Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 652,390 shares of the e-commerce giant’s stock after buying an additional 16,850 shares during the period. Amazon.com accounts for approximately 2.0% of Illinois Municipal Retirement Fund’s portfolio, making the stock its 4th largest holding. Illinois Municipal Retirement Fund’s holdings in Amazon.com were worth $143,128,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Rench Wealth Management Inc. lifted its holdings in shares of Amazon.com by 7.9% during the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock worth $9,392,000 after acquiring an additional 3,703 shares during the period. Blankinship & Foster LLC increased its position in Amazon.com by 216.4% during the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock worth $1,291,000 after purchasing an additional 4,740 shares during the last quarter. Umpqua Bank raised its stake in Amazon.com by 0.4% during the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock worth $6,544,000 after purchasing an additional 137 shares during the period. One Wealth Capital Management LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at $4,270,000. Finally, Floyd Financial Group LLC purchased a new stake in shares of Amazon.com during the 4th quarter valued at $4,494,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock valued at $22,871,828 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $201.36 on Friday. The business has a fifty day moving average of $217.53 and a 200-day moving average of $208.75. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The firm has a market cap of $2.13 trillion, a PE ratio of 36.41, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the topic of several research reports. DA Davidson increased their target price on Amazon.com from $235.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Benchmark raised their price objective on Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Sanford C. Bernstein boosted their target price on Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. JMP Securities reaffirmed a “market outperform” rating and set a $285.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $260.65.

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.