Mizuho Trust & Banking Co. Ltd. boosted its position in Amazon.com Inc. (NASDAQ:AMZN) by 1.0% during the second quarter, Holdings Channel reports. The fund owned 631,630 shares of the e-commerce giant’s stock after buying an additional 6,485 shares during the period. Amazon.com comprises approximately 1.4% of Mizuho Trust & Banking Co. Ltd.’s holdings, making the stock its 7th largest position. Mizuho Trust & Banking Co. Ltd.’s holdings in Amazon.com were worth $452,007,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Parametric Risk Advisors LLC bought a new stake in shares of Amazon.com during the first quarter worth $207,000. Tiverton Asset Management LLC increased its stake in shares of Amazon.com by 6.7% in the first quarter. Tiverton Asset Management LLC now owns 96,025 shares of the e-commerce giant’s stock worth $57,004,000 after buying an additional 6,025 shares in the last quarter. Barr E S & Co. increased its stake in shares of Amazon.com by 4,519.5% in the first quarter. Barr E S & Co. now owns 13,720 shares of the e-commerce giant’s stock worth $8,145,000 after buying an additional 13,423 shares in the last quarter. AXA increased its stake in shares of Amazon.com by 2.6% in the first quarter. AXA now owns 259,891 shares of the e-commerce giant’s stock worth $154,282,000 after buying an additional 6,598 shares in the last quarter. Finally, Pictet Asset Management Ltd. increased its stake in shares of Amazon.com by 1.6% in the first quarter. Pictet Asset Management Ltd. now owns 298,656 shares of the e-commerce giant’s stock worth $165,013,000 after buying an additional 4,800 shares in the last quarter. 65.47% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Amazon.com Inc. (NASDAQ:AMZN) traded down 5.14% during midday trading on Friday, hitting $776.32. 10,841,073 shares of the company were exchanged. Amazon.com Inc. has a one year low of $474.00 and a one year high of $847.21. The firm has a market capitalization of $368.88 billion, a price-to-earnings ratio of 177.85 and a beta of 1.20. The firm’s 50 day moving average price is $810.87 and its 200 day moving average price is $742.15.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 27th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.80 by $0.28. Amazon.com had a return on equity of 14.13% and a net margin of 1.64%. The business had revenue of $32.71 billion for the quarter, compared to the consensus estimate of $32.69 billion. During the same period in the previous year, the firm earned $0.17 earnings per share. The company’s revenue was up 29.0% compared to the same quarter last year. Analysts forecast that Amazon.com Inc. will post $5.86 EPS for the current fiscal year.
AMZN has been the topic of several research reports. Morgan Stanley lifted their price target on shares of Amazon.com from $800.00 to $950.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 5th. Royal Bank Of Canada decreased their price target on shares of Amazon.com from $1,000.00 to $840.00 and set an “outperform” rating on the stock in a research note on Friday, September 16th. Cowen and Company reissued an “outperform” rating and set a $960.00 price target on shares of Amazon.com in a research note on Wednesday, October 12th. Evercore ISI reissued a “buy” rating on shares of Amazon.com in a research note on Monday, July 18th. Finally, Vetr raised shares of Amazon.com from a “hold” rating to a “buy” rating and set a $768.81 price target on the stock in a research note on Monday, July 18th. Four equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $914.96.
In other news, CEO Andrew R. Jassy sold 14,000 shares of the company’s stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $800.00, for a total value of $11,200,000.00. Following the sale, the chief executive officer now directly owns 68,141 shares of the company’s stock, valued at approximately $54,512,800. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Shelley Reynolds sold 625 shares of the company’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $770.10, for a total transaction of $481,312.50. Following the completion of the sale, the vice president now directly owns 6,519 shares in the company, valued at $5,020,281.90. The disclosure for this sale can be found here. Company insiders own 17.70% of the company’s stock.
Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).