Tokio Marine Asset Management Co. Ltd. reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,131 shares of the e-commerce giant’s stock after selling 144 shares during the quarter. Amazon.com comprises approximately 5.0% of Tokio Marine Asset Management Co. Ltd.’s portfolio, making the stock its biggest position. Tokio Marine Asset Management Co. Ltd.’s holdings in Amazon.com were worth $28,304,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Spirit of America Management Corp NY purchased a new position in Amazon.com in the third quarter worth $110,000. Capital Investment Services of America Inc. acquired a new stake in Amazon.com in the third quarter valued at $200,000. Chessman Wealth Strategies RIA acquired a new stake in shares of Amazon.com during the third quarter valued at $200,000. Armstrong Henry H Associates Inc. acquired a new stake in shares of Amazon.com during the third quarter valued at $200,000. Finally, Arlington Partners LLC acquired a new stake in shares of Amazon.com during the third quarter valued at $200,000. 77.71% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:AMZN traded up $2.78 during mid-day trading on Monday, hitting $1,591.00. 3,303,047 shares of the company traded hands, compared to its average volume of 6,158,642. The company has a market cap of $780.14 billion, a P/E ratio of 79.00, a PEG ratio of 2.23 and a beta of 1.62. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 1.10. Amazon.com, Inc. has a 52-week low of $1,307.00 and a 52-week high of $2,050.50.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, January 31st. The e-commerce giant reported $6.04 EPS for the quarter, beating the consensus estimate of $5.55 by $0.49. The business had revenue of $72.38 billion for the quarter, compared to the consensus estimate of $71.73 billion. Amazon.com had a return on equity of 27.02% and a net margin of 4.33%. During the same period last year, the business posted $2.16 EPS. Analysts predict that Amazon.com, Inc. will post 26.47 earnings per share for the current year.
In other Amazon.com news, VP Shelley Reynolds sold 437 shares of Amazon.com stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $1,573.11, for a total transaction of $687,449.07. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Daniel P. Huttenlocher sold 181 shares of Amazon.com stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $1,579.89, for a total value of $285,960.09. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,503 shares of company stock worth $8,552,040. Company insiders own 16.30% of the company’s stock.
A number of research firms recently commented on AMZN. Wedbush set a $2,100.00 price objective on Amazon.com and gave the company a “buy” rating in a research note on Tuesday, October 23rd. UBS Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, October 26th. BidaskClub raised Amazon.com from a “sell” rating to a “hold” rating in a research note on Friday, January 4th. Citigroup reaffirmed an “in-line” rating and set a $2,000.00 price objective on shares of Amazon.com in a research note on Friday, February 1st. Finally, Goldman Sachs Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, February 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and forty-four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $2,107.33.
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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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