California State Teachers Retirement System Has $1.73 Billion Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

California State Teachers Retirement System cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the third quarter, HoldingsChannel reports. The firm owned 15,288,676 shares of the e-commerce giant’s stock after selling 162,400 shares during the period. Amazon.com comprises about 2.9% of California State Teachers Retirement System’s investment portfolio, making the stock its 3rd largest holding. California State Teachers Retirement System’s holdings in Amazon.com were worth $1,727,620,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. Kavar Capital Partners Group LLC increased its holdings in shares of Amazon.com by 7.6% in the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after acquiring an additional 79 shares during the period. IFM Investors Pty Ltd increased its holdings in shares of Amazon.com by 21.8% in the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after acquiring an additional 13,060 shares during the period. Ironwood Wealth Management LLC. increased its holdings in shares of Amazon.com by 0.8% in the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after acquiring an additional 15 shares during the period. Markel Corp increased its holdings in shares of Amazon.com by 0.6% in the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after acquiring an additional 550 shares during the period. Finally, Leelyn Smith LLC increased its holdings in shares of Amazon.com by 24.8% in the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after acquiring an additional 540 shares during the period. 57.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AMZN. Needham & Company LLC restated a “buy” rating and set a $120.00 target price on shares of Amazon.com in a research note on Friday, February 3rd. Tigress Financial restated a “buy” rating and set a $192.00 target price on shares of Amazon.com in a research note on Thursday, February 9th. The Goldman Sachs Group dropped their target price on Amazon.com from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, January 13th. Susquehanna boosted their target price on Amazon.com from $140.00 to $150.00 and gave the stock a “positive” rating in a research note on Friday, February 3rd. Finally, New Street Research began coverage on Amazon.com in a research note on Wednesday, January 4th. They set a “buy” rating and a $130.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $144.87.

Amazon.com Trading Up 1.4 %

Shares of Amazon.com stock opened at $96.20 on Thursday. The firm has a market capitalization of $985.79 billion, a price-to-earnings ratio of -356.30, a PEG ratio of 3.74 and a beta of 1.25. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $170.83. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 0.94. The stock has a 50 day moving average of $96.42 and a 200 day moving average of $101.95.

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

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total transaction of $375,200.00. Following the transaction, the chief executive officer now directly owns 560,298 shares in the company, valued at $52,555,952.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 5,100 shares of the company’s stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total transaction of $568,293.00. Following the transaction, the chief executive officer now directly owns 124,180 shares in the company, valued at $13,837,377.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total value of $375,200.00. Following the completion of the sale, the chief executive officer now owns 560,298 shares in the company, valued at $52,555,952.40. The disclosure for this sale can be found here. Insiders have sold 71,394 shares of company stock worth $6,994,626 over the last ninety days. Corporate insiders own 12.70% of the company’s stock.

About Amazon.com

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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.