Amazon.com, Inc. (NASDAQ:AMZN) is Mitsubishi UFJ Trust & Banking Corp’s 3rd Largest Position

Posted by Defense World Staff on Feb 28th, 2023

Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 3.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,613,560 shares of the e-commerce giant’s stock after purchasing an additional 274,711 shares during the period. Amazon.com comprises about 2.4% of Mitsubishi UFJ Trust & Banking Corp’s portfolio, making the stock its 3rd largest holding. Mitsubishi UFJ Trust & Banking Corp owned 0.07% of Amazon.com worth $860,333,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of AMZN. State Street Corp increased its stake in shares of Amazon.com by 1,869.1% in the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after purchasing an additional 310,134,486 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Amazon.com by 1,838.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after purchasing an additional 295,880,050 shares in the last quarter. FMR LLC increased its stake in shares of Amazon.com by 1,792.4% in the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after purchasing an additional 270,931,640 shares in the last quarter. Northern Trust Corp increased its stake in shares of Amazon.com by 1,867.0% in the 2nd quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock valued at $10,089,669,000 after purchasing an additional 90,167,792 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Amazon.com by 1,944.4% in the 2nd quarter. Legal & General Group Plc now owns 59,977,393 shares of the e-commerce giant’s stock valued at $6,370,223,000 after purchasing an additional 57,043,701 shares in the last quarter. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group lowered their price objective on Amazon.com from $165.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, January 13th. Oppenheimer lifted their price objective on Amazon.com from $130.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, February 3rd. Roth Capital reiterated a “buy” rating on shares of Amazon.com in a report on Friday, February 3rd. JPMorgan Chase & Co. lifted their price objective on Amazon.com from $130.00 to $142.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. Finally, Benchmark lifted their price objective on Amazon.com from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, February 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $144.87.

Insider Buying and Selling

In other news, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $11,368,319.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 5,100 shares of the business’s stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the transaction, the chief executive officer now directly owns 124,180 shares of the company’s stock, valued at approximately $13,837,377.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $11,368,319.80. The disclosure for this sale can be found here. Insiders have sold 67,394 shares of company stock valued at $6,619,426 in the last quarter. Company insiders own 12.70% of the company’s stock.

Amazon.com Trading Up 0.3 %

Shares of Amazon.com stock opened at $93.76 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average of $94.28 and a two-hundred day moving average of $105.50. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $170.83. The stock has a market cap of $960.78 billion, a PE ratio of -349.84, a price-to-earnings-growth ratio of 3.85 and a beta of 1.22.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The firm had revenue of $149.20 billion for the quarter, compared to analyst estimates of $145.72 billion. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.39 EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 1.34 EPS for the current fiscal year.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.

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

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