Amazon.com, Inc. (NASDAQ:AMZN) is Sumitomo Mitsui Trust Group Inc.'s 4th Largest Position

Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,568,086 shares of the e-commerce giant's stock after acquiring an additional 391,572 shares during the quarter. Amazon.com makes up approximately 3.4% of Sumitomo Mitsui Trust Group Inc.'s holdings, making the stock its 4th biggest position. Sumitomo Mitsui Trust Group Inc. owned approximately 0.24% of Amazon.com worth $4,864,584,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Tallon Kerry Patrick acquired a new stake in Amazon.com during the fourth quarter worth approximately $800,000. LaFleur & Godfrey LLC lifted its holdings in shares of Amazon.com by 1.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock worth $10,839,000 after buying an additional 860 shares in the last quarter. Brighton Jones LLC lifted its holdings in shares of Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after buying an additional 397,007 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Amazon.com during the fourth quarter worth $301,650,000. Finally, Revolve Wealth Partners LLC lifted its holdings in shares of Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after buying an additional 986 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Up 1.6%

NASDAQ:AMZN traded up $3.63 during mid-day trading on Thursday, hitting $231.92. 30,348,364 shares of the company's stock traded hands, compared to its average volume of 44,180,793. The company has a fifty day moving average of $214.60 and a 200 day moving average of $208.81. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a market capitalization of $2.46 trillion, a P/E ratio of 37.77, a P/E/G ratio of 1.70 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the prior year, the business earned $0.98 earnings per share. The company's revenue was up 8.6% compared to the same quarter last year. On average, analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AMZN. DA Davidson dropped their target price on Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a report on Monday, April 14th. Westpark Capital reaffirmed a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Raymond James Financial reiterated an "outperform" rating and issued a $195.00 target price (down previously from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Royal Bank Of Canada reduced their price target on Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, Wedbush reissued an "outperform" rating and set a $235.00 target price (up from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Three 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's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $254.33.

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 legal filing with the SEC, which is available through this link. Insiders sold a total of 20,947,939 shares of company stock valued at $4,720,588,785 in the last quarter. Company insiders own 9.70% of the company's stock.

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.