Amazon.com, Inc. (AMZN) is Sumitomo Life Insurance Co.’s 4th Largest Position

Sumitomo Life Insurance Co. decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,408 shares of the e-commerce giant’s stock after selling 302 shares during the period. Amazon.com accounts for 1.9% of Sumitomo Life Insurance Co.’s investment portfolio, making the stock its 4th biggest position. Sumitomo Life Insurance Co.’s holdings in Amazon.com were worth $14,812,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in AMZN. TB Alternative Assets Ltd. lifted its stake in shares of Amazon.com by 244.1% during the third quarter. TB Alternative Assets Ltd. now owns 11,700 shares of the e-commerce giant’s stock worth $11,248,000 after purchasing an additional 8,300 shares in the last quarter. Summit X LLC acquired a new position in shares of Amazon.com during the third quarter worth about $201,000. Academy Capital Management Inc. TX acquired a new position in shares of Amazon.com during the third quarter worth about $278,000. Arcadia Investment Management Corp MI lifted its stake in shares of Amazon.com by 6.5% during the third quarter. Arcadia Investment Management Corp MI now owns 1,599 shares of the e-commerce giant’s stock worth $1,537,000 after purchasing an additional 98 shares in the last quarter. Finally, Balasa Dinverno & Foltz LLC acquired a new position in shares of Amazon.com during the third quarter worth about $1,408,000. 59.78% of the stock is owned by institutional investors and hedge funds.

In other news, VP Shelley Reynolds sold 544 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $1,126.27, for a total transaction of $612,690.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the stock in a transaction on Friday, December 8th. The shares were sold at an average price of $1,160.34, for a total value of $3,248,952.00. Following the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $11,603,400. The disclosure for this sale can be found here. Insiders sold 402,338 shares of company stock valued at $444,391,701 over the last 90 days. 17.00% of the stock is currently owned by insiders.

AMZN has been the topic of a number of recent research reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $1,100.00 target price on shares of Amazon.com in a research report on Tuesday, October 24th. Loop Capital set a $1,200.00 target price on Amazon.com and gave the stock a “buy” rating in a research report on Friday, October 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $1,250.00 target price (up from $1,150.00) on shares of Amazon.com in a research report on Friday, October 27th. Cantor Fitzgerald lifted their target price on Amazon.com to $1,360.00 and gave the stock an “overweight” rating in a research report on Friday, October 27th. They noted that the move was a valuation call. Finally, Vetr lowered Amazon.com from a “buy” rating to a “hold” rating and set a $1,277.08 target price on the stock. in a research report on Monday. Four investment analysts have rated the stock with a hold rating and fifty-one have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $1,262.35.

Shares of Amazon.com, Inc. (AMZN) traded up $28.52 during midday trading on Friday, hitting $1,305.20. The stock had a trading volume of 5,396,000 shares, compared to its average volume of 3,250,000. The firm has a market capitalization of $628,940.00, a P/E ratio of 329.60, a PEG ratio of 7.22 and a beta of 1.46. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03. Amazon.com, Inc. has a fifty-two week low of $799.50 and a fifty-two week high of $1,305.76.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.57). The firm had revenue of $43.74 billion during the quarter, compared to analyst estimates of $42.26 billion. Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The business’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same quarter last year, the company earned $0.52 earnings per share. equities research analysts forecast that Amazon.com, Inc. will post 4.24 earnings per share for the current year.

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About Amazon.com

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

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

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