Nomura Asset Management Co. Ltd. Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Nomura Asset Management Co. Ltd. boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,400,725 shares of the e-commerce giant's stock after buying an additional 320,903 shares during the period. Amazon.com makes up approximately 2.9% of Nomura Asset Management Co. Ltd.'s portfolio, making the stock its 5th biggest position. Nomura Asset Management Co. Ltd.'s holdings in Amazon.com were worth $965,475,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Swedbank AB grew its position in shares of Amazon.com by 1.4% during the third quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant's stock worth $2,484,864,000 after acquiring an additional 183,610 shares during the last quarter. Sassicaia Capital Advisers LLC acquired a new stake in Amazon.com during the 3rd quarter worth $279,000. Howard Capital Management Group LLC grew its position in Amazon.com by 0.3% during the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock worth $66,434,000 after purchasing an additional 897 shares during the last quarter. Principal Financial Group Inc. increased its stake in Amazon.com by 5.1% in the third quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant's stock valued at $3,757,589,000 after purchasing an additional 984,570 shares during the period. Finally, Strengthening Families & Communities LLC boosted its stake in shares of Amazon.com by 2.4% during the third quarter. Strengthening Families & Communities LLC now owns 53,010 shares of the e-commerce giant's stock worth $9,877,000 after buying an additional 1,241 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity

In related news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the transaction, the chief executive officer now owns 2,118,886 shares of the company's stock, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the sale, the vice president now owns 119,780 shares of the company's stock, valued at $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock valued at $23,341,803 over the last quarter. Company insiders own 10.80% of the company's stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of analyst reports. Truist Financial cut their price objective on shares of Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Bank of America reduced their price objective on shares of Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Jefferies Financial Group dropped their target price on Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Oppenheimer reduced their price target on Amazon.com from $260.00 to $220.00 and set an "outperform" rating for the company in a report on Monday. Finally, Citigroup dropped their price objective on Amazon.com from $273.00 to $225.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Three research analysts have rated the stock with a hold rating and forty-five have assigned a 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 $245.63.

Amazon.com Stock Down 0.4 %

Shares of NASDAQ AMZN traded down $0.85 during mid-day trading on Friday, reaching $189.35. 31,216,677 shares of the company's stock traded hands, compared to its average volume of 41,562,783. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The stock has a market cap of $2.01 trillion, a P/E ratio of 34.12, a PEG ratio of 1.50 and a beta of 1.39. The business has a 50-day simple moving average of $190.94 and a 200 day simple moving average of $207.76.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.98 earnings per share. On average, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.