State Board of Administration of Florida Retirement System Sells 93,860 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

State Board of Administration of Florida Retirement System decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,815,915 shares of the e-commerce giant’s stock after selling 93,860 shares during the quarter. Amazon.com makes up approximately 2.0% of State Board of Administration of Florida Retirement System’s portfolio, making the stock its 3rd biggest position. State Board of Administration of Florida Retirement System’s holdings in Amazon.com were worth $824,537,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. McElhenny Sheffield Capital Management LLC bought a new position in Amazon.com during the 4th quarter worth $27,000. Retirement Financial Solutions LLC bought a new position in Amazon.com during the 4th quarter worth $32,000. Laurel Wealth Planning LLC raised its position in Amazon.com by 1,900.0% during the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 304 shares during the last quarter. Swaine & Leidel Wealth Services LLC bought a new position in shares of Amazon.com in the 1st quarter worth about $38,000. Finally, Cowa LLC bought a new position in shares of Amazon.com in the 3rd quarter worth about $40,000. Institutional investors and hedge funds own 57.64% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $116.25 on Friday. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $146.57. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43. The business’s 50 day simple moving average is $103.63 and its 200 day simple moving average is $97.03. The company has a market cap of $1.19 trillion, a price-to-earnings ratio of 276.79, a PEG ratio of 4.11 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 EPS for the quarter, beating the consensus estimate of $0.22 by $0.09. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The business had revenue of $127.36 billion for the quarter, compared to the consensus estimate of $124.57 billion. During the same quarter in the prior year, the business earned $0.21 earnings per share. Amazon.com’s revenue for the quarter was up 9.4% on a year-over-year basis. Sell-side analysts forecast that Amazon.com, Inc. will post 1.57 EPS for the current year.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total value of $332,185.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $11,368,319.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Following the sale, the chief executive officer now owns 560,298 shares of the company’s stock, valued at approximately $52,555,952.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $11,368,319.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,019 shares of company stock worth $6,053,511. Insiders own 12.30% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several research analyst reports. Bank of America lifted their price objective on Amazon.com from $135.00 to $139.00 in a research report on Friday, April 28th. Tigress Financial reissued a “buy” rating and issued a $192.00 price objective on shares of Amazon.com in a research report on Thursday, February 9th. Robert W. Baird lifted their price objective on Amazon.com from $125.00 to $130.00 in a research report on Friday, April 28th. Oppenheimer lowered their price objective on Amazon.com from $135.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, April 6th. Finally, Susquehanna boosted their target price on Amazon.com from $140.00 to $150.00 and gave the company a “positive” rating in a research report on Friday, February 3rd. Three research analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $143.12.

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.