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

State of Alaska Department of Revenue raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,663 shares of the e-commerce giant’s stock after purchasing an additional 254 shares during the quarter. Amazon.com accounts for 1.7% of State of Alaska Department of Revenue’s portfolio, making the stock its 3rd largest position. State of Alaska Department of Revenue’s holdings in Amazon.com were worth $103,509,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Thoroughbred Financial Services LLC grew its position in shares of Amazon.com by 191,406.0% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 9,307,191 shares of the e-commerce giant’s stock worth $930,719,000 after acquiring an additional 9,302,331 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of Amazon.com by 3.3% in the 4th quarter. Fisher Asset Management LLC now owns 1,620,827 shares of the e-commerce giant’s stock worth $2,434,435,000 after acquiring an additional 51,724 shares in the last quarter. Clearbridge Investments LLC grew its position in shares of Amazon.com by 3.5% in the 1st quarter. Clearbridge Investments LLC now owns 1,117,536 shares of the e-commerce giant’s stock worth $1,990,052,000 after acquiring an additional 37,940 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its position in shares of Amazon.com by 20.4% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 687,487 shares of the e-commerce giant’s stock worth $1,224,242,000 after acquiring an additional 116,401 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of Amazon.com by 7.4% in the 1st quarter. First Trust Advisors LP now owns 556,710 shares of the e-commerce giant’s stock worth $991,361,000 after acquiring an additional 38,536 shares in the last quarter. Hedge funds and other institutional investors own 57.07% of the company’s stock.

In other news, CEO Jeffrey A. Wilke sold 1,900 shares of Amazon.com stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $1,848.11, for a total transaction of $3,511,409.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $18,481,100. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey A. Wilke sold 1,000 shares of Amazon.com stock in a transaction on Monday, May 20th. The shares were sold at an average price of $1,858.25, for a total value of $1,858,250.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $18,582,500. The disclosure for this sale can be found here. Insiders have sold a total of 13,993 shares of company stock worth $27,046,432 in the last ninety days. 16.10% of the stock is owned by company insiders.

Several brokerages have recently commented on AMZN. KeyCorp reiterated an “overweight” rating and issued a $2,200.00 target price (up previously from $2,100.00) on shares of Amazon.com in a research report on Monday, July 22nd. Bank of America reissued a “buy” rating and issued a $2,350.00 price target (up previously from $2,300.00) on shares of Amazon.com in a report on Friday, July 26th. Royal Bank of Canada reissued a “buy” rating on shares of Amazon.com in a report on Monday. DA Davidson raised their price target on Amazon.com to $2,550.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, ValuEngine raised Amazon.com from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Three analysts have rated the stock with a hold rating and forty-two have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $2,251.95.

Amazon.com stock traded down $6.33 during mid-day trading on Wednesday, hitting $1,781.50. 1,277,078 shares of the company’s stock traded hands, compared to its average volume of 3,634,337. The company has a 50 day moving average price of $1,929.76. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 1.10. The firm has a market cap of $901.88 billion, a P/E ratio of 88.46, a PEG ratio of 2.31 and a beta of 1.55. Amazon.com, Inc. has a one year low of $1,307.00 and a one year high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share for the quarter, missing the consensus estimate of $5.29 by ($0.07). The business had revenue of $63.40 billion for the quarter, compared to the consensus estimate of $62.59 billion. Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The firm’s revenue was up 19.9% on a year-over-year basis. During the same period in the previous year, the firm earned $5.07 EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 24.52 earnings per share for the current year.

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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