New York State Common Retirement Fund Sells 311,910 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

New York State Common Retirement Fund cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,226,018 shares of the e-commerce giant’s stock after selling 311,910 shares during the period. Amazon.com accounts for approximately 3.4% of New York State Common Retirement Fund’s investment portfolio, making the stock its 4th largest holding. New York State Common Retirement Fund owned 0.12% of Amazon.com worth $2,326,122,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at $25,000. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com during the 4th quarter worth about $27,000. LSV Asset Management bought a new stake in shares of Amazon.com in the 4th quarter valued at approximately $35,000. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the 1st quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC bought a new stake in shares of Amazon.com in the 1st quarter valued at approximately $40,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider owned 883,779,901 shares of the company’s stock, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the completion of the transaction, the chief executive officer directly 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 a total of 25,102,037 shares of company stock valued at $5,674,937,048 in the last ninety days. Company insiders own 9.70% of the company’s stock.

Amazon.com Trading Down 0.2%

Shares of AMZN opened at $222.69 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The firm has a market capitalization of $2.37 trillion, a PE ratio of 33.95, a price-to-earnings-growth ratio of 1.50 and a beta of 1.31. The stock’s fifty day simple moving average is $219.65 and its 200-day simple moving average is $208.98.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The business had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the prior year, the firm posted $1.26 earnings per share. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group restated a “buy” rating on shares of Amazon.com in a report on Friday, August 1st. JMP Securities reiterated a “market outperform” rating and set a $285.00 price target on shares of Amazon.com in a report on Friday, August 1st. Wells Fargo & Company upped their price target on Amazon.com from $238.00 to $245.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. BNP Paribas upgraded Amazon.com from a “hold” rating to a “strong-buy” rating in a report on Friday, June 27th. Finally, Evercore ISI cut their price target on Amazon.com from $270.00 to $260.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. One research analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Buy” and a consensus price target of $262.45.

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.