Sumitomo Mitsui Trust Group Inc. Has $4.58 Billion Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Sumitomo Mitsui Trust Group Inc. raised its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,580,604 shares of the e-commerce giant's stock after purchasing an additional 667,382 shares during the period. Amazon.com accounts for approximately 3.2% of Sumitomo Mitsui Trust Group Inc.'s investment portfolio, making the stock its 4th biggest position. Sumitomo Mitsui Trust Group Inc. owned approximately 0.23% of Amazon.com worth $4,580,104,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. PayPay Securities Corp increased its position in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock worth $32,000 after buying an additional 64 shares during the period. Hoese & Co LLP acquired a new stake in Amazon.com in the 3rd quarter worth about $37,000. Bull Oak Capital LLC bought a new stake in Amazon.com in the 3rd quarter valued at about $45,000. Christopher J. Hasenberg Inc grew its position in shares of Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock worth $58,000 after purchasing an additional 260 shares in the last quarter. Finally, Values First Advisors Inc. bought a new position in shares of Amazon.com during the third quarter worth approximately $56,000. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 5,502 shares of Amazon.com stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $205.81, for a total value of $1,132,366.62. Following the sale, the chief executive officer now owns 518,911 shares of the company's stock, valued at approximately $106,797,072.91. The trade was a 1.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares of the company's stock, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,034,534 shares of company stock worth $1,253,883,872. 10.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AMZN shares. Jefferies Financial Group raised their price objective on Amazon.com from $235.00 to $275.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. Scotiabank upped their target price on Amazon.com from $245.00 to $246.00 and gave the stock a "sector outperform" rating in a research note on Friday, November 1st. Moffett Nathanson boosted their price target on Amazon.com from $235.00 to $248.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. JMP Securities reaffirmed a "market outperform" rating and issued a $285.00 price objective on shares of Amazon.com in a research note on Monday, December 16th. Finally, Bank of America boosted their target price on Amazon.com from $210.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $243.00.

Amazon.com Stock Up 0.6 %

AMZN stock traded up $1.38 during mid-day trading on Monday, reaching $226.30. 9,827,518 shares of the company traded hands, compared to its average volume of 41,290,434. The stock has a market cap of $2.38 trillion, a price-to-earnings ratio of 48.46, a P/E/G ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a fifty-two week low of $144.05 and a fifty-two week high of $233.00. The firm's 50 day moving average price is $205.83 and its 200 day moving average price is $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 (NASDAQ:AMZN - Get Free Report) last announced its quarterly 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. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Amazon.com's revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.85 earnings per share. As a group, equities research analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

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.