Rakuten Securities Inc. Sells 15,129 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Rakuten Securities Inc. reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 63.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,612 shares of the e-commerce giant's stock after selling 15,129 shares during the period. Amazon.com comprises 0.7% of Rakuten Securities Inc.'s investment portfolio, making the stock its 27th largest position. Rakuten Securities Inc.'s holdings in Amazon.com were worth $1,605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Legal & General Group Plc raised its position in Amazon.com by 1.5% during 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 raised its holdings in shares of Amazon.com by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant's stock valued at $13,091,909,000 after acquiring an additional 289,532 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Amazon.com by 3.4% in the second quarter. Ameriprise Financial Inc. now owns 40,973,804 shares of the e-commerce giant's stock worth $7,917,906,000 after acquiring an additional 1,329,150 shares during the period. International Assets Investment Management LLC boosted its holdings in Amazon.com by 20,897.2% in the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant's stock valued at $72,921,080,000 after acquiring an additional 38,949,065 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Amazon.com by 1.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 31,883,977 shares of the e-commerce giant's stock valued at $6,161,579,000 after purchasing an additional 464,938 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

AMZN traded up $1.38 during midday trading on Monday, reaching $226.30. The company had a trading volume of 9,827,518 shares, compared to its average volume of 41,290,434. The business has a 50-day moving average of $205.83 and a two-hundred day moving average of $191.38. 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 1 year low of $144.05 and a 1 year high of $233.00. The company has a market cap of $2.38 trillion, a P/E ratio of 48.46, a P/E/G ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same period in the prior year, the firm posted $0.85 EPS. The firm's quarterly revenue was up 11.0% compared to the same quarter last year. As a group, equities research analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AMZN. TD Cowen lifted their target price on shares of Amazon.com from $240.00 to $265.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Mizuho upped their target price on Amazon.com from $240.00 to $260.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. Telsey Advisory Group lifted their price target on Amazon.com from $215.00 to $235.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. BMO Capital Markets reiterated an "outperform" rating and issued a $236.00 price objective on shares of Amazon.com in a report on Tuesday, December 3rd. Finally, Wells Fargo & Company restated an "equal weight" rating and set a $197.00 target price on shares of Amazon.com in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $243.00.

Insider Activity

In related news, SVP David Zapolsky sold 2,190 shares of the firm's stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares of the company's stock, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,034,534 shares of company stock worth $1,253,883,872 in the last three months. Company insiders own 10.80% of the company's stock.

Amazon.com 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.