State of Tennessee Department of Treasury Has $732.62 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

State of Tennessee Department of Treasury cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,339,368 shares of the e-commerce giant's stock after selling 154,490 shares during the period. Amazon.com makes up approximately 2.7% of State of Tennessee Department of Treasury's holdings, making the stock its 5th biggest position. State of Tennessee Department of Treasury's holdings in Amazon.com were worth $732,624,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of AMZN. WPWealth LLP raised its stake in shares of Amazon.com by 4.4% in the 4th quarter. WPWealth LLP now owns 6,321 shares of the e-commerce giant's stock valued at $1,387,000 after buying an additional 268 shares in the last quarter. Wealth Dimensions Group Ltd. raised its stake in shares of Amazon.com by 0.6% in the 4th quarter. Wealth Dimensions Group Ltd. now owns 14,050 shares of the e-commerce giant's stock valued at $3,083,000 after buying an additional 86 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of Amazon.com by 5.2% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,073,198 shares of the e-commerce giant's stock valued at $235,395,000 after buying an additional 52,890 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Amazon.com by 142.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 719,552 shares of the e-commerce giant's stock worth $157,863,000 after purchasing an additional 422,223 shares in the last quarter. Finally, Transatlantique Private Wealth LLC increased its position in shares of Amazon.com by 5.6% during the 4th quarter. Transatlantique Private Wealth LLC now owns 23,766 shares of the e-commerce giant's stock worth $5,214,000 after purchasing an additional 1,270 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on AMZN shares. JPMorgan Chase & Co. increased their target price on shares of Amazon.com from $220.00 to $225.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Wells Fargo & Company dropped their target price on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 25th. JMP Securities reiterated a "market outperform" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Westpark Capital reiterated a "buy" rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Truist Financial dropped their target price 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 issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $244.09.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred 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 owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. This trade represents a 0.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. The trade was a 6.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 80,798 shares of company stock valued at $17,696,733 in the last 90 days. 9.70% of the stock is owned by insiders.

Amazon.com Stock Down 2.4%

Amazon.com stock opened at $205.17 on Friday. The company's 50 day simple moving average is $189.15 and its 200 day simple moving average is $208.40. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The firm has a market capitalization of $2.18 trillion, a price-to-earnings ratio of 37.10, a PEG ratio of 1.50 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $154.96 billion. During the same quarter last year, the firm earned $0.98 EPS. Amazon.com's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.

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