New York State Teachers Retirement System Sells 341,712 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

New York State Teachers Retirement System reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,233,595 shares of the e-commerce giant’s stock after selling 341,712 shares during the period. Amazon.com comprises 3.8% of New York State Teachers Retirement System’s holdings, making the stock its 4th biggest position. New York State Teachers Retirement System owned about 0.08% of Amazon.com worth $1,806,368,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. AMF Tjanstepension AB raised its holdings in Amazon.com by 44.3% in the 3rd quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock worth $492,172,000 after purchasing an additional 811,425 shares during the period. Swedbank AB increased its holdings in Amazon.com by 1.4% in the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock worth $2,484,864,000 after acquiring an additional 183,610 shares in the last quarter. First Pacific Financial raised its position in Amazon.com by 7.2% during the third quarter. First Pacific Financial now owns 4,274 shares of the e-commerce giant’s stock worth $796,000 after acquiring an additional 286 shares during the period. Keystone Wealth Services LLC raised its position in shares of Amazon.com by 27.0% during the 3rd quarter. Keystone Wealth Services LLC now owns 20,299 shares of the e-commerce giant’s stock worth $3,782,000 after purchasing an additional 4,312 shares during the last quarter. Finally, Dover Advisors LLC raised its holdings in shares of Amazon.com by 6.9% during the third quarter. Dover Advisors LLC now owns 24,761 shares of the e-commerce giant’s stock valued at $4,614,000 after acquiring an additional 1,606 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on AMZN. Redburn Atlantic boosted their price target on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. HSBC boosted their price target on shares of Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Phillip Securities cut Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 10th. Stifel Nicolaus upped their price objective on shares of Amazon.com from $245.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Robert W. Baird lifted their price objective on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $260.65.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction that occurred 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. This trade 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 102,298 shares of company stock worth $22,871,828 over the last ninety days. 10.80% of the stock is currently owned by company insiders.

Amazon.com Trading Down 2.5 %

Shares of AMZN stock opened at $193.89 on Friday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $222.18 and its two-hundred day moving average is $207.10. The company has a market capitalization of $2.05 trillion, a P/E ratio of 35.06, 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 analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.