Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Arizona State Retirement System

Arizona State Retirement System grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,788,602 shares of the e-commerce giant’s stock after buying an additional 38,653 shares during the quarter. Amazon.com makes up about 3.4% of Arizona State Retirement System’s investment portfolio, making the stock its 4th largest holding. Arizona State Retirement System’s holdings in Amazon.com were worth $530,559,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in AMZN. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com in the 4th quarter worth approximately $25,000. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com in the 4th quarter worth approximately $27,000. LSV Asset Management acquired a new stake in Amazon.com in the 4th quarter worth approximately $35,000. Cooksen Wealth LLC acquired a new stake in Amazon.com in the 1st quarter worth approximately $36,000. Finally, Inlight Wealth Management LLC acquired a new stake in Amazon.com in the 1st quarter worth approximately $40,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of AMZN stock opened at $222.69 on Friday. The stock’s fifty day moving average is $219.65 and its 200-day moving average is $208.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock has a market capitalization of $2.37 trillion, a PE ratio of 33.95, a PEG ratio of 1.50 and a beta of 1.31. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion for the quarter, compared to analysts’ expectations of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.26 earnings per share. Equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the sale, the insider owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. This represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $217.00, for a total value of $542,500.00. Following the sale, the chief executive officer owned 512,050 shares in the company, valued at $111,114,850. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,102,037 shares of company stock worth $5,674,937,048 in the last 90 days. Company insiders own 9.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Telsey Advisory Group boosted their target price on Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Citigroup upped their price target on Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Wedbush upped their price target on Amazon.com from $235.00 to $250.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. The Goldman Sachs Group reiterated a “buy” rating on shares of Amazon.com in a report on Friday, August 1st. Finally, Stifel Nicolaus upped their price target on Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. One investment analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $262.45.

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.