Amazon.com, Inc. (NASDAQ:AMZN) is Employees Retirement System of Texas’ 4th Largest Position

Posted by Defense World Staff on Feb 28th, 2023

Employees Retirement System of Texas increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 0.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,321,000 shares of the e-commerce giant’s stock after purchasing an additional 1,000 shares during the period. Amazon.com accounts for about 2.3% of Employees Retirement System of Texas’ holdings, making the stock its 4th biggest holding. Employees Retirement System of Texas’ holdings in Amazon.com were worth $149,273,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp raised its stake in shares of Amazon.com by 1,869.1% in the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after purchasing an additional 310,134,486 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Amazon.com by 1,838.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after purchasing an additional 295,880,050 shares during the last quarter. FMR LLC boosted its holdings in shares of Amazon.com by 1,792.4% in the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after acquiring an additional 270,931,640 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Amazon.com by 1,867.0% in the second quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock valued at $10,089,669,000 after acquiring an additional 90,167,792 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in Amazon.com by 1,944.4% during the second quarter. Legal & General Group Plc now owns 59,977,393 shares of the e-commerce giant’s stock worth $6,370,223,000 after buying an additional 57,043,701 shares in the last quarter. 57.64% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Price Performance

NASDAQ:AMZN opened at $93.76 on Tuesday. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $170.83. The company has a market cap of $960.78 billion, a P/E ratio of -349.84, a P/E/G ratio of 3.85 and a beta of 1.22. The firm’s fifty day moving average price is $94.28 and its two-hundred day moving average price is $105.50. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.72.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.12). Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The business had revenue of $149.20 billion during the quarter, compared to analyst estimates of $145.72 billion. During the same quarter last year, the company posted $1.39 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis. Equities analysts expect that Amazon.com, Inc. will post 1.34 earnings per share for the current year.

Insiders Place Their Bets

In other news, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $11,368,319.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 7,456 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $94.90, for a total transaction of $707,574.40. Following the completion of the transaction, the chief executive officer now owns 564,298 shares in the company, valued at approximately $53,551,880.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $11,368,319.80. The disclosure for this sale can be found here. Insiders have sold 67,394 shares of company stock worth $6,619,426 over the last ninety days. Corporate insiders own 12.70% of the company’s stock.

Analyst Ratings Changes

AMZN has been the subject of several research analyst reports. Oppenheimer upped their price target on shares of Amazon.com from $130.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, February 3rd. Benchmark increased their target price on shares of Amazon.com from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, February 3rd. Robert W. Baird increased their target price on shares of Amazon.com from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. Telsey Advisory Group cut their target price on shares of Amazon.com from $140.00 to $125.00 and set an “outperform” rating for the company in a research report on Tuesday, January 24th. Finally, Wells Fargo & Company cut their price target on shares of Amazon.com from $155.00 to $145.00 in a report on Friday, February 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $144.87.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.