Amazon.com, Inc. (NASDAQ:AMZN) is New York State Common Retirement Fund's 4th Largest Position

Key Points

• The New York State Common Retirement Fund has sold 311,910 shares of Amazon.com, Inc., reducing its stake by 2.5% and now holding approximately 12.2 million shares, valued at over $2.32 billion.
• Company insider Jeff Bezos sold 2.64 million shares for about $609 million, while CEO Douglas J. Herrington sold 2,500 shares for around $542,500.
• Amazon's recent quarterly earnings reported an EPS of $1.68, surpassing estimates, with revenue of $167.70 billion, a 13.3% increase year-over-year.

New York State Common Retirement Fund trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,226,018 shares of the e-commerce giant's stock after selling 311,910 shares during the period. Amazon.com makes up about 3.4% of New York State Common Retirement Fund's holdings, making the stock its 4th largest holding. New York State Common Retirement Fund owned about 0.12% of Amazon.com worth $2,326,122,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of Amazon.com by 10.9% in the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after acquiring an additional 397,007 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Amazon.com by 4.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock valued at $5,495,000 after acquiring an additional 986 shares in the last quarter. Bank Pictet & Cie Europe AG raised its stake in shares of Amazon.com by 2.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock valued at $442,481,000 after acquiring an additional 54,987 shares in the last quarter. Highview Capital Management LLC DE increased its holdings in Amazon.com by 5.5% in the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock valued at $6,357,000 after buying an additional 1,518 shares during the last quarter. Finally, Liberty Square Wealth Partners LLC purchased a new position in Amazon.com in the fourth quarter valued at $2,153,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent analyst reports. Benchmark reissued a "buy" rating and issued a $260.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Morgan Stanley reissued an "overweight" rating on shares of Amazon.com in a report on Monday, July 28th. Jefferies Financial Group increased their target price on Amazon.com from $255.00 to $265.00 in a report on Wednesday, July 16th. Tigress Financial increased their target price on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Finally, Roth Capital set a $250.00 target price on Amazon.com and gave the company a "buy" rating in a report on Tuesday, July 8th. One analyst has 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. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $262.45.

Amazon.com Price Performance

Shares of Amazon.com stock traded up $0.02 during trading on Tuesday, hitting $221.32. 14,934,306 shares of the company were exchanged, compared to its average volume of 44,775,840. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The stock has a market capitalization of $2.36 trillion, a price-to-earnings ratio of 33.74, a P/E/G ratio of 1.50 and a beta of 1.31. The firm has a 50 day moving average price of $219.94 and a 200 day moving average price of $208.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. Amazon.com's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.26 EPS. On average, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the completion of the sale, the chief executive officer directly owned 512,050 shares of the company's stock, valued at approximately $111,114,850. The trade was a 0.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider directly owned 883,779,901 shares of the company's stock, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,101,037 shares of company stock valued at $5,674,726,368 over the last ninety days. 10.80% of the stock is 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.