Public Employees Retirement Association of Colorado Decreases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Public Employees Retirement Association of Colorado trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 6.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 5,617,182 shares of the e-commerce giant’s stock after selling 396,644 shares during the period. Amazon.com comprises approximately 4.9% of Public Employees Retirement Association of Colorado’s holdings, making the stock its 4th largest holding. Public Employees Retirement Association of Colorado owned about 0.05% of Amazon.com worth $1,232,354,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of AMZN. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com during the 4th quarter worth $27,000. Accordant Advisory Group Inc raised its stake in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after buying an additional 100 shares during the period. LSV Asset Management acquired a new stake in Amazon.com during the 4th quarter worth $35,000. Perritt Capital Management Inc raised its stake in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 80 shares during the period. Finally, Compass Planning Associates Inc acquired a new stake in Amazon.com during the 4th quarter worth $51,000. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on AMZN shares. Piper Sandler reissued an “overweight” rating and issued a $212.00 price target (down previously from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Needham & Company LLC reissued a “buy” rating and issued a $220.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Cantor Fitzgerald lifted their price target on Amazon.com from $230.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Scotiabank dropped their price target on Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating on the stock in a research note on Monday, April 21st. Finally, DA Davidson dropped their price target on Amazon.com from $280.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $244.09.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 4,784 shares of the firm’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $205.05, for a total transaction of $980,959.20. Following the sale, the chief executive officer now directly owns 514,150 shares in the company, valued at approximately $105,426,457.50. This trade represents a 0.92% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90. The trade was a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,081 shares of company stock valued at $17,421,044. Insiders own 9.70% of the company’s stock.

Amazon.com Trading Up 0.3%

Shares of Amazon.com stock opened at $206.16 on Tuesday. The company has a 50-day moving average of $189.48 and a two-hundred day moving average of $208.82. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.19 trillion, a PE ratio of 37.28, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. During the same period last year, the company posted $0.98 EPS. The company’s revenue was up 8.6% on a year-over-year basis. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 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.