Arizona State Retirement System Boosts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Arizona State Retirement System increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,749,949 shares of the e-commerce giant’s stock after purchasing an additional 54,578 shares during the quarter. Amazon.com accounts for 3.7% of Arizona State Retirement System’s holdings, making the stock its 4th biggest position. Arizona State Retirement System’s holdings in Amazon.com were worth $603,311,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Verdence Capital Advisors LLC lifted its position in shares of Amazon.com by 3.0% in the 4th quarter. Verdence Capital Advisors LLC now owns 74,773 shares of the e-commerce giant’s stock valued at $16,404,000 after acquiring an additional 2,143 shares in the last quarter. Vantage Financial Partners LLC lifted its stake in Amazon.com by 4.2% in the 4th quarter. Vantage Financial Partners LLC now owns 6,072 shares of the e-commerce giant’s stock worth $1,332,000 after acquiring an additional 245 shares in the last quarter. Proficio Capital Partners LLC lifted its stake in Amazon.com by 16.9% in the 4th quarter. Proficio Capital Partners LLC now owns 82,376 shares of the e-commerce giant’s stock worth $18,072,000 after acquiring an additional 11,907 shares in the last quarter. Boulder Wealth Advisors LLC grew its stake in Amazon.com by 19.3% during the 4th quarter. Boulder Wealth Advisors LLC now owns 1,533 shares of the e-commerce giant’s stock valued at $336,000 after acquiring an additional 248 shares in the last quarter. Finally, SPC Financial Inc. increased its holdings in shares of Amazon.com by 0.7% in the 4th quarter. SPC Financial Inc. now owns 22,700 shares of the e-commerce giant’s stock valued at $4,980,000 after purchasing an additional 165 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the subject of several research reports. UBS Group raised their price target on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Canaccord Genuity Group restated a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Roth Mkm upped their price target on shares of Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Barclays raised their price objective on shares of Amazon.com from $235.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Finally, Morgan Stanley boosted their price target on Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Two analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $260.53.

Amazon.com Stock Down 4.2 %

Shares of NASDAQ:AMZN opened at $171.00 on Friday. The stock has a 50 day moving average price of $212.18 and a 200-day moving average price of $209.06. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The firm has a market capitalization of $1.81 trillion, a P/E ratio of 30.92, a P/E/G ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

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 analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In related news, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock valued at $23,341,803 over the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com 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.