State of Alaska Department of Revenue increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,525,966 shares of the e-commerce giant’s stock after acquiring an additional 5,222 shares during the period. Amazon.com makes up about 1.6% of State of Alaska Department of Revenue’s investment portfolio, making the stock its 3rd largest position. State of Alaska Department of Revenue’s holdings in Amazon.com were worth $128,180,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Bridgefront Capital LLC acquired a new stake in Amazon.com during the 1st quarter valued at $228,000. Krane Funds Advisors LLC grew its stake in Amazon.com by 239.1% during the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after acquiring an additional 55 shares in the last quarter. Range Financial Group LLC purchased a new position in Amazon.com during the 1st quarter valued at about $258,000. My Personal CFO LLC acquired a new position in Amazon.com in the 1st quarter valued at approximately $261,000. Finally, Worth Asset Management LLC purchased a new stake in Amazon.com in the 1st quarter worth approximately $191,000. 57.64% of the stock is currently owned by institutional investors.
Amazon.com Price Performance
Shares of AMZN opened at $98.70 on Thursday. The company has a market cap of $1.01 trillion, a price-to-earnings ratio of -368.27, a PEG ratio of 4.10 and a beta of 1.25. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $170.83. The company’s fifty day simple moving average is $97.51 and its 200 day simple moving average is $100.94. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46.
Insider Buying and Selling at Amazon.com
In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $11,368,319.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Adam Selipsky sold 5,100 shares of the company’s stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the sale, the chief executive officer now owns 124,180 shares of the company’s stock, valued at $13,837,377.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the completion of the transaction, the vice president now directly 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 a total of 71,394 shares of company stock worth $6,994,626 over the last ninety days. Insiders own 12.70% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on AMZN shares. DA Davidson boosted their price target on shares of Amazon.com from $114.00 to $134.00 and gave the company a “buy” rating in a report on Friday, February 3rd. The Goldman Sachs Group cut their price objective on shares of Amazon.com from $165.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, January 13th. Wedbush dropped their price target on shares of Amazon.com from $140.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, February 3rd. Piper Sandler raised their target price on Amazon.com from $119.00 to $123.00 and gave the company an “overweight” rating in a report on Friday, February 3rd. Finally, JMP Securities reissued a “market outperform” rating and set a $140.00 target price on shares of Amazon.com in a research report on Thursday, March 16th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have given a buy rating to the stock. According to MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average target price of $144.72.
Amazon.com Company Profile
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.
Featured Articles
- Get a free copy of the StockNews.com research report on Amazon.com (AMZN)
- What is the Consumer Staples Sector?
- What is a Consumer Staples Index Fund?
- Bitcoin Might Better Than Bitcoin Stocks and ETFs,
- GameStop Shares Surge On Surprise Profit
- Nike, Inc’s Q3 Surprise Isn’t All That Surprising: Is It A Buy?
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 – Get Rating).
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.
