California State Teachers Retirement System reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 685,941 shares of the e-commerce giant’s stock after selling 12,148 shares during the period. Amazon.com comprises approximately 2.1% of California State Teachers Retirement System’s portfolio, making the stock its 3rd biggest holding. California State Teachers Retirement System owned about 0.14% of Amazon.com worth $992,790,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Mackay Shields LLC bought a new stake in Amazon.com in the first quarter valued at $248,912,000. Natixis boosted its holdings in Amazon.com by 296.9% in the first quarter. Natixis now owns 198,729 shares of the e-commerce giant’s stock valued at $287,629,000 after acquiring an additional 148,654 shares in the last quarter. ADAMCAPITAL Gestao de Recursos Ltda. bought a new stake in Amazon.com in the fourth quarter valued at $172,579,000. Dimensional Fund Advisors LP boosted its holdings in Amazon.com by 10.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,172,604 shares of the e-commerce giant’s stock valued at $1,697,157,000 after acquiring an additional 111,563 shares in the last quarter. Finally, Alkeon Capital Management LLC boosted its holdings in Amazon.com by 95.2% in the fourth quarter. Alkeon Capital Management LLC now owns 226,917 shares of the e-commerce giant’s stock valued at $265,373,000 after acquiring an additional 110,691 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.
In related news, Director Tom A. Alberg sold 2,320 shares of the firm’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $1,827.29, for a total transaction of $4,239,312.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $1,981.72, for a total value of $3,963,440.00. Following the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $19,817,200. The disclosure for this sale can be found here. Insiders have sold a total of 25,308 shares of company stock worth $47,905,498 in the last three months. Corporate insiders own 16.30% of the company’s stock.
AMZN has been the subject of several recent research reports. JPMorgan Chase & Co. reissued a “buy” rating on shares of Amazon.com in a research report on Tuesday, August 7th. Macquarie reissued a “buy” rating on shares of Amazon.com in a research report on Wednesday, August 29th. Morgan Stanley reaffirmed an “overweight” rating and issued a $2,500.00 price target (up previously from $1,850.00) on shares of Amazon.com in a research report on Wednesday, August 29th. ValuEngine lowered Amazon.com from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Finally, MKM Partners lifted their price target on Amazon.com from $1,840.00 to $2,215.00 and gave the stock a “buy” rating in a research report on Wednesday, August 22nd. One investment analyst has rated the stock with a hold rating and fifty-one have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $1,976.73.
Shares of AMZN traded down $19.68 during midday trading on Friday, reaching $1,970.19. 3,585,464 shares of the stock were exchanged, compared to its average volume of 4,423,600. Amazon.com, Inc. has a 52 week low of $931.75 and a 52 week high of $2,050.50. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $970.60 billion, a price-to-earnings ratio of 433.01, a PEG ratio of 4.15 and a beta of 1.60.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $2.58. Amazon.com had a return on equity of 18.47% and a net margin of 3.02%. The business had revenue of $52.89 billion for the quarter, compared to the consensus estimate of $53.37 billion. During the same quarter in the prior year, the company earned $0.40 EPS. The business’s revenue was up 39.3% compared to the same quarter last year. equities research analysts predict that Amazon.com, Inc. will post 17.77 EPS for the current year.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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