Louisiana State Employees Retirement System lowered its stake in Amazon.com Inc. (NASDAQ:AMZN) by 1.6% during the second quarter, Holdings Channel reports. The institutional investor owned 25,400 shares of the e-commerce giant’s stock after selling 400 shares during the period. Amazon.com makes up approximately 1.0% of Louisiana State Employees Retirement System’s holdings, making the stock its 7th largest position. Louisiana State Employees Retirement System’s holdings in Amazon.com were worth $18,177,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kistler Tiffany Companies LLC boosted its position in Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock valued at $108,000 after buying an additional 136 shares in the last quarter. West Oak Capital LLC boosted its position in Amazon.com by 105.7% in the second quarter. West Oak Capital LLC now owns 216 shares of the e-commerce giant’s stock valued at $155,000 after buying an additional 111 shares in the last quarter. Perkins Coie Trust Co boosted its position in Amazon.com by 200.0% in the second quarter. Perkins Coie Trust Co now owns 225 shares of the e-commerce giant’s stock valued at $161,000 after buying an additional 150 shares in the last quarter. Ironwood Investment Counsel LLC purchased a new position in Amazon.com during the first quarter valued at about $203,000. Finally, Capital Asset Advisory Services LLC purchased a new position in Amazon.com during the second quarter valued at about $205,000. 65.44% of the stock is owned by hedge funds and other institutional investors.
Shares of Amazon.com Inc. (NASDAQ:AMZN) traded up 0.13% during mid-day trading on Friday, hitting $805.75. 2,353,511 shares of the stock were exchanged. Amazon.com Inc. has a 12-month low of $474.00 and a 12-month high of $807.75. The company has a market capitalization of $381.98 billion, a PE ratio of 200.39 and a beta of 1.11. The firm has a 50-day moving average price of $771.59 and a 200 day moving average price of $699.21.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 EPS for the quarter, topping the consensus estimate of $1.11 by $0.67. The firm had revenue of $30.40 billion for the quarter, compared to the consensus estimate of $29.54 billion. Amazon.com had a net margin of 1.60% and a return on equity of 13.52%. The business’s quarterly revenue was up 31.1% on a year-over-year basis. During the same period last year, the company posted $0.19 EPS. On average, equities research analysts expect that Amazon.com Inc. will post $5.81 earnings per share for the current year.
Several research firms recently issued reports on AMZN. Jefferies Group reissued a “buy” rating and set a $865.00 price target on shares of Amazon.com in a report on Monday, June 27th. Zacks Investment Research upgraded shares of Amazon.com from a “hold” rating to a “buy” rating and set a $774.00 target price on the stock in a research report on Tuesday, June 28th. Royal Bank Of Canada lowered their target price on shares of Amazon.com from $1,000.00 to $840.00 and set an “outperform” rating on the stock in a research report on Friday, September 16th. William Blair began coverage on shares of Amazon.com in a research report on Friday, June 10th. They set an “outperform” rating on the stock. Finally, Evercore ISI restated a “buy” rating on shares of Amazon.com in a research report on Monday, July 18th. Six analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $868.97.
In other Amazon.com news, insider Jeffrey M. Blackburn sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $760.98, for a total transaction of $7,609,800.00. Following the sale, the insider now directly owns 55,887 shares in the company, valued at approximately $42,528,889.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $756.74, for a total transaction of $756,740,000.00. Following the sale, the chief executive officer now owns 81,871,067 shares in the company, valued at $61,955,111,241.58. The disclosure for this sale can be found here. Company insiders own 17.70% of the company’s stock.
Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com Inc. (NASDAQ:AMZN).
Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.