Sumitomo Mitsui DS Asset Management Company Ltd Has $242.87 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,303,461 shares of the e-commerce giant’s stock after acquiring an additional 54,190 shares during the period. Amazon.com comprises approximately 2.6% of Sumitomo Mitsui DS Asset Management Company Ltd’s holdings, making the stock its 4th largest position. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Amazon.com were worth $242,874,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Marathon Asset Management Ltd purchased a new position in shares of Amazon.com in the third quarter worth $112,623,000. TruWealth Advisors LLC boosted its position in shares of Amazon.com by 0.6% during the third quarter. TruWealth Advisors LLC now owns 184,173 shares of the e-commerce giant’s stock valued at $34,317,000 after buying an additional 1,080 shares during the last quarter. Ellsworth Advisors LLC increased its holdings in Amazon.com by 8.5% in the 3rd quarter. Ellsworth Advisors LLC now owns 1,739 shares of the e-commerce giant’s stock worth $324,000 after buying an additional 136 shares in the last quarter. Drake & Associates LLC raised its position in Amazon.com by 22.3% in the 3rd quarter. Drake & Associates LLC now owns 6,977 shares of the e-commerce giant’s stock worth $1,300,000 after buying an additional 1,273 shares during the last quarter. Finally, Trust Co. of Vermont lifted its stake in Amazon.com by 2.2% during the 3rd quarter. Trust Co. of Vermont now owns 314,803 shares of the e-commerce giant’s stock valued at $58,657,000 after acquiring an additional 6,720 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

AMZN stock opened at $202.61 on Monday. Amazon.com, Inc. has a 52 week low of $139.52 and a 52 week high of $215.90. The firm has a market capitalization of $2.13 trillion, a P/E ratio of 43.39, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14. The company has a fifty day simple moving average of $191.16 and a two-hundred day simple moving average of $185.81. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 EPS. Analysts anticipate that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This trade represents a 1.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,053,349 shares of company stock valued at $1,256,503,289 in the last ninety days. Insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of several research reports. TD Cowen boosted their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. BMO Capital Markets reiterated an “outperform” rating and set a $236.00 price objective (up previously from $230.00) on shares of Amazon.com in a research report on Friday, November 1st. Telsey Advisory Group increased their target price on Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Stifel Nicolaus boosted their price target on Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company lowered shares of Amazon.com from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $225.00 to $183.00 in a research report on Monday, October 7th. Two research analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $235.45.

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.