California Public Employees Retirement System Has $2.20 Billion Position in Amazon.com, Inc. (NASDAQ:AMZN)

California Public Employees Retirement System grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,321,853 shares of the e-commerce giant’s stock after buying an additional 451,778 shares during the quarter. Amazon.com accounts for 1.9% of California Public Employees Retirement System’s portfolio, making the stock its 5th largest position. California Public Employees Retirement System owned about 0.17% of Amazon.com worth $2,201,954,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AMZN. Leonard Rickey Investment Advisors P.L.L.C. boosted its holdings in Amazon.com by 2.5% in the second quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 11,645 shares of the e-commerce giant’s stock worth $1,518,000 after purchasing an additional 288 shares during the last quarter. ANTIPODES PARTNERS Ltd purchased a new stake in Amazon.com in the second quarter worth approximately $123,733,000. King Wealth boosted its stake in shares of Amazon.com by 4.6% during the 2nd quarter. King Wealth now owns 29,352 shares of the e-commerce giant’s stock worth $3,826,000 after acquiring an additional 1,296 shares during the last quarter. Meitav Investment House Ltd. boosted its stake in shares of Amazon.com by 3.3% during the 2nd quarter. Meitav Investment House Ltd. now owns 636,652 shares of the e-commerce giant’s stock worth $81,543,000 after acquiring an additional 20,574 shares during the last quarter. Finally, Ascension Asset Management LLC purchased a new position in shares of Amazon.com during the 2nd quarter worth $2,001,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 21,933 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $142.66, for a total value of $3,128,961.78. Following the completion of the sale, the chief executive officer now directly owns 2,064,055 shares of the company’s stock, valued at approximately $294,458,086.30. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Adam Selipsky sold 10,756 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $144.60, for a total value of $1,555,317.60. Following the completion of the sale, the chief executive officer now owns 117,904 shares in the company, valued at approximately $17,048,918.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 21,933 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $142.66, for a total transaction of $3,128,961.78. Following the completion of the sale, the chief executive officer now owns 2,064,055 shares of the company’s stock, valued at approximately $294,458,086.30. The disclosure for this sale can be found here. Insiders sold a total of 61,829 shares of company stock valued at $8,885,713 in the last three months. Company insiders own 12.30% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $169.84 on Friday. Amazon.com, Inc. has a 12 month low of $88.12 and a 12 month high of $172.50. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average price of $153.87 and a 200 day moving average price of $141.79. The stock has a market cap of $1.76 trillion, a PE ratio of 58.57, a P/E/G ratio of 1.49 and a beta of 1.14.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The firm had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.21 EPS. Equities research analysts anticipate that Amazon.com, Inc. will post 4.03 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AMZN. Rosenblatt Securities lifted their price target on shares of Amazon.com from $184.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. JMP Securities lifted their price target on shares of Amazon.com from $175.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. TheStreet upgraded shares of Amazon.com from a “c+” rating to a “b-” rating in a research report on Friday, October 27th. The Goldman Sachs Group raised their price objective on shares of Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, Benchmark raised their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $197.95.

Check Out Our Latest Analysis on AMZN

About Amazon.com

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

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

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