Utah Retirement Systems Purchases 19,500 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Utah Retirement Systems raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,557,265 shares of the e-commerce giant’s stock after purchasing an additional 19,500 shares during the quarter. Amazon.com comprises approximately 3.8% of Utah Retirement Systems’ investment portfolio, making the stock its 4th biggest holding. Utah Retirement Systems’ holdings in Amazon.com were worth $341,648,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AMZN. Bard Financial Services Inc. increased its stake in shares of Amazon.com by 0.9% in the fourth quarter. Bard Financial Services Inc. now owns 55,690 shares of the e-commerce giant’s stock valued at $12,218,000 after purchasing an additional 475 shares during the period. Iowa State Bank increased its stake in shares of Amazon.com by 1.3% in the fourth quarter. Iowa State Bank now owns 47,054 shares of the e-commerce giant’s stock valued at $10,323,000 after purchasing an additional 602 shares during the period. Kozak & Associates Inc. increased its stake in shares of Amazon.com by 3.7% in the fourth quarter. Kozak & Associates Inc. now owns 83,736 shares of the e-commerce giant’s stock valued at $18,773,000 after purchasing an additional 2,950 shares during the period. Insight Wealth Strategies LLC increased its stake in shares of Amazon.com by 1.0% in the fourth quarter. Insight Wealth Strategies LLC now owns 27,811 shares of the e-commerce giant’s stock valued at $6,101,000 after purchasing an additional 265 shares during the period. Finally, Fortem Financial Group LLC increased its stake in shares of Amazon.com by 7.8% in the fourth quarter. Fortem Financial Group LLC now owns 21,076 shares of the e-commerce giant’s stock valued at $4,624,000 after purchasing an additional 1,526 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

AMZN has been the topic of a number of research analyst reports. Maxim Group raised their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Mizuho lowered their price objective on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. BNP Paribas upgraded shares of Amazon.com to a “hold” rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. raised their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Amazon.com from $287.00 to $206.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $244.09.

Amazon.com Stock Up 0.3%

AMZN stock opened at $206.16 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a fifty day simple moving average of $189.48 and a 200 day simple moving average of $208.82. The firm has a market cap of $2.19 trillion, a PE ratio of 37.28, a PEG ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN) last released its earnings results 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. The firm had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 EPS. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $26,647,456.60. The trade was a 6.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian T. Olsavsky sold 14,620 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the transaction, the chief financial officer now owns 49,000 shares in the company, valued at approximately $10,933,860. The trade was a 22.98% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 80,081 shares of company stock valued at $17,421,044 in the last quarter. Insiders own 9.70% of the company’s stock.

Amazon.com 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.