Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Amazon.com Inc. (NASDAQ:AMZN) by 4.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 18,232 shares of the e-commerce giant’s stock after buying an additional 744 shares during the period. Amazon.com accounts for 1.3% of Tokio Marine Asset Management Co. Ltd.’s investment portfolio, making the stock its 13th largest position. Tokio Marine Asset Management Co. Ltd.’s holdings in Amazon.com were worth $13,047,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. Bank of Montreal Can acquired a new stake in Amazon.com during the second quarter worth approximately $341,933,000. Suvretta Capital Management LLC acquired a new stake in Amazon.com during the first quarter worth approximately $147,407,000. NN Investment Partners Holdings N.V. acquired a new stake in Amazon.com during the first quarter worth approximately $96,403,000. BlackRock Institutional Trust Company N.A. boosted its stake in Amazon.com by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 9,968,586 shares of the e-commerce giant’s stock worth $5,917,751,000 after buying an additional 156,823 shares during the last quarter. Finally, Tybourne Capital Management HK Ltd. boosted its stake in Amazon.com by 41.7% in the first quarter. Tybourne Capital Management HK Ltd. now owns 505,337 shares of the e-commerce giant’s stock worth $299,988,000 after buying an additional 148,690 shares during the last quarter. Institutional investors and hedge funds own 65.44% of the company’s stock.
Amazon.com Inc. (NASDAQ:AMZN) traded down 0.32% during trading on Thursday, reaching $841.66. The company had a trading volume of 2,684,013 shares. The firm has a 50-day moving average of $787.49 and a 200-day moving average of $716.23. The stock has a market capitalization of $399.01 billion, a price-to-earnings ratio of 209.32 and a beta of 1.20. Amazon.com Inc. has a 1-year low of $474.00 and a 1-year high of $847.21.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.67. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. The firm had revenue of $30.40 billion for the quarter, compared to analyst estimates of $29.54 billion. During the same quarter last year, the company posted $0.19 earnings per share. The business’s revenue was up 31.1% on a year-over-year basis. On average, analysts anticipate that Amazon.com Inc. will post $5.85 EPS for the current fiscal year.
Several equities research analysts recently weighed in on the company. JMP Securities reissued a “buy” rating on shares of Amazon.com in a report on Sunday, July 17th. Bank of America Corp. reissued a “buy” rating and issued a $840.00 price objective on shares of Amazon.com in a report on Sunday, July 17th. Deutsche Bank AG reissued a “buy” rating and issued a $900.00 price objective on shares of Amazon.com in a report on Sunday, July 10th. Zacks Investment Research lowered Amazon.com from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Finally, William Blair reissued an “outperform” rating on shares of Amazon.com in a report on Friday, July 29th. Seven analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $889.55.
In other Amazon.com news, VP Shelley Reynolds sold 625 shares of Amazon.com stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $770.10, for a total value of $481,312.50. Following the sale, the vice president now owns 6,519 shares of the company’s stock, valued at approximately $5,020,281.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey M. Blackburn sold 10,000 shares of Amazon.com stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $760.98, for a total value of $7,609,800.00. Following the completion of the sale, the insider now directly owns 55,887 shares in the company, valued at approximately $42,528,889.26. The disclosure for this sale can be found here. 17.70% of the stock is owned by company insiders.
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).