "Buy" ratings and a consensus target price of $262.87, reflecting confidence despite recent insider selling activity.

Resona Asset Management Co. Ltd. grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 3,198,539 shares of the e-commerce giant's stock after acquiring an additional 246,465 shares during the period. Amazon.com comprises about 3.5% of Resona Asset Management Co. Ltd.'s holdings, making the stock its 4th largest holding. Resona Asset Management Co. Ltd.'s holdings in Amazon.com were worth $609,847,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Amazon.com by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock worth $158,348,557,000 after acquiring an additional 8,913,959 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Amazon.com by 2.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock worth $40,107,544,000 after purchasing an additional 4,087,933 shares in the last quarter. Northern Trust Corp boosted its position in shares of Amazon.com by 14.0% in the 4th quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant's stock worth $21,297,564,000 after purchasing an additional 11,926,749 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Amazon.com by 14.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 65,975,984 shares of the e-commerce giant's stock valued at $14,474,471,000 after acquiring an additional 8,142,030 shares in the last quarter. Finally, Capital World Investors lifted its position in Amazon.com by 36.8% in the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after acquiring an additional 17,681,004 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 25,097,911 shares of company stock valued at $5,676,032,574 over the last quarter. 9.70% of the stock is currently owned by insiders.

Amazon.com Price Performance

AMZN stock traded down $7.91 during trading on Wednesday, reaching $230.33. The company's stock had a trading volume of 60,798,520 shares, compared to its average volume of 32,696,864. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $2.46 trillion, a P/E ratio of 35.11, a price-to-earnings-growth ratio of 1.60 and a beta of 1.30. The company's fifty day moving average is $226.43 and its 200-day moving average is $208.24.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the prior year, the business posted $1.26 EPS. Amazon.com's revenue for the quarter was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. On average, research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Sanford C. Bernstein set a $235.00 price objective on Amazon.com and gave the company an "outperform" rating in a research report on Tuesday, July 1st. Pivotal Research upped their price objective on Amazon.com from $260.00 to $285.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Roth Capital set a $250.00 price objective on Amazon.com and gave the company a "buy" rating in a research report on Tuesday, July 8th. Citigroup reaffirmed an "overweight" rating on shares of Amazon.com in a research report on Wednesday, August 13th. Finally, Monness Crespi & Hardt increased their price target on Amazon.com from $265.00 to $275.00 and gave the company a "buy" rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $262.87.

Amazon.com Company 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.