Mitsubishi UFJ Asset Management UK Ltd. Raises Holdings in Amazon.com, Inc. (AMZN)

Mitsubishi UFJ Asset Management UK Ltd. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 41.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 3,440 shares of the e-commerce giant’s stock after acquiring an additional 1,000 shares during the quarter. Amazon.com comprises about 2.8% of Mitsubishi UFJ Asset Management UK Ltd.’s portfolio, making the stock its 2nd largest position. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Amazon.com were worth $5,847,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMZN. Lee Financial Co lifted its holdings in shares of Amazon.com by 154.3% in the 1st quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock valued at $129,000 after buying an additional 54 shares during the period. Santori & Peters Inc. acquired a new position in shares of Amazon.com in the 4th quarter valued at about $121,000. Point72 Asia Hong Kong Ltd acquired a new position in shares of Amazon.com in the 1st quarter valued at about $145,000. Braun Bostich & Associates Inc. acquired a new position in shares of Amazon.com in the 1st quarter valued at about $174,000. Finally, Indiana Trust & Investment Management CO acquired a new position in shares of Amazon.com in the 2nd quarter valued at about $214,000. 57.32% of the stock is owned by institutional investors.

AMZN stock opened at $2,012.98 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $963.07 billion, a PE ratio of 442.41, a P/E/G ratio of 4.12 and a beta of 1.60. Amazon.com, Inc. has a 1 year low of $950.10 and a 1 year high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $2.58. The business had revenue of $52.89 billion during the quarter, compared to analyst estimates of $53.37 billion. Amazon.com had a return on equity of 18.47% and a net margin of 3.02%. The business’s revenue was up 39.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.40 earnings per share. equities research analysts predict that Amazon.com, Inc. will post 17.77 EPS for the current fiscal year.

A number of equities analysts recently weighed in on the company. BidaskClub raised Amazon.com from a “hold” rating to a “buy” rating in a report on Friday. Macquarie reaffirmed a “buy” rating on shares of Amazon.com in a report on Friday, June 22nd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $2,350.00 price target (up previously from $2,185.00) on shares of Amazon.com in a report on Tuesday. Zacks Investment Research cut Amazon.com from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, JMP Securities reaffirmed a “buy” rating on shares of Amazon.com in a report on Thursday, June 21st. Three investment analysts have rated the stock with a hold rating and fifty have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $2,005.64.

In other news, Director Tom A. Alberg sold 2,320 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $1,827.29, for a total value of $4,239,312.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas O. Ryder sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $1,783.81, for a total value of $8,919,050.00. Following the completion of the sale, the director now owns 10,752 shares of the company’s stock, valued at $19,179,525.12. The disclosure for this sale can be found here. Insiders sold 25,308 shares of company stock valued at $47,905,498 over the last 90 days. Company insiders own 16.30% of the company’s stock.

Amazon.com Profile

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.

Further Reading: Fiduciary

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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