Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 9,403,296 shares of the e-commerce giant’s stock after selling 265,135 shares during the period. Amazon.com accounts for about 3.2% of New York State Teachers Retirement System’s holdings, making the stock its 3rd largest position. New York State Teachers Retirement System owned about 0.09% of Amazon.com worth $1,428,737,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Lake Hills Wealth Management LLC increased its position in shares of Amazon.com by 0.8% during the 4th quarter. Lake Hills Wealth Management LLC now owns 7,985 shares of the e-commerce giant’s stock worth $1,213,000 after purchasing an additional 65 shares in the last quarter. Veery Capital LLC grew its stake in Amazon.com by 1.1% during the fourth quarter. Veery Capital LLC now owns 5,890 shares of the e-commerce giant’s stock worth $895,000 after buying an additional 66 shares during the last quarter. Bellwether Advisors LLC increased its holdings in shares of Amazon.com by 2.3% during the fourth quarter. Bellwether Advisors LLC now owns 2,936 shares of the e-commerce giant’s stock worth $446,000 after buying an additional 66 shares in the last quarter. StrategIQ Financial Group LLC raised its stake in shares of Amazon.com by 0.3% in the fourth quarter. StrategIQ Financial Group LLC now owns 23,259 shares of the e-commerce giant’s stock valued at $3,534,000 after acquiring an additional 66 shares during the last quarter. Finally, Marion Wealth Management boosted its holdings in shares of Amazon.com by 1.6% in the 4th quarter. Marion Wealth Management now owns 4,321 shares of the e-commerce giant’s stock worth $657,000 after acquiring an additional 67 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AMZN. Piper Sandler lifted their price objective on Amazon.com from $185.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. The Goldman Sachs Group upped their price target on shares of Amazon.com from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Morgan Stanley boosted their target price on shares of Amazon.com from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Maxim Group started coverage on shares of Amazon.com in a research note on Wednesday, April 17th. They set a “buy” rating and a $218.00 price target on the stock. Finally, Moffett Nathanson restated a “buy” rating and issued a $228.00 price objective on shares of Amazon.com in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $202.80.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the sale, the chief executive officer now directly owns 130,600 shares in the company, valued at $23,688,228. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the transaction, the chief executive officer now owns 130,600 shares in the company, valued at approximately $23,688,228. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Insiders sold a total of 32,214,010 shares of company stock valued at $5,505,889,146 in the last quarter. 10.80% of the stock is currently owned by insiders.

Amazon.com Trading Up 1.5 %

AMZN opened at $177.23 on Tuesday. The stock has a market capitalization of $1.84 trillion, a P/E ratio of 61.11, a P/E/G ratio of 1.52 and a beta of 1.17. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 12 month low of $101.15 and a 12 month high of $189.77. The firm’s fifty day simple moving average is $177.38 and its 200 day simple moving average is $157.63.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. The company had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 earnings per share. As a group, research analysts anticipate that Amazon.com, Inc. will post 4.1 EPS for the current fiscal year.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.