Norinchukin Bank The Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Norinchukin Bank The lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 8.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 473,052 shares of the e-commerce giant’s stock after purchasing an additional 37,945 shares during the quarter. Amazon.com comprises about 2.2% of Norinchukin Bank The’s portfolio, making the stock its 9th largest holding. Norinchukin Bank The’s holdings in Amazon.com were worth $103,783,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of AMZN. Accordant Advisory Group Inc increased its stake in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after acquiring an additional 100 shares during the period. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com during the 4th quarter valued at about $27,000. LSV Asset Management acquired a new position in shares of Amazon.com during the 4th quarter worth about $35,000. Perritt Capital Management Inc boosted its stake in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 80 shares during the last quarter. Finally, Quattro Financial Advisors LLC raised its holdings in Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after acquiring an additional 45 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of AMZN opened at $210.25 on Thursday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The firm has a market cap of $2.23 trillion, a price-to-earnings ratio of 38.02, a PEG ratio of 1.50 and a beta of 1.30. The business’s 50 day moving average is $188.94 and its two-hundred day moving average is $208.28.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the company earned $0.98 earnings per share. Analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the subject of several recent analyst reports. Jefferies Financial Group cut their target price on Amazon.com from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. boosted their target price on Amazon.com from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Truist Financial decreased their target price on shares of Amazon.com from $265.00 to $230.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Loop Capital boosted their price target on shares of Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Finally, Barclays decreased their target price on Amazon.com from $265.00 to $240.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $244.09.

Insider Activity

In related news, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. This trade represents a 6.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the sale, the chief executive officer now directly owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90. This represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 80,798 shares of company stock worth $17,696,733 over the last three months. Corporate insiders own 9.70% of the company’s stock.

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.