Public Employees Retirement System of Ohio Purchases Shares of 4,152,630 Amazon.com, Inc. (NASDAQ:AMZN)

Public Employees Retirement System of Ohio acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,152,630 shares of the e-commerce giant's stock, valued at approximately $911,045,000. Amazon.com comprises approximately 3.1% of Public Employees Retirement System of Ohio's investment portfolio, making the stock its 4th largest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Cable Hill Partners LLC boosted its holdings in shares of Amazon.com by 0.5% in the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock worth $2,104,000 after buying an additional 44 shares during the last quarter. Quattro Financial Advisors LLC boosted its holdings in shares of Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after buying an additional 45 shares during the last quarter. Northern Capital Management Inc. boosted its holdings in shares of Amazon.com by 0.6% in the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock worth $1,613,000 after buying an additional 45 shares during the last quarter. White Wing Wealth Management boosted its holdings in shares of Amazon.com by 2.4% in the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock worth $433,000 after buying an additional 47 shares during the last quarter. Finally, MBM Wealth Consultants LLC boosted its holdings in shares of Amazon.com by 0.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant's stock worth $1,889,000 after buying an additional 48 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMZN has been the topic of several recent research reports. Maxim Group upped their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. DA Davidson decreased their price objective on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Westpark Capital reiterated a "buy" rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Cantor Fitzgerald increased their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $244.89.

Insider Buying and Selling

In related news, CEO Matthew S. Garman sold 20,923 shares of Amazon.com stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the sale, the chief executive officer now owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. This represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,037 shares of company stock worth $20,531,075. 9.70% of the stock is owned by corporate insiders.

Amazon.com Stock Up 0.3%

Shares of AMZN traded up $0.68 during trading hours on Thursday, hitting $207.91. The company had a trading volume of 51,794,788 shares, compared to its average volume of 42,029,549. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The firm has a fifty day moving average price of $191.06 and a 200-day moving average price of $208.60. The stock has a market capitalization of $2.21 trillion, a price-to-earnings ratio of 37.60, a P/E/G 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 (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period last year, the company earned $0.98 EPS. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Amazon.com Company 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.