Sompo Japan Nipponkoa Asset Management CO. LTD. trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 7.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,297 shares of the e-commerce giant’s stock after selling 600 shares during the quarter. Amazon.com makes up 2.8% of Sompo Japan Nipponkoa Asset Management CO. LTD.’s portfolio, making the stock its 6th biggest position. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Amazon.com were worth $12,403,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in AMZN. Lee Financial Co grew its position in shares of Amazon.com by 154.3% in the 1st quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock valued at $129,000 after purchasing an additional 54 shares during the period. Point72 Asia Hong Kong Ltd acquired a new position in shares of Amazon.com in the 1st quarter valued at approximately $145,000. Legacy Advisors LLC grew its position in shares of Amazon.com by 47.1% in the 2nd quarter. Legacy Advisors LLC now owns 103 shares of the e-commerce giant’s stock valued at $175,000 after purchasing an additional 33 shares during the period. JJJ Advisors Inc. acquired a new position in shares of Amazon.com in the 2nd quarter valued at approximately $175,000. Finally, WP Advisors LLC acquired a new position in shares of Amazon.com in the 2nd quarter valued at approximately $177,000. Hedge funds and other institutional investors own 56.59% of the company’s stock.
In related news, SVP David Zapolsky sold 1,927 shares of the stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $1,899.96, for a total value of $3,661,222.92. Following the sale, the senior vice president now owns 3,161 shares in the company, valued at approximately $6,005,773.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Patricia Q. Stonesifer sold 1,375 shares of the stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $1,678.99, for a total value of $2,308,611.25. Following the completion of the sale, the director now owns 9,127 shares in the company, valued at approximately $15,324,141.73. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,327 shares of company stock worth $64,744,896. 16.30% of the stock is owned by company insiders.
AMZN opened at $1,712.43 on Friday. Amazon.com, Inc. has a 1-year low of $1,121.63 and a 1-year high of $2,050.50. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $858.38 billion, a P/E ratio of 108.03, a price-to-earnings-growth ratio of 3.36 and a beta of 1.70.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating analysts’ consensus estimates of $3.29 by $2.46. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. The business had revenue of $56.58 billion for the quarter, compared to analysts’ expectations of $57.05 billion. As a group, equities analysts expect that Amazon.com, Inc. will post 19.37 earnings per share for the current year.
Several equities analysts recently issued reports on the company. Nomura reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, July 27th. Canaccord Genuity boosted their price objective on Amazon.com from $2,000.00 to $2,100.00 and gave the company a “buy” rating in a research report on Friday, July 27th. Morgan Stanley reiterated a “buy” rating on shares of Amazon.com in a research report on Friday. BidaskClub upgraded Amazon.com from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Macquarie reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, July 27th. Four analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $2,091.53.
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Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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