New York State Common Retirement Fund reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,955,128 shares of the e-commerce giant’s stock after selling 635,947 shares during the quarter. Amazon.com makes up approximately 2.0% of New York State Common Retirement Fund’s investment portfolio, making the stock its 3rd largest position. New York State Common Retirement Fund owned about 0.17% of Amazon.com worth $1,424,231,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its position in Amazon.com by 1.8% during the third quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock worth $79,275,249,000 after purchasing an additional 12,456,995 shares during the last quarter. State Street Corp raised its position in shares of Amazon.com by 1.0% during the 3rd quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock valued at $37,272,937,000 after buying an additional 3,121,516 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after acquiring an additional 295,880,050 shares during the last quarter. FMR LLC grew its position in 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 worth $30,381,089,000 after acquiring an additional 270,931,640 shares during the period. Finally, Northern Trust Corp increased its stake in Amazon.com by 1,867.0% during the second quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock worth $10,089,669,000 after acquiring an additional 90,167,792 shares during the last quarter. 57.64% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have recently weighed in on AMZN. MKM Partners lowered their price target on Amazon.com from $145.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, January 18th. Telsey Advisory Group reiterated an “outperform” rating and set a $125.00 price target on shares of Amazon.com in a research report on Thursday, April 20th. Moffett Nathanson decreased their price objective on shares of Amazon.com from $119.00 to $116.00 and set an “outperform” rating on the stock in a report on Monday. UBS Group cut their target price on Amazon.com from $127.00 to $125.00 and set a “buy” rating on the stock in a research report on Monday. Finally, StockNews.com started coverage on Amazon.com in a research report on Thursday, March 16th. They set a “hold” rating for the company. Three analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $144.44.
Amazon.com Price Performance
Amazon.com (NASDAQ:AMZN – Get Rating) last posted 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 period last year, the firm posted $1.39 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts expect that Amazon.com, Inc. will post 1.49 earnings per share for the current year.
Insider Activity at Amazon.com
In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the firm’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total value of $332,185.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at $11,368,319.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction that occurred on Wednesday, April 19th. The stock was sold at an average price of $103.77, for a total transaction of $53,960.40. Following the sale, the chief executive officer now owns 136,780 shares of the company’s stock, valued at $14,193,660.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction that occurred on Tuesday, February 21st. The stock was 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 directly owns 119,780 shares of the company’s stock, valued at $11,368,319.80. The disclosure for this sale can be found here. Insiders sold 78,713 shares of company stock worth $7,739,103 in the last 90 days. 12.70% of the stock is currently owned by company insiders.
About Amazon.com
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.
See Also
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