Amazon.com, Inc. (NASDAQ:AMZN) is Public Sector Pension Investment Board’s 4th Largest Position

Public Sector Pension Investment Board raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 17.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,357,819 shares of the e-commerce giant’s stock after purchasing an additional 347,441 shares during the period. Amazon.com accounts for about 2.4% of Public Sector Pension Investment Board’s investment portfolio, making the stock its 4th largest position. Public Sector Pension Investment Board’s holdings in Amazon.com were worth $439,332,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in AMZN. Alaska Wealth Advisors boosted its stake in Amazon.com by 6.6% during the 2nd quarter. Alaska Wealth Advisors now owns 3,391 shares of the e-commerce giant’s stock valued at $655,000 after purchasing an additional 209 shares during the period. BlueDrive Global Investors LLP raised its stake in Amazon.com by 33.5% during the 2nd quarter. BlueDrive Global Investors LLP now owns 65,182 shares of the e-commerce giant’s stock valued at $12,596,000 after purchasing an additional 16,362 shares during the last quarter. Centennial Wealth Advisory LLC boosted its holdings in Amazon.com by 8.0% in the 2nd quarter. Centennial Wealth Advisory LLC now owns 5,033 shares of the e-commerce giant’s stock valued at $973,000 after purchasing an additional 374 shares during the period. Geneva Partners LLC grew its holdings in shares of Amazon.com by 26.4% during the 2nd quarter. Geneva Partners LLC now owns 59,419 shares of the e-commerce giant’s stock worth $11,483,000 after purchasing an additional 12,424 shares in the last quarter. Finally, Aaron Wealth Advisors LLC increased its position in shares of Amazon.com by 5.3% during the second quarter. Aaron Wealth Advisors LLC now owns 36,875 shares of the e-commerce giant’s stock valued at $7,126,000 after purchasing an additional 1,846 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Down 2.4 %

AMZN opened at $222.11 on Wednesday. The stock has a market cap of $2.34 trillion, a PE ratio of 47.56, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. The stock’s fifty day simple moving average is $214.48 and its 200 day simple moving average is $194.73. Amazon.com, Inc. has a 1-year low of $146.15 and a 1-year high of $233.00. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

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

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 5,502 shares of Amazon.com stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the transaction, the chief executive officer now owns 518,911 shares in the company, valued at $106,797,072.91. The trade was a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock worth $1,253,456,822 in the last 90 days. Company insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on AMZN. BMO Capital Markets restated an “outperform” rating and set a $236.00 price target on shares of Amazon.com in a research note on Tuesday, December 3rd. Pivotal Research assumed coverage on shares of Amazon.com in a research report on Friday, October 11th. They set a “buy” rating and a $260.00 target price on the stock. Piper Sandler raised their price target on Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Evercore ISI lifted their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Susquehanna raised their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $243.67.

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.