Amazon.com, Inc. (NASDAQ:AMZN) is Public Employees Retirement Association of Colorado's 4th Largest Position

Public Employees Retirement Association of Colorado cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,617,182 shares of the e-commerce giant's stock after selling 396,644 shares during the period. Amazon.com accounts for 4.9% of Public Employees Retirement Association of Colorado's holdings, making the stock its 4th largest position. Public Employees Retirement Association of Colorado owned about 0.05% of Amazon.com worth $1,232,354,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Mendel Capital Management LLC boosted its position in shares of Amazon.com by 2.7% in the fourth quarter. Mendel Capital Management LLC now owns 5,820 shares of the e-commerce giant's stock valued at $1,277,000 after acquiring an additional 155 shares during the period. Whalerock Point Partners LLC raised its stake in Amazon.com by 1.5% in the 4th quarter. Whalerock Point Partners LLC now owns 72,573 shares of the e-commerce giant's stock worth $15,922,000 after purchasing an additional 1,045 shares in the last quarter. Shorepoint Capital Partners LLC raised its stake in Amazon.com by 2.4% in the 4th quarter. Shorepoint Capital Partners LLC now owns 22,186 shares of the e-commerce giant's stock worth $4,867,000 after purchasing an additional 527 shares in the last quarter. Mission Creek Capital Partners Inc. boosted its holdings in Amazon.com by 10.7% in the 4th quarter. Mission Creek Capital Partners Inc. now owns 55,925 shares of the e-commerce giant's stock valued at $11,232,000 after purchasing an additional 5,394 shares during the period. Finally, Oak Wealth Advisors LLC acquired a new position in shares of Amazon.com during the 4th quarter worth approximately $342,000. Institutional investors own 72.20% of the company's stock.

Amazon.com Trading Down 1.4%

NASDAQ:AMZN traded down $2.95 on Wednesday, reaching $201.12. 42,365,189 shares of the stock traded hands, compared to its average volume of 41,955,975. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company's 50 day moving average is $189.68 and its 200-day moving average is $208.79. The firm has a market capitalization of $2.14 trillion, a price-to-earnings ratio of 36.37, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

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

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the transaction, the chief executive officer now directly owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. This represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian T. Olsavsky sold 14,620 shares of Amazon.com stock in a transaction on Friday, February 21st. The shares were sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares of the company's stock, valued at approximately $10,933,860. This trade represents a 22.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 80,081 shares of company stock worth $17,421,044 in the last 90 days. Corporate insiders own 9.70% of the company's stock.

Analyst Ratings Changes

AMZN has been the topic of a number of analyst reports. Piper Sandler reissued an "overweight" rating and set a $212.00 price target (down previously from $215.00) on shares of Amazon.com in a research report on Friday, May 2nd. Oppenheimer dropped their target price on shares of Amazon.com from $260.00 to $220.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Loop Capital upped their price target on shares of Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Rosenblatt Securities lifted their price objective on shares of Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Finally, Truist Financial lowered their price objective on shares of Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $244.09.

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.