Amazon.com, Inc. (NASDAQ:AMZN) Holdings Trimmed by Employees Retirement System of Texas

Employees Retirement System of Texas reduced its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,767,053 shares of the e-commerce giant's stock after selling 46,107 shares during the quarter. Amazon.com comprises about 1.9% of Employees Retirement System of Texas' holdings, making the stock its 10th largest position. Employees Retirement System of Texas' holdings in Amazon.com were worth $387,674,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Amazon.com during the 4th quarter worth $27,266,582,000. Vanguard Group Inc. boosted its holdings in Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after buying an additional 17,635,391 shares in the last quarter. Proficio Capital Partners LLC grew its position in Amazon.com by 17,054.5% during the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock worth $2,652,116,000 after buying an additional 12,018,120 shares during the period. State Street Corp increased its holdings in Amazon.com by 3.3% in the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock valued at $66,926,008,000 after buying an additional 11,370,309 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Amazon.com by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock valued at $37,116,341,000 after acquiring an additional 6,545,944 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

Amazon.com stock opened at $185.01 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $1.96 trillion, a P/E ratio of 33.46, a PEG ratio of 1.50 and a beta of 1.30. The firm has a fifty day moving average of $189.45 and a 200-day moving average of $207.88. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 EPS. As a group, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on AMZN. Benchmark restated a "buy" rating and issued a $260.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Wedbush reaffirmed an "outperform" rating and set a $235.00 price target (up previously from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Raymond James restated an "outperform" rating and set a $195.00 target price (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. JPMorgan Chase & Co. upped their price target on shares of Amazon.com from $220.00 to $225.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, JMP Securities reissued a "market outperform" rating on shares of Amazon.com in a research note on Tuesday. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $244.09.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $190.67, for a total value of $476,675.00. Following the completion of the sale, the chief executive officer now owns 506,974 shares of the company's stock, valued at $96,664,732.58. This trade represents a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the sale, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. This represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 107,298 shares of company stock worth $23,818,478. 9.70% of the stock is currently owned by corporate insiders.

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.

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