Public Employees Retirement Association of Colorado reduced its stake in shares of Amazon.com Inc. (NASDAQ:AMZN) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 263,768 shares of the e-commerce giant’s stock after selling 3,821 shares during the period. Amazon.com comprises approximately 1.6% of Public Employees Retirement Association of Colorado’s holdings, making the stock its 4th largest position. Public Employees Retirement Association of Colorado’s holdings in Amazon.com were worth $188,758,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in AMZN. LPL Financial LLC increased its position in Amazon.com by 24.5% in the first quarter. LPL Financial LLC now owns 105,035 shares of the e-commerce giant’s stock valued at $61,567,000 after buying an additional 20,700 shares in the last quarter. Acadian Asset Management LLC increased its position in Amazon.com by 9.0% in the second quarter. Acadian Asset Management LLC now owns 117,216 shares of the e-commerce giant’s stock valued at $83,882,000 after buying an additional 9,640 shares in the last quarter. Prudential PLC increased its position in Amazon.com by 5.7% in the first quarter. Prudential PLC now owns 105,738 shares of the e-commerce giant’s stock valued at $62,771,000 after buying an additional 5,657 shares in the last quarter. Suvretta Capital Management LLC purchased a new position in Amazon.com during the first quarter valued at $147,407,000. Finally, British Columbia Investment Management Corp increased its position in Amazon.com by 1.3% in the second quarter. British Columbia Investment Management Corp now owns 204,723 shares of the e-commerce giant’s stock valued at $146,504,000 after buying an additional 2,602 shares in the last quarter. 65.44% of the stock is owned by institutional investors.
Shares of Amazon.com Inc. (NASDAQ:AMZN) traded down 0.76% during trading on Friday, hitting $822.96. The stock had a trading volume of 2,999,814 shares. The stock’s 50 day moving average is $800.02 and its 200 day moving average is $726.41. Amazon.com Inc. has a 52 week low of $474.00 and a 52 week high of $847.21. The stock has a market capitalization of $390.14 billion, a price-to-earnings ratio of 204.67 and a beta of 1.20.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.67. The company had revenue of $30.40 billion for the quarter, compared to the consensus estimate of $29.54 billion. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. The company’s quarterly revenue was up 31.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.19 earnings per share. On average, equities research analysts expect that Amazon.com Inc. will post $5.85 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on AMZN. Zacks Investment Research upgraded Amazon.com from a “hold” rating to a “buy” rating and set a $774.00 price objective for the company in a research note on Tuesday, June 28th. Jefferies Group reiterated a “buy” rating and issued a $865.00 price objective on shares of Amazon.com in a research note on Monday, June 27th. Morgan Stanley lifted their price objective on Amazon.com from $800.00 to $950.00 and gave the company an “overweight” rating in a research note on Wednesday, October 5th. Royal Bank Of Canada decreased their price objective on Amazon.com from $1,000.00 to $840.00 and set an “outperform” rating for the company in a research note on Friday, September 16th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $960.00 price objective on shares of Amazon.com in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating, forty-six have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $894.98.
In other Amazon.com news, CEO Jeffrey P. Bezos sold 1,000,000 shares of Amazon.com stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $756.74, for a total transaction of $756,740,000.00. Following the sale, the chief executive officer now directly owns 81,871,067 shares of the company’s stock, valued at $61,955,111,241.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 625 shares of Amazon.com stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $770.10, for a total value of $481,312.50. Following the sale, the vice president now directly owns 6,519 shares in the company, valued at $5,020,281.90. The disclosure for this sale can be found here. Company insiders own 17.70% of the company’s stock.
Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).
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