Employees Retirement System of Texas Has $386.78 Million Holdings in Amazon.com, Inc. $AMZN

Employees Retirement System of Texas increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,762,977 shares of the e-commerce giant’s stock after acquiring an additional 108,333 shares during the period. Amazon.com makes up about 3.1% of Employees Retirement System of Texas’ holdings, making the stock its 6th biggest position. Employees Retirement System of Texas’ holdings in Amazon.com were worth $386,780,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Carderock Capital Management Inc. bought a new position in Amazon.com in the 2nd quarter worth about $27,000. Maryland Capital Advisors Inc. boosted its position in shares of Amazon.com by 81.9% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 95 shares during the last quarter. Ryan Investment Management Inc. purchased a new position in shares of Amazon.com during the second quarter worth about $48,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Amazon.com in the first quarter worth approximately $59,000. Finally, Access Investment Management LLC purchased a new stake in Amazon.com in the second quarter valued at approximately $74,000. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Barclays reissued an “overweight” rating and issued a $300.00 price target (up previously from $275.00) on shares of Amazon.com in a research note on Friday, October 31st. Rosenblatt Securities reiterated a “buy” rating and issued a $305.00 target price on shares of Amazon.com in a research report on Thursday, December 4th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $305.00 target price on shares of Amazon.com in a research note on Tuesday, December 2nd. Wolfe Research raised their price target on Amazon.com from $265.00 to $270.00 in a research report on Tuesday, September 30th. Finally, Zacks Research upgraded Amazon.com from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $295.43.

Amazon.com Trading Up 1.7%

NASDAQ AMZN opened at $231.78 on Thursday. The firm has a market cap of $2.48 trillion, a PE ratio of 32.74, a price-to-earnings-growth ratio of 1.57 and a beta of 1.37. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $258.60. The stock has a 50-day moving average of $229.06 and a 200-day moving average of $224.52. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. The business had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.43 EPS. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity

In other news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $216.94, for a total value of $4,311,031.68. Following the completion of the transaction, the chief executive officer owned 2,208,310 shares of the company’s stock, valued at approximately $479,070,771.40. This represents a 0.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $226.61, for a total value of $280,316.57. Following the transaction, the director directly owned 26,148 shares of the company’s stock, valued at $5,925,398.28. This represents a 4.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 82,234 shares of company stock valued at $19,076,767. 9.70% of the stock is owned by insiders.

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.