Amazon.com, Inc. (NASDAQ:AMZN) Stake Lifted by Retirement Systems of Alabama

Retirement Systems of Alabama raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1,987.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,819,060 shares of the e-commerce giant’s stock after acquiring an additional 4,588,182 shares during the quarter. Amazon.com makes up 2.2% of Retirement Systems of Alabama’s holdings, making the stock its 4th biggest position. Retirement Systems of Alabama’s holdings in Amazon.com were worth $511,832,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. Jennison Associates LLC boosted its stake in Amazon.com by 1,764.2% in the second quarter. Jennison Associates LLC now owns 48,142,889 shares of the e-commerce giant’s stock valued at $5,113,256,000 after acquiring an additional 45,560,351 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Amazon.com by 1,923.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 27,747,428 shares of the e-commerce giant’s stock valued at $2,947,054,000 after acquiring an additional 26,375,927 shares during the last quarter. New York State Teachers Retirement System boosted its stake in Amazon.com by 1,895.2% in the second quarter. New York State Teachers Retirement System now owns 10,349,048 shares of the e-commerce giant’s stock valued at $1,099,172,000 after acquiring an additional 9,830,359 shares during the last quarter. Brown Advisory Inc. boosted its stake in Amazon.com by 1,644.6% in the second quarter. Brown Advisory Inc. now owns 9,685,141 shares of the e-commerce giant’s stock valued at $1,202,879,000 after acquiring an additional 9,129,976 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Amazon.com by 1,539.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 9,633,606 shares of the e-commerce giant’s stock valued at $1,023,183,000 after acquiring an additional 9,046,135 shares during the last quarter. 57.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the stock in a transaction on Thursday, September 29th. The shares were sold at an average price of $114.61, for a total transaction of $59,597.20. Following the completion of the sale, the chief executive officer now owns 114,660 shares of the company’s stock, valued at approximately $13,141,182.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the stock in a transaction on Thursday, September 29th. The shares were sold at an average price of $114.61, for a total transaction of $59,597.20. Following the completion of the sale, the chief executive officer now owns 114,660 shares of the company’s stock, valued at approximately $13,141,182.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 15,787 shares of the stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the sale, the chief executive officer now directly owns 522,251 shares of the company’s stock, valued at approximately $53,844,078.10. The disclosure for this sale can be found here. Insiders sold 269,412 shares of company stock valued at $7,914,139 in the last quarter. Company insiders own 12.70% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $94.14 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94. Amazon.com, Inc. has a 52 week low of $85.87 and a 52 week high of $188.11. The firm’s fifty day moving average is $110.68 and its 200 day moving average is $117.08. The firm has a market cap of $960.38 billion, a P/E ratio of 86.41, a P/E/G ratio of 7.48 and a beta of 1.23.

Amazon.com (NASDAQ:AMZNGet Rating) last released its earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 EPS for the quarter, beating the consensus estimate of $0.22 by $0.06. The company had revenue of $127.10 billion for the quarter, compared to analyst estimates of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.31 EPS. Research analysts predict that Amazon.com, Inc. will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of Amazon.com from $175.00 to $145.00 and set an “overweight” rating on the stock in a research note on Friday, October 28th. Erste Group Bank cut shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Friday. Itau BBA Securities assumed coverage on shares of Amazon.com in a research note on Tuesday, July 26th. They set an “outperform” rating and a $146.00 price target on the stock. Raymond James dropped their price target on shares of Amazon.com from $164.00 to $130.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Finally, Mizuho dropped their price target on shares of Amazon.com from $155.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.89.

Amazon.com Profile

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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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

Further Reading

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

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