Retirement Systems of Alabama lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 230,878 shares of the e-commerce giant’s stock after selling 2,627 shares during the quarter. Amazon.com comprises about 2.8% of Retirement Systems of Alabama’s investment portfolio, making the stock its 4th largest position. Retirement Systems of Alabama’s holdings in Amazon.com were worth $752,651,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp increased its holdings in Amazon.com by 1.5% in the first quarter. Fifth Third Bancorp now owns 177,679 shares of the e-commerce giant’s stock valued at $579,225,000 after purchasing an additional 2,686 shares during the last quarter. Graypoint LLC increased its holdings in Amazon.com by 57.9% in the first quarter. Graypoint LLC now owns 1,704 shares of the e-commerce giant’s stock valued at $5,555,000 after purchasing an additional 625 shares during the last quarter. Atlas Private Wealth Advisors bought a new stake in Amazon.com in the first quarter valued at about $6,229,000. MCIA Inc increased its holdings in Amazon.com by 9.0% in the first quarter. MCIA Inc now owns 1,495 shares of the e-commerce giant’s stock valued at $4,517,000 after purchasing an additional 124 shares during the last quarter. Finally, Legacy Private Trust Co. increased its holdings in Amazon.com by 60.0% in the first quarter. Legacy Private Trust Co. now owns 4,058 shares of the e-commerce giant’s stock valued at $13,229,000 after purchasing an additional 1,522 shares during the last quarter. 72.51% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO Andrew R. Jassy sold 1,181 shares of the stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $2,262.00, for a total transaction of $2,671,422.00. Following the transaction, the chief executive officer now owns 92,781 shares in the company, valued at $209,870,622. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David H. Clark sold 2,270 shares of the stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total value of $4,924,129.40. Following the transaction, the chief executive officer now owns 6,695 shares in the company, valued at approximately $14,522,927.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,803 shares of company stock worth $10,528,337. 12.70% of the stock is owned by corporate insiders.
AMZN opened at $115.54 on Friday. Amazon.com, Inc. has a 12-month low of $101.26 and a 12-month high of $188.65. The stock has a market cap of $1.18 trillion, a price-to-earnings ratio of 55.78, a PEG ratio of 3.71 and a beta of 1.25. The business has a 50 day moving average of $112.64 and a 200-day moving average of $140.23. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.35.
Amazon.com (NASDAQ:AMZN – Get Rating) last announced its earnings results on Thursday, April 28th. The e-commerce giant reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). The firm had revenue of $116.44 billion for the quarter, compared to the consensus estimate of $116.52 billion. Amazon.com had a return on equity of 21.60% and a net margin of 4.48%. Amazon.com’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted $0.79 EPS. As a group, analysts expect that Amazon.com, Inc. will post 1.17 earnings per share for the current year.
A number of equities research analysts recently commented on the company. Monness Crespi & Hardt dropped their price objective on Amazon.com from $225.00 to $185.00 and set a “buy” rating for the company in a report on Friday, April 29th. Tigress Financial reiterated a “buy” rating and issued a $232.00 price objective on shares of Amazon.com in a report on Wednesday, June 29th. Wolfe Research lowered their price target on Amazon.com from $145.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, June 29th. Redburn Partners began coverage on Amazon.com in a report on Wednesday, June 29th. They issued a “buy” rating and a $270.00 price target for the company. Finally, Cowen lowered their price target on Amazon.com from $220.00 to $212.50 in a report on Friday, April 29th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and thirty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $185.45.
Amazon.com Company Profile (Get Rating)
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
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