Arizona State Retirement System increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,498,237 shares of the e-commerce giant’s stock after purchasing an additional 9,136 shares during the quarter. Amazon.com comprises about 2.0% of Arizona State Retirement System’s holdings, making the stock its 3rd largest position. Arizona State Retirement System’s holdings in Amazon.com were worth $209,852,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also bought and sold shares of AMZN. Bridgefront Capital LLC purchased a new position in Amazon.com during the first quarter worth about $228,000. Krane Funds Advisors LLC increased its position in shares of Amazon.com by 239.1% in the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after purchasing an additional 55 shares during the last quarter. Range Financial Group LLC purchased a new stake in Amazon.com in the first quarter valued at approximately $258,000. My Personal CFO LLC bought a new stake in Amazon.com during the first quarter valued at approximately $261,000. Finally, Worth Asset Management LLC purchased a new position in Amazon.com in the 1st quarter worth approximately $191,000. 57.64% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Amazon.com
In other Amazon.com news, CFO Brian T. Olsavsky sold 16,760 shares of the business’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $95.25, for a total value of $1,596,390.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $4,667,250. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 7,456 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $94.90, for a total value of $707,574.40. Following the completion of the sale, the chief executive officer now owns 564,298 shares of the company’s stock, valued at approximately $53,551,880.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Brian T. Olsavsky sold 16,760 shares of the stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $95.25, for a total value of $1,596,390.00. Following the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at $4,667,250. The disclosure for this sale can be found here. Insiders have sold 61,019 shares of company stock valued at $6,053,511 over the last ninety days. Insiders own 12.30% of the company’s stock.
Amazon.com Stock Down 1.6 %
Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.09. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The company had revenue of $127.36 billion during the quarter, compared to the consensus estimate of $124.57 billion. During the same quarter last year, the firm earned $0.21 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. Analysts predict that Amazon.com, Inc. will post 1.57 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research firms have recently issued reports on AMZN. Barclays dropped their price objective on shares of Amazon.com from $150.00 to $140.00 in a report on Friday, April 28th. Cowen upped their price objective on Amazon.com from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, February 3rd. Wedbush raised their price objective on Amazon.com from $125.00 to $129.00 in a report on Friday, April 28th. Roth Capital reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, February 3rd. Finally, JMP Securities reissued a “market outperform” rating and set a $140.00 price target on shares of Amazon.com in a research note on Wednesday, April 19th. Three equities research analysts have rated the stock with a hold rating and forty-one have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.12.
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.
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