Mizuho Securities Co. Ltd. Grows Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Mizuho Securities Co. Ltd. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 301.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 13,520 shares of the e-commerce giant’s stock after purchasing an additional 10,150 shares during the period. Amazon.com makes up 6.1% of Mizuho Securities Co. Ltd.’s holdings, making the stock its 6th largest holding. Mizuho Securities Co. Ltd.’s holdings in Amazon.com were worth $2,613,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Cooksen Wealth LLC bought a new stake in Amazon.com during the fourth quarter valued at approximately $30,000. PayPay Securities Corp lifted its holdings in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares during the last quarter. Clarity Asset Management Inc. bought a new stake in shares of Amazon.com during the 4th quarter worth $46,000. Christopher J. Hasenberg Inc increased its stake in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 260 shares during the last quarter. Finally, Steph & Co. purchased a new stake in Amazon.com during the first quarter valued at about $65,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Trading Down 1.7 %

Shares of NASDAQ AMZN opened at $187.97 on Monday. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The firm has a 50-day moving average of $178.92 and a 200 day moving average of $182.68. The stock has a market cap of $1.96 trillion, a P/E ratio of 52.65, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The business had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. As a group, sell-side analysts expect that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Wolfe Research started coverage on Amazon.com in a research report on Tuesday, July 16th. They set an “outperform” rating and a $250.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and set a $210.00 price target on shares of Amazon.com in a research note on Thursday, September 12th. UBS Group boosted their price objective on shares of Amazon.com from $217.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $230.00 target price on shares of Amazon.com in a report on Monday, September 23rd. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $230.00 price target on shares of Amazon.com in a research note on Thursday, September 19th. One investment analyst has rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Amazon.com has an average rating of “Buy” and an average price target of $222.84.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 1,463,437 shares of Amazon.com stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $200.08, for a total value of $292,804,474.96. Following the completion of the transaction, the insider now directly owns 935,211,842 shares of the company’s stock, valued at $187,117,185,347.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Jeffrey P. Bezos sold 1,463,437 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $200.08, for a total transaction of $292,804,474.96. Following the completion of the sale, the insider now owns 935,211,842 shares of the company’s stock, valued at $187,117,185,347.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. The disclosure for this sale can be found here. Insiders have sold a total of 6,098,297 shares of company stock worth $1,219,443,957 in the last quarter. Corporate insiders own 10.80% of the company’s stock.

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.