Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,208,457 shares of the e-commerce giant’s stock after selling 92,790 shares during the period. Amazon.com accounts for approximately 2.2% of State of Alaska Department of Revenue’s holdings, making the stock its 3rd biggest position. State of Alaska Department of Revenue’s holdings in Amazon.com were worth $183,612,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fiduciary Planning LLC raised its stake in Amazon.com by 1.5% in the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after purchasing an additional 5 shares in the last quarter. HBC Financial Services PLLC raised its stake in Amazon.com by 0.8% in the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after purchasing an additional 5 shares in the last quarter. Meridian Investment Counsel Inc. raised its stake in Amazon.com by 3.4% during the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after acquiring an additional 5 shares in the last quarter. Alterna Wealth Management Inc. raised its stake in Amazon.com by 1.8% during the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after acquiring an additional 5 shares in the last quarter. Finally, Archetype Wealth Partners raised its stake in Amazon.com by 3.7% during the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after acquiring an additional 6 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the transaction, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Douglas J. Herrington sold 20,200 shares of Amazon.com stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the sale, the chief executive officer now directly owns 514,131 shares in the company, valued at approximately $87,397,128.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares in the company, valued at $18,150,723.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,214,010 shares of company stock worth $5,505,874,846. Corporate insiders own 12.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on AMZN. Wedbush reissued an “outperform” rating and set a $220.00 target price on shares of Amazon.com in a research note on Wednesday. Susquehanna boosted their target price on Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a research note on Friday, February 2nd. Piper Sandler boosted their target price on Amazon.com from $185.00 to $205.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Raymond James boosted their target price on Amazon.com from $185.00 to $200.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 2nd. Finally, Bank of America boosted their target price on Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Amazon.com has an average rating of “Buy” and an average target price of $198.89.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $185.95 on Thursday. 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 stock’s fifty day simple moving average is $175.45 and its two-hundred day simple moving average is $154.35. Amazon.com, Inc. has a 1-year low of $97.71 and a 1-year high of $187.34. The stock has a market cap of $1.93 trillion, a PE ratio of 64.12, a price-to-earnings-growth ratio of 1.61 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. During the same period last year, the business earned $0.21 EPS. The business’s revenue was up 13.9% on a year-over-year basis. As a group, analysts forecast that Amazon.com, Inc. will post 4.08 EPS for the current fiscal year.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.