Amazon.com, Inc. (NASDAQ:AMZN) Holdings Lowered by Asahi Life Asset Management CO. LTD.

Asahi Life Asset Management CO. LTD. reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,431 shares of the e-commerce giant's stock after selling 2,502 shares during the quarter. Amazon.com accounts for 3.7% of Asahi Life Asset Management CO. LTD.'s holdings, making the stock its 4th biggest holding. Asahi Life Asset Management CO. LTD.'s holdings in Amazon.com were worth $6,018,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of AMZN. Rench Wealth Management Inc. boosted its holdings in shares of Amazon.com by 7.9% during the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock valued at $9,392,000 after acquiring an additional 3,703 shares in the last quarter. Blankinship & Foster LLC increased its stake in shares of Amazon.com by 216.4% in the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock valued at $1,291,000 after buying an additional 4,740 shares during the period. Umpqua Bank raised its holdings in Amazon.com by 0.4% in the 3rd quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant's stock valued at $6,544,000 after buying an additional 137 shares during the last quarter. One Wealth Capital Management LLC acquired a new stake in Amazon.com during the 4th quarter worth approximately $4,270,000. Finally, Floyd Financial Group LLC bought a new stake in Amazon.com during the 4th quarter worth approximately $4,494,000. Institutional investors own 72.20% of the company's stock.

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Amazon.com Stock Down 9.0 %

Shares of NASDAQ AMZN traded down $17.60 during trading on Thursday, hitting $178.41. The stock had a trading volume of 95,296,225 shares, compared to its average volume of 40,316,435. The firm has a fifty day moving average of $214.60 and a two-hundred day moving average of $209.22. The company has a market capitalization of $1.89 trillion, a PE ratio of 32.26, a PEG ratio of 1.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AMZN shares. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $270.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $275.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Wells Fargo & Company reduced their price target on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 25th. Stifel Nicolaus raised their price objective on Amazon.com from $245.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, DA Davidson raised their price target on shares of Amazon.com from $235.00 to $280.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $260.53.

Insider Activity

In related news, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the transaction, the chief executive officer now directly owns 2,118,886 shares of the company's stock, valued at approximately $467,532,195.90. The trade was a 0.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now owns 497,067 shares of the company's stock, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,798 shares of company stock valued at $23,341,803 over the last three months. 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.