New York State Teachers Retirement System Has $1.81 Billion Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

New York State Teachers Retirement System trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,233,595 shares of the e-commerce giant's stock after selling 341,712 shares during the period. Amazon.com comprises about 3.8% of New York State Teachers Retirement System's holdings, making the stock its 4th largest position. New York State Teachers Retirement System owned approximately 0.08% of Amazon.com worth $1,806,368,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Rench Wealth Management Inc. lifted its stake in 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 valued at $9,392,000 after acquiring an additional 3,703 shares in the last quarter. Foundations Investment Advisors LLC lifted its position in shares of Amazon.com by 9.7% during the third quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant's stock valued at $34,395,000 after purchasing an additional 16,392 shares in the last quarter. Blankinship & Foster LLC boosted its holdings 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 boosted its holdings 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 last quarter. Finally, One Wealth Capital Management LLC bought a new stake in Amazon.com in the 4th quarter worth about $4,270,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analyst Ratings Changes

AMZN has been the topic of several recent analyst reports. Royal Bank of Canada lifted their target price on shares of Amazon.com from $255.00 to $265.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Cantor Fitzgerald reiterated an "overweight" rating and set a $270.00 price target on shares of Amazon.com in a report on Friday, February 7th. Sanford C. Bernstein upped their price objective on Amazon.com from $235.00 to $265.00 and gave the company an "outperform" rating in a research note on Wednesday, December 18th. Robert W. Baird lifted their target price on Amazon.com from $220.00 to $260.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Finally, Canaccord Genuity Group reissued a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and an average target price of $260.65.

Amazon.com Price Performance

Shares of Amazon.com stock traded down $2.21 on Monday, hitting $195.74. 47,047,364 shares of the company traded hands, compared to its average volume of 38,212,310. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The firm's 50-day simple moving average is $221.65 and its 200 day simple moving average is $207.76. The company has a market cap of $2.07 trillion, a P/E ratio of 35.40, a P/E/G ratio of 1.50 and a beta of 1.19. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, SVP David Zapolsky sold 5,848 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.72, for a total value of $1,290,770.56. Following the transaction, the senior vice president now directly owns 69,162 shares of the company's stock, valued at $15,265,436.64. The trade was a 7.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the business'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 value of $1,965,077.51. Following the completion of the sale, the vice president now owns 119,780 shares of the company's stock, valued at $26,647,456.60. The trade was a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock worth $22,871,828 in the last quarter. 10.80% of the stock is owned by insiders.

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.