New York State Teachers Retirement System reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 714,923 shares of the e-commerce giant’s stock after selling 8,781 shares during the period. Amazon.com makes up about 1.4% of New York State Teachers Retirement System’s portfolio, making the stock its 7th largest position. New York State Teachers Retirement System’s holdings in Amazon.com were worth $536,099,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of AMZN. Nations Financial Group Inc. IA ADV increased its position in Amazon.com by 2.0% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 557 shares of the e-commerce giant’s stock worth $418,000 after buying an additional 11 shares in the last quarter. Ally Financial Inc. bought a new position in Amazon.com during the fourth quarter worth $5,249,000. ARK Investment Management LLC bought a new position in Amazon.com during the fourth quarter worth $13,285,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in Amazon.com by 80,761.8% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 175,470 shares of the e-commerce giant’s stock worth $175,000 after buying an additional 175,253 shares in the last quarter. Finally, Lyell Wealth Management LP bought a new position in Amazon.com during the fourth quarter worth $2,499,000. 65.08% of the stock is owned by institutional investors and hedge funds.
Shares of Amazon.com, Inc. (NASDAQ:AMZN) opened at 846.82 on Tuesday. The company has a market capitalization of $404.08 billion, a price-to-earnings ratio of 172.82 and a beta of 1.40. The stock has a 50 day moving average of $844.31 and a 200-day moving average of $804.41. Amazon.com, Inc. has a 52 week low of $575.56 and a 52 week high of $862.79.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $1.54 EPS for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.19. The firm had revenue of $43.74 billion for the quarter, compared to analysts’ expectations of $44.66 billion. Amazon.com had a net margin of 1.74% and a return on equity of 13.87%. The business’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.00 earnings per share. On average, analysts anticipate that Amazon.com, Inc. will post $7.18 EPS for the current year.
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A number of research analysts have recently weighed in on the stock. Morningstar, Inc. reissued a “buy” rating on shares of Amazon.com in a research report on Thursday, December 1st. Robert W. Baird reissued an “outperform” rating and set a $850.00 target price on shares of Amazon.com in a research report on Thursday, March 23rd. Goldman Sachs Group Inc reissued a “buy” rating on shares of Amazon.com in a research report on Thursday, January 5th. William Blair reissued an “outperform” rating on shares of Amazon.com in a research report on Tuesday, December 13th. Finally, Cantor Fitzgerald reissued a “buy” rating on shares of Amazon.com in a research report on Wednesday, December 28th. Five investment analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $938.95.
In other news, insider David Zapolsky sold 503 shares of the company’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $850.00, for a total value of $427,550.00. Following the transaction, the insider now directly owns 2,523 shares in the company, valued at $2,144,550. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Tom A. Alberg sold 590 shares of the company’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total transaction of $501,500.00. Following the completion of the transaction, the director now owns 22,525 shares in the company, valued at $19,146,250. The disclosure for this sale can be found here. Corporate insiders own 17.70% of the company’s stock.
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
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