Amazon.com, Inc. (AMZN) is Sompo Japan Nipponkoa Asset Management CO. LTD.’s 6th Largest Position

Sompo Japan Nipponkoa Asset Management CO. LTD. trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 7.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 7,297 shares of the e-commerce giant’s stock after selling 600 shares during the period. Amazon.com makes up 2.8% of Sompo Japan Nipponkoa Asset Management CO. LTD.’s portfolio, making the stock its 6th biggest holding. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Amazon.com were worth $12,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JJJ Advisors Inc. bought a new stake in shares of Amazon.com during the 2nd quarter worth $175,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Amazon.com by 31.1% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,285 shares of the e-commerce giant’s stock worth $139,868,000 after buying an additional 19,500 shares during the last quarter. Vista Equity Partners Management LLC lifted its position in shares of Amazon.com by 44.3% during the 1st quarter. Vista Equity Partners Management LLC now owns 12,827 shares of the e-commerce giant’s stock worth $18,565,000 after buying an additional 3,936 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Amazon.com by 5.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 25,537 shares of the e-commerce giant’s stock worth $43,408,000 after buying an additional 1,342 shares during the last quarter. Finally, Buffington Mohr McNeal lifted its position in shares of Amazon.com by 13.8% during the 2nd quarter. Buffington Mohr McNeal now owns 666 shares of the e-commerce giant’s stock worth $1,132,000 after buying an additional 81 shares during the last quarter. 56.59% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Jeffrey P. Bezos sold 16,964 shares of the firm’s stock in a transaction that occurred on Monday, October 29th. The stock was sold at an average price of $1,632.23, for a total transaction of $27,689,149.72. Following the completion of the sale, the chief executive officer now owns 78,884,539 shares of the company’s stock, valued at $128,757,711,091.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Patricia Q. Stonesifer sold 1,375 shares of the firm’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $1,678.99, for a total value of $2,308,611.25. Following the sale, the director now directly owns 9,127 shares of the company’s stock, valued at approximately $15,324,141.73. The disclosure for this sale can be found here. Insiders have sold 36,327 shares of company stock valued at $64,744,896 in the last ninety days. 16.30% of the stock is currently owned by insiders.

AMZN has been the subject of several recent analyst reports. Royal Bank of Canada restated a “$1,842.92” rating on shares of Amazon.com in a research report on Wednesday, July 18th. Morgan Stanley restated a “buy” rating on shares of Amazon.com in a research report on Tuesday, July 17th. Credit Suisse Group reiterated a “buy” rating and issued a $2,000.00 target price (up from $1,950.00) on shares of Amazon.com in a research report on Monday, July 16th. Jefferies Financial Group reiterated a “buy” rating on shares of Amazon.com in a research report on Monday, July 16th. Finally, Barclays reiterated a “buy” rating on shares of Amazon.com in a research report on Monday, July 16th. Four analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the stock. Amazon.com currently has an average rating of “Buy” and an average target price of $2,091.53.

Shares of AMZN opened at $1,712.43 on Friday. Amazon.com, Inc. has a 1 year low of $1,121.63 and a 1 year high of $2,050.50. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.63. The stock has a market cap of $858.38 billion, a PE ratio of 108.03, a P/E/G ratio of 3.36 and a beta of 1.70.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.29 by $2.46. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. The company had revenue of $56.58 billion during the quarter, compared to the consensus estimate of $57.05 billion. On average, research analysts anticipate that Amazon.com, Inc. will post 19.37 EPS for the current fiscal year.

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Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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