Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lowered its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,817,519 shares of the e-commerce giant's stock after selling 293,111 shares during the quarter. Amazon.com accounts for 3.8% of California State Teachers Retirement System's investment portfolio, making the stock its 4th biggest position. California State Teachers Retirement System owned 0.14% of Amazon.com worth $3,250,815,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. Northern Trust Corp grew its stake in Amazon.com by 14.0% during the fourth quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant's stock worth $21,297,564,000 after buying an additional 11,926,749 shares during the period. Parkshore Wealth Management Inc. acquired a new position in shares of Amazon.com during the 4th quarter valued at $4,123,000. Long Island Wealth Management Inc. purchased a new stake in Amazon.com during the 4th quarter worth $221,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Amazon.com in the 4th quarter valued at $806,000. Finally, Second Half Financial Partners LLC raised its position in Amazon.com by 5.6% in the fourth quarter. Second Half Financial Partners LLC now owns 6,201 shares of the e-commerce giant's stock valued at $1,360,000 after purchasing an additional 327 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Cantor Fitzgerald increased their target price on Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Citigroup restated a "buy" rating on shares of Amazon.com in a report on Monday, June 2nd. Needham & Company LLC reiterated a "buy" rating and set a $220.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Stifel Nicolaus decreased their target price on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Finally, Rosenblatt Securities raised their price target on shares of Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $244.89.

Amazon.com Trading Up 2.7%

NASDAQ:AMZN opened at $213.57 on Monday. The stock has a market cap of $2.27 trillion, a price-to-earnings ratio of 38.62, a PEG ratio of 1.50 and a beta of 1.33. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The business has a fifty day moving average of $191.84 and a 200-day moving average of $208.82.

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

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $204.98, for a total value of $512,450.00. Following the sale, the chief executive officer now owns 517,050 shares of the company's stock, valued at $105,984,909. This trade represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock worth $20,531,075 over the last ninety days. Company insiders own 9.70% of the company's stock.

About Amazon.com

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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