California Public Employees Retirement System grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 862,879 shares of the e-commerce giant’s stock after acquiring an additional 24,340 shares during the quarter. Amazon.com comprises about 1.2% of California Public Employees Retirement System’s portfolio, making the stock its 8th biggest position. California Public Employees Retirement System owned approximately 0.18% of Amazon.com worth $829,529,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in AMZN. Vanguard Group Inc. raised its holdings in Amazon.com by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock worth $26,003,758,000 after purchasing an additional 764,115 shares during the period. BlackRock Inc. raised its holdings in Amazon.com by 2.4% in the 2nd quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock worth $23,160,193,000 after purchasing an additional 554,990 shares during the period. Capital Research Global Investors increased its stake in Amazon.com by 0.4% during the 2nd quarter. Capital Research Global Investors now owns 10,711,772 shares of the e-commerce giant’s stock worth $10,368,995,000 after buying an additional 40,068 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in Amazon.com by 1.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 2,828,302 shares of the e-commerce giant’s stock worth $2,737,796,000 after buying an additional 46,800 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Amazon.com by 2.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,071,370 shares of the e-commerce giant’s stock worth $2,005,838,000 after buying an additional 53,792 shares in the last quarter. Institutional investors and hedge funds own 60.22% of the company’s stock.
Amazon.com, Inc. (AMZN) traded up $5.74 during trading on Wednesday, hitting $1,593.92. 3,517,284 shares of the stock traded hands, compared to its average volume of 6,590,000. The company has a quick ratio of 0.76, a current ratio of 1.04 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $770,960.00, a PE ratio of 348.02, a PEG ratio of 7.03 and a beta of 1.54. Amazon.com, Inc. has a twelve month low of $833.50 and a twelve month high of $1,617.54.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 EPS for the quarter, beating the consensus estimate of $1.85 by $0.31. Amazon.com had a net margin of 1.71% and a return on equity of 9.23%. The business had revenue of $60.45 billion during the quarter, compared to analyst estimates of $59.85 billion. During the same period in the prior year, the business earned $1.54 earnings per share. The business’s quarterly revenue was up 38.2% on a year-over-year basis. equities research analysts forecast that Amazon.com, Inc. will post 8.49 earnings per share for the current year.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,000 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $1,454.37, for a total value of $2,908,740.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 544 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $1,462.32, for a total transaction of $795,502.08. Following the completion of the sale, the vice president now directly owns 6,533 shares of the company’s stock, valued at $9,553,336.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,714 shares of company stock worth $8,462,195. 17.00% of the stock is currently owned by company insiders.
A number of equities research analysts have recently issued reports on AMZN shares. Vetr lowered Amazon.com from a “hold” rating to a “sell” rating and set a $1,346.44 price target for the company. in a research report on Monday, January 29th. Wells Fargo & Co increased their price objective on Amazon.com to $1,525.00 and gave the stock an “outperform” rating in a research report on Friday, December 1st. They noted that the move was a valuation call. Goldman Sachs Group reiterated a “conviction-buy” rating on shares of Amazon.com in a research report on Friday, February 2nd. UBS Group upped their price target on Amazon.com to $1,760.00 and gave the stock a “buy” rating in a research note on Friday, March 9th. They noted that the move was a valuation call. Finally, BidaskClub upgraded Amazon.com from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 24th. Five investment analysts have rated the stock with a hold rating, forty-seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Amazon.com currently has a consensus rating of “Buy” and an average target price of $1,475.28.
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Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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