Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Lifted by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 809,970 shares of the e-commerce giant's stock after purchasing an additional 7,662 shares during the quarter. Amazon.com comprises about 3.0% of Oregon Public Employees Retirement Fund's portfolio, making the stock its 5th biggest position. Oregon Public Employees Retirement Fund's holdings in Amazon.com were worth $154,105,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AMZN. Western Wealth Management LLC boosted its position in shares of Amazon.com by 0.9% in the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock worth $26,660,000 after purchasing an additional 1,297 shares in the last quarter. Momentous Wealth Management Inc. purchased a new position in Amazon.com in the 4th quarter worth $749,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Amazon.com in the 1st quarter worth $514,000. Segall Bryant & Hamill LLC raised its stake in Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after acquiring an additional 39,696 shares during the last quarter. Finally, Bearing Point Capital LLC purchased a new position in Amazon.com in the 4th quarter worth $12,014,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on Amazon.com from $255.00 to $265.00 and gave the stock an "overweight" rating in a research note on Friday. Jefferies Financial Group raised their target price on Amazon.com from $255.00 to $265.00 in a research note on Wednesday, July 16th. Bank of America raised their target price on Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a report on Friday. Raymond James Financial reissued an "outperform" rating and set a $195.00 target price (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Finally, Mizuho reduced their price objective on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Three research analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus target price of $260.65.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of the company's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value 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 approximately $203,649,402,587.43. This represents a 0.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have sold 25,099,537 shares of company stock valued at $5,674,394,548. Corporate insiders own 9.70% of the company's stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded down $18.04 during midday trading on Friday, hitting $216.07. The company's stock had a trading volume of 65,807,773 shares, compared to its average volume of 44,434,758. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The firm's fifty day moving average price is $217.93 and its 200-day moving average price is $209.23. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The firm has a market cap of $2.29 trillion, a P/E ratio of 35.17, a P/E/G ratio of 1.71 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. Amazon.com's revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.26 EPS. On average, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.