Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,500 shares of the e-commerce giant’s stock after selling 2,500 shares during the quarter. Amazon.com comprises about 1.8% of Louisiana State Employees Retirement System’s investment portfolio, making the stock its 3rd biggest position. Louisiana State Employees Retirement System’s holdings in Amazon.com were worth $32,292,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in AMZN. Spence Asset Management increased its position in shares of Amazon.com by 127.3% during the fourth quarter. Spence Asset Management now owns 25 shares of the e-commerce giant’s stock worth $38,000 after acquiring an additional 14 shares during the last quarter. Contravisory Investment Management Inc. increased its position in shares of Amazon.com by 112.5% during the fourth quarter. Contravisory Investment Management Inc. now owns 34 shares of the e-commerce giant’s stock worth $51,000 after acquiring an additional 18 shares during the last quarter. Spirit of America Management Corp NY purchased a new stake in shares of Amazon.com during the third quarter worth about $110,000. Watermark Asset Management Inc. grew its stake in Amazon.com by 18.5% in the fourth quarter. Watermark Asset Management Inc. now owns 96 shares of the e-commerce giant’s stock worth $144,000 after purchasing an additional 15 shares in the last quarter. Finally, Taylor Hoffman Wealth Management grew its stake in Amazon.com by 192.3% in the third quarter. Taylor Hoffman Wealth Management now owns 76 shares of the e-commerce giant’s stock worth $152,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 56.11% of the company’s stock.

A number of equities analysts recently commented on the company. Oppenheimer lifted their price target on Amazon.com from $1,975.00 to $2,085.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. CIBC lifted their price target on Amazon.com from $1,975.00 to $2,085.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Societe Generale assumed coverage on Amazon.com in a research note on Monday, April 8th. They issued a “buy” rating and a $2,370.00 target price for the company. BidaskClub upgraded Amazon.com from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. Finally, Royal Bank of Canada restated a “buy” rating on shares of Amazon.com in a research note on Friday, January 25th. Four investment analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $2,139.02.

NASDAQ AMZN traded down $3.13 on Friday, hitting $1,861.69. 2,749,882 shares of the stock were exchanged, compared to its average volume of 3,728,205. Amazon.com, Inc. has a 52-week low of $1,307.00 and a 52-week high of $2,050.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 1.10. The stock has a market cap of $916.05 billion, a price-to-earnings ratio of 92.44, a PEG ratio of 2.24 and a beta of 1.63.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, January 31st. The e-commerce giant reported $6.04 EPS for the quarter, beating the consensus estimate of $5.55 by $0.49. Amazon.com had a net margin of 4.33% and a return on equity of 27.02%. The business had revenue of $72.38 billion for the quarter, compared to analysts’ expectations of $71.73 billion. During the same period in the previous year, the company posted $2.16 EPS. On average, research analysts forecast that Amazon.com, Inc. will post 26.64 EPS for the current fiscal year.

In related news, Director Patricia Q. Stonesifer sold 1,375 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $1,602.00, for a total value of $2,202,750.00. Following the completion of the sale, the director now directly owns 7,861 shares in the company, valued at $12,593,322. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $1,811.14, for a total transaction of $3,622,280.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $18,111,400. The disclosure for this sale can be found here. Insiders sold 7,075 shares of company stock valued at $11,802,708 over the last quarter. 16.30% of the stock is currently owned by corporate insiders.

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About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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