Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Strs Ohio

Strs Ohio reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,746,060 shares of the e-commerce giant’s stock after selling 173,059 shares during the quarter. Amazon.com accounts for approximately 3.0% of Strs Ohio’s portfolio, making the stock its 3rd largest holding. Strs Ohio’s holdings in Amazon.com were worth $721,116,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Grove Bank & Trust grew its holdings in Amazon.com by 4.5% in the fourth quarter. Grove Bank & Trust now owns 75,972 shares of the e-commerce giant’s stock valued at $11,543,000 after purchasing an additional 3,250 shares during the last quarter. Bear Mountain Capital Inc. acquired a new stake in Amazon.com in the 4th quarter valued at about $1,909,000. Market Street Wealth Management Advisors LLC increased its holdings in Amazon.com by 19.0% during the 4th quarter. Market Street Wealth Management Advisors LLC now owns 4,220 shares of the e-commerce giant’s stock valued at $641,000 after acquiring an additional 673 shares in the last quarter. Glassy Mountain Advisors Inc. raised its position in Amazon.com by 1.2% during the fourth quarter. Glassy Mountain Advisors Inc. now owns 44,889 shares of the e-commerce giant’s stock worth $6,820,000 after acquiring an additional 517 shares during the last quarter. Finally, PCG Wealth Advisors LLC lifted its holdings in shares of Amazon.com by 3.7% in the fourth quarter. PCG Wealth Advisors LLC now owns 6,377 shares of the e-commerce giant’s stock valued at $969,000 after purchasing an additional 228 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Up 0.8 %

Shares of Amazon.com stock opened at $186.21 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average price of $178.79 and a 200 day moving average price of $159.95. Amazon.com, Inc. has a fifty-two week low of $103.31 and a fifty-two week high of $189.77. The firm has a market cap of $1.93 trillion, a P/E ratio of 52.16, a P/E/G ratio of 1.55 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The firm had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.31 earnings per share. On average, sell-side analysts forecast that Amazon.com, Inc. will post 4.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on AMZN shares. Wells Fargo & Company raised their price objective on shares of Amazon.com from $217.00 to $234.00 and gave the stock an “overweight” rating in a research note on Wednesday. Evercore ISI boosted their price target on Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday. Citigroup upped their price objective on Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday. BMO Capital Markets lifted their price objective on Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Mizuho upped their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $211.07.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the transaction, the chief executive officer now directly owns 132,600 shares in the company, valued at approximately $23,868,000. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the transaction, the chief executive officer now owns 132,600 shares in the company, valued at $23,868,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the sale, the insider now directly owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The disclosure for this sale can be found here. Insiders sold a total of 32,217,010 shares of company stock valued at $5,506,442,301 in the last quarter. Insiders own 10.80% of the company’s stock.

About Amazon.com

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.