Retirement Systems of Alabama Has $810.98 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Retirement Systems of Alabama cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,696,502 shares of the e-commerce giant’s stock after selling 13,366 shares during the quarter. Amazon.com comprises about 3.0% of Retirement Systems of Alabama’s portfolio, making the stock its 4th biggest holding. Retirement Systems of Alabama’s holdings in Amazon.com were worth $810,976,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Silverlake Wealth Management LLC boosted its stake in Amazon.com by 7.2% in the 4th quarter. Silverlake Wealth Management LLC now owns 8,012 shares of the e-commerce giant’s stock valued at $1,758,000 after purchasing an additional 535 shares during the period. Sargent Investment Group LLC lifted its position in shares of Amazon.com by 17.7% during the 4th quarter. Sargent Investment Group LLC now owns 61,851 shares of the e-commerce giant’s stock valued at $13,512,000 after acquiring an additional 9,312 shares during the period. Fusion Family Wealth LLC bought a new stake in shares of Amazon.com during the 4th quarter valued at $207,000. Cassia Capital Partners LLC lifted its position in shares of Amazon.com by 31.1% during the 4th quarter. Cassia Capital Partners LLC now owns 5,462 shares of the e-commerce giant’s stock valued at $1,198,000 after acquiring an additional 1,297 shares during the period. Finally, Redwood Wealth Management Group LLC lifted its position in shares of Amazon.com by 2.6% during the 4th quarter. Redwood Wealth Management Group LLC now owns 5,668 shares of the e-commerce giant’s stock valued at $1,244,000 after acquiring an additional 143 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMZN. DA Davidson upped their target price on Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Redburn Atlantic upped their target price on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. upped their target price on Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group upped their target price on Amazon.com from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Canaccord Genuity Group reissued a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $260.65.

Amazon.com Stock Up 1.7 %

Shares of Amazon.com stock opened at $212.32 on Friday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The stock’s 50-day moving average is $226.44 and its 200 day moving average is $205.61. The firm has a market cap of $2.25 trillion, a price-to-earnings ratio of 38.39, a PEG ratio of 1.50 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the transaction, the chief executive officer now owns 524,567 shares in the company, valued at approximately $110,159,070. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 110,149 shares of company stock worth $24,606,905 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

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.