Amazon.com, Inc. (NASDAQ:AMZN) is Meiji Yasuda Asset Management Co Ltd.’s 4th Largest Position

Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 317,914 shares of the e-commerce giant’s stock after purchasing an additional 17,832 shares during the period. Amazon.com accounts for 2.5% of Meiji Yasuda Asset Management Co Ltd.’s investment portfolio, making the stock its 4th biggest position. Meiji Yasuda Asset Management Co Ltd.’s holdings in Amazon.com were worth $61,437,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Amazon.com by 1.9% during the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after purchasing an additional 14,724,687 shares during the period. Capital Research Global Investors increased its holdings in shares of Amazon.com by 8.5% during the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after purchasing an additional 6,810,145 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Amazon.com by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock valued at $13,091,909,000 after purchasing an additional 289,532 shares during the period. Jennison Associates LLC increased its holdings in shares of Amazon.com by 0.5% during the first quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock valued at $10,221,446,000 after purchasing an additional 295,132 shares during the period. Finally, Capital International Investors increased its holdings in shares of Amazon.com by 7.4% during the first quarter. Capital International Investors now owns 42,370,172 shares of the e-commerce giant’s stock valued at $7,642,732,000 after purchasing an additional 2,932,192 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AMZN. Pivotal Research began coverage on Amazon.com in a report on Friday, October 11th. They set a “buy” rating and a $260.00 price target on the stock. DA Davidson reaffirmed a “buy” rating and set a $235.00 target price on shares of Amazon.com in a report on Thursday, October 10th. BMO Capital Markets reaffirmed an “outperform” rating and set a $230.00 target price on shares of Amazon.com in a report on Thursday, September 19th. Wells Fargo & Company lowered Amazon.com from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $225.00 to $183.00 in a report on Monday, October 7th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $240.00 target price on shares of Amazon.com in a report on Friday, October 11th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $236.78.

Amazon.com Stock Up 0.8 %

Shares of AMZN stock opened at $188.99 on Friday. The stock’s 50 day simple moving average is $181.98 and its 200 day simple moving average is $183.41. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20. The company has a market capitalization of $1.97 trillion, a price-to-earnings ratio of 52.94, a PEG ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share 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 for the quarter, compared to the consensus estimate of $148.63 billion. As a group, research analysts predict that Amazon.com, Inc. will post 4.85 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total value of $662,375.00. Following the transaction, the chief executive officer now directly owns 503,753 shares of the company’s stock, valued at $95,335,255.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the transaction, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at $8,820,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total value of $662,375.00. Following the completion of the transaction, the chief executive officer now directly owns 503,753 shares in the company, valued at approximately $95,335,255.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 54,355 shares of company stock valued at $9,877,423 in the last three months. Company insiders own 10.80% of the company’s stock.

Amazon.com 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.