Amazon.com, Inc. (AMZN) Position Lowered by Teachers Retirement System of The State of Kentucky
Teachers Retirement System of The State of Kentucky decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,262 shares of the e-commerce giant’s stock after selling 7,946 shares during the period. Amazon.com accounts for approximately 1.4% of Teachers Retirement System of The State of Kentucky’s portfolio, making the stock its 2nd largest position. Teachers Retirement System of The State of Kentucky’s holdings in Amazon.com were worth $114,596,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently made changes to their positions in the stock. Norges Bank bought a new position in Amazon.com during the fourth quarter valued at about $2,736,365,000. State Street Corp raised its position in Amazon.com by 1.1% in the first quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock valued at $14,667,392,000 after buying an additional 186,756 shares during the period. Karp Capital Management Corp bought a new position in Amazon.com during the first quarter valued at about $157,189,000. Canada Pension Plan Investment Board raised its position in Amazon.com by 401.7% in the first quarter. Canada Pension Plan Investment Board now owns 158,030 shares of the e-commerce giant’s stock valued at $140,100,000 after buying an additional 126,534 shares during the period. Finally, Capital Guardian Trust Co. raised its position in Amazon.com by 53.5% in the fourth quarter. Capital Guardian Trust Co. now owns 235,641 shares of the e-commerce giant’s stock valued at $176,700,000 after buying an additional 82,121 shares during the period. Hedge funds and other institutional investors own 61.90% of the company’s stock.
Amazon.com, Inc. (NASDAQ:AMZN) traded down 0.2899% on Wednesday, hitting $979.8908. The stock had a trading volume of 1,256,080 shares. Amazon.com, Inc. has a 12-month low of $710.10 and a 12-month high of $1,083.31. The company’s 50 day moving average is $997.21 and its 200 day moving average is $929.59. The firm has a market cap of $470.72 billion, a PE ratio of 249.2093 and a beta of 1.48.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $1.40 by $1.00. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The company had revenue of $37.96 billion for the quarter, compared to analyst estimates of $37.18 billion. During the same quarter in the prior year, the firm earned $1.78 EPS. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year. On average, equities research analysts expect that Amazon.com, Inc. will post $3.83 EPS for the current fiscal year.
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Several equities analysts have issued reports on the company. SunTrust Banks, Inc. assumed coverage on Amazon.com in a research note on Tuesday. They issued a “buy” rating and a $1,220.00 target price on the stock. Cowen and Company reiterated an “outperform” rating and issued a $1,125.00 target price on shares of Amazon.com in a research note on Thursday, August 10th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $1,200.00 target price on shares of Amazon.com in a research note on Thursday, August 10th. Tigress Financial reiterated a “buy” rating on shares of Amazon.com in a research note on Wednesday, August 9th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “conviction-buy” rating and issued a $1,275.00 target price on shares of Amazon.com in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, forty-four have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $1,073.48.
In related news, CEO Jeffrey A. Wilke sold 4,000 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $969.73, for a total value of $3,878,920.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $9,697,300. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey A. Wilke sold 710 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $987.39, for a total value of $701,046.90. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $9,873,900. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,890 shares of company stock worth $10,800,023. 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 operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
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