State of New Jersey Common Pension Fund D Acquires 2,334 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

State of New Jersey Common Pension Fund D increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 3,446,431 shares of the e-commerce giant’s stock after acquiring an additional 2,334 shares during the period. Amazon.com makes up about 2.6% of State of New Jersey Common Pension Fund D’s holdings, making the stock its 4th largest holding. State of New Jersey Common Pension Fund D’s holdings in Amazon.com were worth $642,173,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Gunderson Capital Management Inc. lifted its position in Amazon.com by 7.6% in the second quarter. Gunderson Capital Management Inc. now owns 47,090 shares of the e-commerce giant’s stock valued at $9,100,000 after buying an additional 3,310 shares during the last quarter. VanderPol Investments L.L.C. raised its stake in shares of Amazon.com by 6.1% in the 2nd quarter. VanderPol Investments L.L.C. now owns 2,502 shares of the e-commerce giant’s stock valued at $484,000 after acquiring an additional 143 shares during the period. jvl associates llc raised its stake in shares of Amazon.com by 64.0% in the 2nd quarter. jvl associates llc now owns 5,253 shares of the e-commerce giant’s stock valued at $1,015,000 after acquiring an additional 2,050 shares during the period. Global Trust Asset Management LLC lifted its holdings in shares of Amazon.com by 3.3% in the 2nd quarter. Global Trust Asset Management LLC now owns 15,742 shares of the e-commerce giant’s stock worth $3,042,000 after acquiring an additional 502 shares during the last quarter. Finally, Cadent Capital Advisors LLC boosted its position in shares of Amazon.com by 13.2% during the 2nd quarter. Cadent Capital Advisors LLC now owns 2,047 shares of the e-commerce giant’s stock worth $396,000 after purchasing an additional 239 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

NASDAQ AMZN opened at $224.92 on Friday. The company has a fifty day moving average of $205.83 and a two-hundred day moving average of $191.30. The company has a market capitalization of $2.37 trillion, a PE ratio of 48.16, a P/E/G ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 1 year low of $144.05 and a 1 year high of $233.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS. As a group, analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on AMZN shares. Piper Sandler boosted their target price on Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. JMP Securities reaffirmed a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a research note on Monday, December 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a report on Friday, November 1st. Wedbush raised their target price on Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Moffett Nathanson lifted their target price on Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $243.00.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the sale, the insider now owns 917,416,976 shares in the company, valued at $191,602,535,437.60. This represents a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,034,534 shares of company stock valued at $1,253,883,872. 10.80% of the stock is currently owned by company insiders.

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.