Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,296,478 shares of the e-commerce giant's stock after buying an additional 38,470 shares during the period. Amazon.com comprises 2.8% of State of Alaska Department of Revenue's investment portfolio, making the stock its 4th largest holding. State of Alaska Department of Revenue's holdings in Amazon.com were worth $246,667,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC acquired a new position in Amazon.com during the 4th quarter worth approximately $25,000. Prudent Man Investment Management Inc. acquired a new position in Amazon.com during the 4th quarter worth approximately $27,000. LSV Asset Management acquired a new position in Amazon.com during the 4th quarter worth approximately $35,000. Perritt Capital Management Inc grew its holdings in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares in the last quarter. Finally, Compass Planning Associates Inc acquired a new position in Amazon.com during the 4th quarter worth approximately $51,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on AMZN shares. Deutsche Bank Aktiengesellschaft cut their price target on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Barclays decreased their price objective on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Mizuho decreased 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 note on Wednesday, April 9th. Roth Capital set a $250.00 price objective on shares of Amazon.com and gave the company a "buy" rating in a research note on Tuesday. Finally, Tigress Financial upped their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Three equities research analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $246.41.

Insider Transactions at Amazon.com

In related news, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total value of $3,577,867.50. Following the transaction, the chief financial officer owned 49,000 shares in the company, valued at approximately $9,876,930. This trade represents a 26.59% 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, insider Jeffrey P. Bezos sold 3,100,000 shares of the business's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $221.42, for a total value of $686,402,000.00. Following the transaction, the insider owned 905,679,901 shares in the company, valued at approximately $200,535,643,679.42. This represents a 0.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,426,963 shares of company stock valued at $757,297,707 in the last ninety days. Company insiders own 10.80% of the company's stock.

Amazon.com Trading Down 1.8%

Shares of Amazon.com stock traded down $4.11 during trading hours on Tuesday, reaching $219.36. 45,197,871 shares of the company's stock were exchanged, compared to its average volume of 42,024,201. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a fifty day moving average of $207.16 and a 200-day moving average of $208.51. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $2.33 trillion, a price-to-earnings ratio of 35.73, a price-to-earnings-growth ratio of 1.68 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter last year, the firm earned $0.98 earnings per share. The business's revenue was up 8.6% on a year-over-year basis. 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.