Sumitomo Mitsui DS Asset Management Company Ltd Has $331.15 Million Stock Position in Amazon.com, Inc. $AMZN

Key Points

• Sumitomo Mitsui DS Asset Management increased its stake in Amazon.com by 5.4% in Q2, bringing its total holdings to 1,509,414 shares valued at approximately $331.15 million.
• Insider Jeffrey P. Bezos sold over 4.2 million shares of Amazon for nearly $961 million, reducing his ownership by 0.47%, while company insiders collectively own 9.70% of the stock.
• Amazon reported a significant earnings beat with $1.68 earnings per share for Q2, surpassing estimates and demonstrating a year-over-year revenue increase of 13.3%.

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,509,414 shares of the e-commerce giant's stock after purchasing an additional 77,842 shares during the quarter. Amazon.com accounts for about 3.0% of Sumitomo Mitsui DS Asset Management Company Ltd's holdings, making the stock its 4th biggest holding. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Amazon.com were worth $331,150,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Amazon.com by 1.1% in the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock valued at $158,348,557,000 after buying an additional 8,913,959 shares during the period. Northern Trust Corp grew its stake in Amazon.com by 0.3% during the first quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant's stock worth $18,527,354,000 after purchasing an additional 302,858 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Amazon.com by 14.1% during the fourth 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 worth $14,474,471,000 after purchasing an additional 8,142,030 shares during the period. Nuveen LLC acquired a new stake in Amazon.com during the first quarter worth approximately $11,674,091,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Amazon.com by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 60,243,622 shares of the e-commerce giant's stock worth $11,461,952,000 after purchasing an additional 605,415 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction that occurred on Friday, July 11th. The stock was 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 in the company, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 25,097,911 shares of company stock valued at $5,676,032,574 in the last 90 days. 9.70% of the stock is owned by company insiders.

Amazon.com Trading Down 0.2%

Shares of Amazon.com stock opened at $220.21 on Thursday. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock has a 50 day moving average price of $227.68 and a two-hundred day moving average price of $209.83. The stock has a market capitalization of $2.35 trillion, a PE ratio of 33.57, a price-to-earnings-growth ratio of 1.47 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating 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 company had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same quarter last year, the company earned $1.26 earnings per share. The company's revenue for the quarter was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the subject of several recent analyst reports. Morgan Stanley reaffirmed an "overweight" rating on shares of Amazon.com in a research note on Wednesday, September 10th. Citizens Jmp initiated coverage on Amazon.com in a research note on Thursday, July 10th. They set a "strong-buy" rating for the company. Moffett Nathanson raised their target price on Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Zacks Research cut Amazon.com from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Finally, Evercore ISI reaffirmed an "outperform" rating and set a $280.00 target price on shares of Amazon.com in a research note on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $264.04.

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.

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.