Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 329,362 shares of the e-commerce giant's stock after acquiring an additional 11,905 shares during the quarter. Amazon.com comprises approximately 2.7% of Meiji Yasuda Asset Management Co Ltd.'s holdings, making the stock its 4th largest holding. Meiji Yasuda Asset Management Co Ltd.'s holdings in Amazon.com were worth $72,259,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in AMZN. Baxter Bros Inc. lifted its holdings in Amazon.com by 3.2% during the fourth quarter. Baxter Bros Inc. now owns 31,002 shares of the e-commerce giant's stock worth $6,802,000 after buying an additional 971 shares during the period. Keystone Investors PTE Ltd. boosted its holdings in Amazon.com by 183.0% in the fourth quarter. Keystone Investors PTE Ltd. now owns 481,238 shares of the e-commerce giant's stock valued at $105,579,000 after purchasing an additional 311,214 shares during the last quarter. Bay Capital Advisors LLC purchased a new stake in Amazon.com in the 4th quarter worth approximately $616,000. Potentia Wealth purchased a new position in shares of Amazon.com during the 4th quarter valued at approximately $1,758,000. Finally, PKS Advisory Services LLC purchased a new position in shares of Amazon.com in the 4th quarter valued at about $4,017,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,620 shares of Amazon.com stock in a transaction on Friday, February 21st. The shares were sold at an average price of $223.14, for a total value of $3,262,306.80. Following the completion of the transaction, the chief financial officer now owns 49,000 shares of the company's stock, valued at $10,933,860. The trade was a 22.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total value of $1,256,648.44. Following the sale, the chief executive officer now directly owns 505,318 shares in the company, valued at approximately $115,434,843.92. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,798 shares of company stock worth $23,341,803. 10.80% of the stock is owned by insiders.

Amazon.com Stock Performance

AMZN stock traded up $2.45 during midday trading on Friday, hitting $188.99. 36,349,105 shares of the stock traded hands, compared to its average volume of 41,913,658. The firm has a market cap of $2.00 trillion, a P/E ratio of 34.18, a PEG ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The stock's fifty day simple moving average is $193.52 and its 200-day simple moving average is $207.75. 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 (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating 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%. On average, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of research reports. Rosenblatt Securities raised their target price on shares of Amazon.com from $236.00 to $287.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Oppenheimer upped their price target on Amazon.com from $230.00 to $260.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Piper Sandler restated an "overweight" rating and set a $265.00 target price (up previously from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. JMP Securities reduced their target price on Amazon.com from $285.00 to $240.00 and set a "market outperform" rating for the company in a report on Monday, April 14th. Finally, Loop Capital raised their price objective on shares of Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $247.56.

About Amazon.com

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.