Daiwa Securities Group Inc. lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 3.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,610,909 shares of the e-commerce giant’s stock after purchasing an additional 55,370 shares during the period. Amazon.com makes up about 1.2% of Daiwa Securities Group Inc.’s investment portfolio, making the stock its 22nd biggest position. Daiwa Securities Group Inc.’s holdings in Amazon.com were worth $166,391,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Bridgefront Capital LLC acquired a new stake in Amazon.com during the 1st quarter worth $228,000. Krane Funds Advisors LLC grew its position in shares of Amazon.com by 239.1% in the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after purchasing an additional 55 shares during the period. Range Financial Group LLC bought a new stake in Amazon.com during the 1st quarter worth approximately $258,000. My Personal CFO LLC acquired a new stake in Amazon.com during the 1st quarter worth approximately $261,000. Finally, Worth Asset Management LLC bought a new position in Amazon.com in the first quarter valued at approximately $191,000. Institutional investors and hedge funds own 56.67% of the company’s stock.
Amazon.com Stock Up 8.3 %
AMZN stock opened at $139.57 on Monday. The stock has a market cap of $1.43 trillion, a price-to-earnings ratio of 109.90, a price-to-earnings-growth ratio of 2.67 and a beta of 1.26. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $146.57. The company’s 50 day moving average is $128.34 and its 200 day moving average is $111.22.
Analysts Set New Price Targets
AMZN has been the topic of a number of research analyst reports. Piper Sandler raised their price objective on shares of Amazon.com from $130.00 to $150.00 in a report on Wednesday, June 7th. Evercore ISI upped their price objective on Amazon.com from $150.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday. Wedbush boosted their target price on Amazon.com from $146.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday. Citigroup raised their price target on shares of Amazon.com from $145.00 to $167.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Canaccord Genuity Group boosted their price objective on shares of Amazon.com from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $156.71.
In other news, CEO Andrew R. Jassy sold 21,925 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $115.37, for a total value of $2,529,487.25. Following the transaction, the chief executive officer now owns 1,997,681 shares in the company, valued at $230,472,456.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Andrew R. Jassy sold 21,925 shares of the firm’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $115.37, for a total value of $2,529,487.25. Following the sale, the chief executive officer now directly owns 1,997,681 shares of the company’s stock, valued at $230,472,456.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $115.60, for a total transaction of $358,360.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $13,846,568. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,305 shares of company stock valued at $8,606,808. 12.30% of the stock is currently owned by insiders.
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company’s products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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