Mitsubishi UFJ Asset Management UK Ltd. trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 29.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,440 shares of the e-commerce giant’s stock after selling 1,000 shares during the quarter. Amazon.com makes up about 0.1% of Mitsubishi UFJ Asset Management UK Ltd.’s portfolio, making the stock its 11th largest holding. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Amazon.com were worth $4,887,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently added to or reduced their stakes in the stock. Spirit of America Management Corp NY acquired a new stake in shares of Amazon.com during the third quarter worth $110,000. Capital Investment Services of America Inc. acquired a new stake in shares of Amazon.com during the third quarter worth $200,000. Chessman Wealth Strategies RIA acquired a new stake in shares of Amazon.com during the third quarter worth $200,000. Legacy Advisors LLC boosted its stake in Amazon.com by 47.1% during the second quarter. Legacy Advisors LLC now owns 103 shares of the e-commerce giant’s stock worth $175,000 after acquiring an additional 33 shares in the last quarter. Finally, JJJ Advisors Inc. bought a new position in Amazon.com during the second quarter worth $175,000. Institutional investors and hedge funds own 55.57% of the company’s stock.
NASDAQ AMZN opened at $1,618.52 on Monday. Amazon.com, Inc. has a 52-week low of $1,265.93 and a 52-week high of $2,050.50. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.08 and a quick ratio of 0.80. The stock has a market cap of $811.40 billion, a P/E ratio of 360.56, a P/E/G ratio of 2.33 and a beta of 1.66.
In other news, CEO Jeffrey A. Wilke sold 1,230 shares of Amazon.com stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $1,506.94, for a total value of $1,853,536.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey P. Bezos sold 16,964 shares of the firm’s stock in a transaction that occurred on Monday, October 29th. The shares were sold at an average price of $1,632.23, for a total transaction of $27,689,149.72. Following the completion of the transaction, the chief executive officer now owns 78,884,539 shares of the company’s stock, valued at $128,757,711,091.97. The disclosure for this sale can be found here. Insiders have sold 23,842 shares of company stock valued at $38,549,801 in the last 90 days. 16.30% of the stock is currently owned by corporate insiders.
Several research analysts recently issued reports on the stock. BidaskClub raised shares of Amazon.com from a “sell” rating to a “hold” rating in a research note on Friday, January 4th. Zacks Investment Research reissued a “buy” rating and set a $1,714.00 target price on shares of Amazon.com in a research note on Monday, November 12th. Goldman Sachs Group reissued a “buy” rating on shares of Amazon.com in a research note on Monday, January 7th. Macquarie reissued a “buy” rating on shares of Amazon.com in a research note on Friday, October 26th. Finally, Bank of America reissued a “buy” rating and set a $2,100.00 target price (up from $2,000.00) on shares of Amazon.com in a research note on Wednesday, January 9th. Three investment analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $2,087.85.
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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