Mirae Asset Global Investments Co. Ltd. Decreases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Mirae Asset Global Investments Co. Ltd. reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,123,497 shares of the e-commerce giant’s stock after selling 765,017 shares during the quarter. Amazon.com accounts for about 2.2% of Mirae Asset Global Investments Co. Ltd.’s holdings, making the stock its 4th biggest holding. Mirae Asset Global Investments Co. Ltd. owned approximately 0.07% of Amazon.com worth $1,083,273,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AMZN. Mayflower Financial Advisors LLC lifted its stake in shares of Amazon.com by 0.3% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 572 shares during the last quarter. PayPay Securities Corp increased its holdings in Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its position in Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in shares of Amazon.com during the third quarter valued at about $49,000. Finally, Bruce G. Allen Investments LLC bought a new stake in shares of Amazon.com during the fourth quarter worth about $57,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $20,239,226.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the sale, the chief executive officer now owns 116,560 shares in the company, valued at $18,150,723.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,214,010 shares of company stock worth $5,505,889,146. Insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on AMZN. Morgan Stanley lifted their target price on shares of Amazon.com from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Susquehanna boosted their price objective on shares of Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a research note on Friday, February 2nd. The Goldman Sachs Group increased their price objective on Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Moffett Nathanson reaffirmed a “buy” rating and set a $228.00 target price on shares of Amazon.com in a report on Thursday, April 11th. Finally, Stifel Nicolaus raised their price objective on Amazon.com from $200.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $202.80.

Amazon.com Trading Up 1.5 %

NASDAQ AMZN opened at $177.23 on Tuesday. The stock has a market capitalization of $1.84 trillion, a price-to-earnings ratio of 61.11, a PEG ratio of 1.52 and a beta of 1.17. The business’s fifty day moving average is $177.38 and its 200-day moving average is $157.63. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a one year low of $101.15 and a one year high of $189.77.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same quarter in the previous year, the firm posted $0.21 earnings per share. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. Equities research analysts predict that Amazon.com, Inc. will post 4.1 EPS for the current 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.