Retirement Systems of Alabama Has $214,189,000 Position in Amazon.com Inc. (AMZN)
Retirement Systems of Alabama reduced its stake in shares of Amazon.com Inc. (NASDAQ:AMZN) by 2.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 299,305 shares of the e-commerce giant’s stock after selling 8,661 shares during the period. Amazon.com accounts for about 1.3% of Retirement Systems of Alabama’s holdings, making the stock its 7th largest position. Retirement Systems of Alabama owned 0.06% of Amazon.com worth $214,189,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of AMZN. LPL Financial LLC raised its stake in shares of 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 during the last quarter. Acadian Asset Management LLC raised its stake in shares of 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 during the last quarter. Prudential PLC raised its stake in shares of 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 during the last quarter. Suvretta Capital Management LLC acquired a new stake in shares of Amazon.com during the first quarter valued at approximately $147,407,000. Finally, British Columbia Investment Management Corp raised its stake in shares of 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 during the last quarter. 65.44% of the stock is currently owned by institutional investors.
Amazon.com Inc. (NASDAQ:AMZN) traded down 0.07% during mid-day trading on Monday, reaching $836.74. The company’s stock had a trading volume of 2,769,448 shares. The stock’s 50-day moving average is $781.12 and its 200-day moving average is $712.35. Amazon.com Inc. has a 12 month low of $474.00 and a 12 month high of $839.95. The firm has a market capitalization of $396.68 billion, a PE ratio of 208.09 and a beta of 1.19.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.67. The company earned $30.40 billion during 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 revenue was up 31.1% on a year-over-year basis. During the same period last year, the firm earned $0.19 earnings per share. On average, equities analysts anticipate that Amazon.com Inc. will post $5.82 EPS for the current year.
Several research firms have recently weighed in on AMZN. JMP Securities restated a “buy” rating and issued a $775.00 target price on shares of Amazon.com in a research report on Saturday, July 9th. Deutsche Bank AG restated a “buy” rating and issued a $900.00 target price on shares of Amazon.com in a research report on Sunday, July 10th. Bank of America Corp. restated a “buy” rating and issued a $840.00 target price on shares of Amazon.com in a research report on Sunday, July 17th. Zacks Investment Research downgraded Amazon.com from a “buy” rating to a “hold” rating in a research report on Monday. Finally, RBC Capital Markets set a $840.00 target price on Amazon.com and gave the company a “buy” rating in a research report on Friday, July 29th. Seven equities research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $885.11.
In other news, VP Shelley Reynolds sold 625 shares of the firm’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $770.10, for a total transaction of $481,312.50. Following the completion of the sale, the vice president now directly owns 6,519 shares in the company, valued at $5,020,281.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the firm’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $756.74, for a total value of $756,740,000.00. Following the sale, the chief executive officer now owns 81,871,067 shares of the company’s stock, valued at $61,955,111,241.58. The disclosure for this sale can be found here. Insiders own 17.70% of the company’s stock.
Amazon.com Company Profile
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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