2 weeks Ago By ABMN Staff
FUKOKU MUTUAL LIFE INSURANCE Co cut its stake in Amazon.com, Inc. ( NASDAQ:AMZN ) by 2.
0% in the fourth quarter, Holdings Channel reports. The fund owned 141,500 shares of the e-commerce giant’s stock after selling 2,816 shares during the period. Amazon.
com accounts for about 2.2% of FUKOKU MUTUAL LIFE INSURANCE Co’s portfolio, making the stock its 11th largest holding. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Amazon.
com were worth $31,044,000 as of its most recent SEC filing. Several other institutional investors have also modified their holdings of the stock. Mn Services Vermogensbeheer B.
V. grew its holdings in shares of Amazon.com by 2.
1% in the fourth quarter. Mn Services Vermogensbeheer B.V.
now owns 3,143,300 shares of the e-commerce giant’s stock valued at $689,609,000 after purchasing an additional 63,700 shares during the period. Central Asset Investments & Management Holdings HK Ltd boosted its holdings in Amazon.com by 958.
5% in the 4th quarter. Central Asset Investments & Management Holdings HK Ltd now owns 50,026 shares of the e-commerce giant’s stock valued at $10,975,000 after purchasing an additional 45,300 shares during the last quarter. MKD Wealth Coaches LLC purchased a new stake in shares of Amazon.
com in the 4th quarter valued at approximately $501,000. K.J.
Harrison & Partners Inc increased its holdings in shares of Amazon.com by 14.5% during the 4th quarter.
K.J. Harrison & Partners Inc now owns 109,029 shares of the e-commerce giant’s stock worth $24,010,000 after buying an additional 13,835 shares during the last quarter.
Finally, New York Life Investment Management LLC raised its position in shares of Amazon.com by 7.7% during the 4th quarter.
New York Life Investment Management LLC now owns 1,345,690 shares of the e-commerce giant’s stock valued at $295,231,000 after buying an additional 96,469 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Insider Activity In other news, CEO Douglas J. Herrington sold 5,501 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.
44, for a total transaction of $1,256,648.44. Following the transaction, the chief executive officer now directly owns 505,318 shares in the company, valued at approximately $115,434,843.
92. This trade represents a 1.08 % decrease in their ownership of the stock.
The sale was disclosed in a legal filing with the SEC, which is accessible through this link . Also, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.
47, for a total transaction of $1,965,077.51. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.
60. This trade represents a 6.87 % decrease in their position.
The disclosure for this sale can be found here . In the last three months, insiders sold 102,298 shares of company stock valued at $22,871,828. Insiders own 10.
80% of the company’s stock. Amazon.com Stock Down 4.
3 % Amazon.com ( NASDAQ:AMZN – Get Free Report ) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.
86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34.
Amazon.com had a net margin of 9.29% and a return on equity of 24.
25%. Research analysts expect that Amazon.com, Inc.
will post 6.31 earnings per share for the current fiscal year. Analyst Upgrades and Downgrades Several equities research analysts have issued reports on the company.
Morgan Stanley raised their target price on Amazon.com from $230.00 to $280.
00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. DA Davidson raised their price objective on Amazon.com from $235.
00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Cantor Fitzgerald restated an “overweight” rating and issued a $270.
00 price objective on shares of Amazon.com in a report on Friday, February 7th. Benchmark increased their target price on shares of Amazon.
com from $215.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th.
Finally, Mizuho boosted their price target on shares of Amazon.com from $240.00 to $260.
00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.
com, the stock currently has an average rating of “Moderate Buy” and an average price target of $260.65. Read Our Latest Research Report on Amazon.
com About Amazon.com ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Amazon.com, Inc. ( NASDAQ:AMZN – Free Report ).
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