Maryland State Retirement & Pension System Has $111.31 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Maryland State Retirement & Pension System reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 507,378 shares of the e-commerce giant’s stock after selling 26,937 shares during the period. Amazon.com comprises 2.4% of Maryland State Retirement & Pension System’s portfolio, making the stock its 5th largest holding. Maryland State Retirement & Pension System’s holdings in Amazon.com were worth $111,314,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Compass Ion Advisors LLC grew its position in shares of Amazon.com by 1.1% during the fourth quarter. Compass Ion Advisors LLC now owns 25,980 shares of the e-commerce giant’s stock worth $5,700,000 after purchasing an additional 291 shares in the last quarter. Enhancing Capital LLC purchased a new position in Amazon.com in the fourth quarter worth about $3,057,000. Xponance Inc. boosted its stake in Amazon.com by 3.2% during the fourth quarter. Xponance Inc. now owns 2,315,548 shares of the e-commerce giant’s stock worth $508,008,000 after buying an additional 72,558 shares during the period. Boston Partners bought a new position in Amazon.com during the 4th quarter valued at about $6,197,000. Finally, Generali Asset Management SPA SGR bought a new stake in shares of Amazon.com during the 4th quarter worth approximately $82,032,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,798 shares of company stock worth $23,341,803 over the last 90 days. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $172.51 on Friday. The company has a fifty day simple moving average of $198.44 and a two-hundred day simple moving average of $208.04. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a market cap of $1.83 trillion, a price-to-earnings ratio of 31.19, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Mizuho reduced their target price on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. JPMorgan Chase & Co. dropped their target price on Amazon.com from $270.00 to $220.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Telsey Advisory Group reissued an “outperform” rating and issued a $275.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Wedbush reaffirmed an “outperform” rating and issued a $280.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Finally, Royal Bank of Canada raised their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $252.73.

About Amazon.com

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.