Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 165,400 shares of the e-commerce giant’s stock after purchasing an additional 16,516 shares during the period. Amazon.com accounts for approximately 2.6% of Sumitomo Mitsui Asset Management Company LTD’s investment portfolio, making the stock its biggest position. Sumitomo Mitsui Asset Management Company LTD’s holdings in Amazon.com were worth $160,107,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in Amazon.com by 1.1% in the 1st quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock valued at $14,667,392,000 after acquiring an additional 186,756 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Amazon.com by 1.1% in the 1st quarter. Fisher Asset Management LLC now owns 2,024,756 shares of the e-commerce giant’s stock valued at $1,795,028,000 after acquiring an additional 22,032 shares during the last quarter. American Century Companies Inc. raised its holdings in Amazon.com by 0.5% in the 1st quarter. American Century Companies Inc. now owns 1,647,564 shares of the e-commerce giant’s stock valued at $1,460,631,000 after acquiring an additional 8,704 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Amazon.com by 2.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,264,887 shares of the e-commerce giant’s stock valued at $1,121,373,000 after acquiring an additional 29,920 shares during the last quarter. Finally, Clearbridge Investments LLC raised its holdings in Amazon.com by 11.9% in the 1st quarter. Clearbridge Investments LLC now owns 883,531 shares of the e-commerce giant’s stock valued at $783,286,000 after acquiring an additional 93,757 shares during the last quarter. Hedge funds and other institutional investors own 60.76% of the company’s stock.

Amazon.com, Inc. (AMZN) opened at 950.87 on Thursday. The stock has a market capitalization of $456.78 billion, a P/E ratio of 241.83 and a beta of 1.47. The stock has a 50 day moving average of $973.80 and a 200 day moving average of $952.61. Amazon.com, Inc. has a 52 week low of $710.10 and a 52 week high of $1,083.31.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the consensus estimate of $1.40 by ($1.00). Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The company had revenue of $37.96 billion for the quarter, compared to analyst estimates of $37.18 billion. During the same quarter last year, the business earned $1.78 EPS. The company’s revenue for the quarter was up 24.8% on a year-over-year basis. On average, equities research analysts predict that Amazon.com, Inc. will post $3.64 earnings per share for the current fiscal year.

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In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,800 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total transaction of $2,674,560.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $9,552,000. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey A. Wilke sold 710 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $987.39, for a total value of $701,046.90. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $9,873,900. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,083 shares of company stock worth $8,874,850. Corporate insiders own 17.70% of the company’s stock.

A number of analysts have commented on the stock. Barclays PLC increased their price objective on shares of Amazon.com from $1,120.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, July 28th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $1,275.00 price objective on shares of Amazon.com in a report on Friday, July 28th. J P Morgan Chase & Co reiterated a “buy” rating on shares of Amazon.com in a report on Friday, July 28th. Stifel Nicolaus reiterated a “buy” rating and issued a $1,100.00 price objective (up previously from $1,075.00) on shares of Amazon.com in a report on Friday, July 28th. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Amazon.com in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-seven have given a buy rating and two have assigned a strong buy rating to the stock. Amazon.com has an average rating of “Buy” and an average target price of $1,107.47.

Amazon.com Company Profile

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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