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 shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. 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 portfolio, 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Stockman Wealth Management Inc. lifted its position in shares of Amazon.com by 2.8% in the third quarter. Stockman Wealth Management Inc. now owns 89,394 shares of the e-commerce giant's stock valued at $16,657,000 after acquiring an additional 2,454 shares in the last quarter. River Global Investors LLP boosted its holdings in Amazon.com by 3.0% in the 3rd quarter. River Global Investors LLP now owns 86,395 shares of the e-commerce giant's stock valued at $16,097,000 after purchasing an additional 2,491 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. lifted its stake in shares of Amazon.com by 1.6% in the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 35,566 shares of the e-commerce giant's stock valued at $6,627,000 after purchasing an additional 568 shares during the last quarter. Maiden Cove Capital LLC purchased a new position in Amazon.com during the third quarter worth about $781,000. Finally, Tyler Stone Wealth Management lifted its stake in Amazon.com by 130.7% during the 3rd quarter. Tyler Stone Wealth Management now owns 42,819 shares of the e-commerce giant's stock worth $7,978,000 after acquiring an additional 24,256 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Price Performance

AMZN stock traded up $1.63 during trading on Friday, reaching $224.92. 87,060,734 shares of the company were exchanged, compared to its average volume of 41,415,395. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock's 50 day moving average price is $205.83 and its 200 day moving average price is $191.38. Amazon.com, Inc. has a 52-week low of $144.05 and a 52-week high of $233.00. The company has a market cap of $2.37 trillion, a P/E ratio of 48.16, a PEG ratio of 1.54 and a beta of 1.16.

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

Wall Street Analyst Weigh In

Several research firms have commented on AMZN. Roth Mkm boosted 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. Benchmark increased their price objective on shares of Amazon.com from $200.00 to $215.00 and gave the company a "buy" rating in a research report on Friday, November 1st. BMO Capital Markets reaffirmed an "outperform" rating and set a $236.00 price objective on shares of Amazon.com in a research report on Tuesday, December 3rd. Monness Crespi & Hardt raised their price target on Amazon.com from $225.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $230.00 price objective on shares of Amazon.com in a research report on Monday, October 7th. 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 company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $243.00.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the sale, the chief executive officer now owns 518,911 shares of the company's stock, valued at $106,797,072.91. This trade represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the sale, the director now owns 88,203 shares of the company's stock, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,034,534 shares of company stock valued at $1,253,883,872. Insiders own 10.80% of the company's stock.

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.