Mitsubishi UFJ Asset Management UK Ltd. Reduces Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Mitsubishi UFJ Asset Management UK Ltd. trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 22.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,400 shares of the e-commerce giant's stock after selling 9,100 shares during the period. Amazon.com accounts for 3.0% of Mitsubishi UFJ Asset Management UK Ltd.'s investment portfolio, making the stock its 6th biggest holding. Mitsubishi UFJ Asset Management UK Ltd.'s holdings in Amazon.com were worth $5,851,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of AMZN. Vanguard Group Inc. grew its stake in shares of Amazon.com by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant's stock valued at $141,744,609,000 after buying an additional 14,724,687 shares in the last quarter. Capital Research Global Investors increased its stake in shares of Amazon.com by 8.5% during the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant's stock worth $15,689,968,000 after purchasing an additional 6,810,145 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Amazon.com by 1.5% in the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant's stock valued at $13,466,933,000 after purchasing an additional 1,042,177 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Amazon.com by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant's stock worth $13,091,909,000 after purchasing an additional 289,532 shares in the last quarter. Finally, Capital International Investors increased its position in Amazon.com by 7.4% during the first quarter. Capital International Investors now owns 42,370,172 shares of the e-commerce giant's stock worth $7,642,732,000 after buying an additional 2,932,192 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insiders Place Their Bets

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares of the company's stock, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP David Zapolsky sold 2,190 shares of the company's stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 3.39 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,011,423 shares of company stock worth $1,249,093,896. 10.80% of the stock is currently owned by insiders.

Amazon.com Trading Down 1.8 %

Shares of AMZN stock traded down $3.64 during trading hours on Wednesday, hitting $200.97. 17,730,260 shares of the company's stock traded hands, compared to its average volume of 41,455,887. The stock has a market cap of $2.11 trillion, a PE ratio of 43.07, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14. The stock's 50 day simple moving average is $192.19 and its 200 day simple moving average is $186.06. 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, Inc. has a 12 month low of $141.50 and a 12 month high of $215.90.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the previous year, the business earned $0.85 EPS. The business's quarterly revenue was up 11.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 5.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. TD Cowen raised their target price on Amazon.com from $230.00 to $240.00 and gave the company a "buy" rating in a report on Friday, November 1st. Wells Fargo & Company reiterated an "equal weight" rating and issued a $197.00 price objective on shares of Amazon.com in a research note on Wednesday. JMP Securities lifted their price objective on Amazon.com from $265.00 to $285.00 and gave the stock a "market outperform" rating in a research note on Friday, November 1st. Truist Financial raised their target price on Amazon.com from $265.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, Evercore ISI raised their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $235.77.

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.