Amazon.com, Inc. (AMZN) is Sumitomo Life Insurance Co.’s 3rd Largest Position

Sumitomo Life Insurance Co. lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 7.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,710 shares of the e-commerce giant’s stock after acquiring an additional 1,022 shares during the period. Amazon.com accounts for about 2.0% of Sumitomo Life Insurance Co.’s investment portfolio, making the stock its 3rd largest holding. Sumitomo Life Insurance Co.’s holdings in Amazon.com were worth $15,207,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Bowling Portfolio Management LLC grew its stake in shares of Amazon.com by 7.0% in the 2nd quarter. Bowling Portfolio Management LLC now owns 4,418 shares of the e-commerce giant’s stock worth $4,277,000 after buying an additional 290 shares during the last quarter. Boston Financial Mangement LLC grew its stake in shares of Amazon.com by 13.1% in the 2nd quarter. Boston Financial Mangement LLC now owns 8,665 shares of the e-commerce giant’s stock worth $8,388,000 after buying an additional 1,001 shares during the last quarter. Eastern Bank grew its stake in shares of Amazon.com by 0.7% in the 2nd quarter. Eastern Bank now owns 15,850 shares of the e-commerce giant’s stock worth $15,342,000 after buying an additional 106 shares during the last quarter. Arthur M. Cohen & Associates LLC grew its stake in shares of Amazon.com by 12.9% in the 2nd quarter. Arthur M. Cohen & Associates LLC now owns 5,925 shares of the e-commerce giant’s stock worth $5,652,000 after buying an additional 678 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its stake in shares of Amazon.com by 1.4% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 15,970 shares of the e-commerce giant’s stock worth $15,459,000 after buying an additional 220 shares during the last quarter. 60.77% of the stock is owned by hedge funds and other institutional investors.

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Amazon.com, Inc. (AMZN) opened at 989.58 on Friday. The firm has a 50-day moving average of $966.13 and a 200 day moving average of $961.29. The stock has a market cap of $475.37 billion, a PE ratio of 251.67 and a beta of 1.47. Amazon.com, Inc. has a 12 month low of $710.10 and a 12 month high of $1,083.31.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($1.00). Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The business had revenue of $37.96 billion for the quarter, compared to analysts’ expectations of $37.18 billion. During the same quarter in the prior year, the firm earned $1.78 earnings per share. Amazon.com’s quarterly revenue was up 24.8% compared to the same quarter last year. Analysts anticipate that Amazon.com, Inc. will post $3.66 EPS for the current year.

In other news, CEO Jeffrey A. Wilke sold 710 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $9,873,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $955.20, for a total transaction of $2,674,560.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $9,552,000. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,083 shares of company stock valued at $8,874,850. 17.70% of the stock is owned by insiders.

AMZN has been the topic of several recent research reports. Deutsche Bank AG restated a “buy” rating on shares of Amazon.com in a research note on Monday, June 12th. Piper Jaffray Companies upped their price target on Amazon.com from $1,050.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Monday, June 12th. Vetr upgraded Amazon.com from a “hold” rating to a “buy” rating and set a $1,023.89 price target on the stock in a research note on Monday, June 12th. BidaskClub downgraded Amazon.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, Nomura restated a “buy” rating on shares of Amazon.com in a research note on Thursday, June 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, forty-seven have given a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $1,109.80.

Amazon.com 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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