Employees Retirement System of Texas Acquires 5,000 Shares of Amazon.com, Inc. (AMZN)

Employees Retirement System of Texas increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 87,176 shares of the e-commerce giant’s stock after buying an additional 5,000 shares during the quarter. Amazon.com accounts for about 2.0% of Employees Retirement System of Texas’ holdings, making the stock its 3rd biggest holding. Employees Retirement System of Texas’ holdings in Amazon.com were worth $148,182,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Summit Trail Advisors LLC raised its position in Amazon.com by 180,406.1% in the first quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock valued at $9,848,000 after purchasing an additional 9,842,959 shares during the last quarter. Cornerstone Wealth Management LLC raised its position in Amazon.com by 198,956.6% in the second quarter. Cornerstone Wealth Management LLC now owns 3,340,169 shares of the e-commerce giant’s stock valued at $1,949,000 after purchasing an additional 3,338,491 shares during the last quarter. Sei Investments Co. raised its position in Amazon.com by 799.2% in the second quarter. Sei Investments Co. now owns 282,661 shares of the e-commerce giant’s stock valued at $480,471,000 after purchasing an additional 251,227 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Amazon.com by 52.4% in the second quarter. Canada Pension Plan Investment Board now owns 566,822 shares of the e-commerce giant’s stock valued at $963,484,000 after purchasing an additional 194,992 shares during the last quarter. Finally, Natixis raised its position in Amazon.com by 296.9% in the first quarter. Natixis now owns 198,729 shares of the e-commerce giant’s stock valued at $287,629,000 after purchasing an additional 148,654 shares during the last quarter. Institutional investors and hedge funds own 55.64% of the company’s stock.

In related news, insider David Zapolsky sold 1,929 shares of the firm’s stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $1,566.09, for a total transaction of $3,020,987.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey A. Wilke sold 1,230 shares of the firm’s stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $1,506.94, for a total value of $1,853,536.20. The disclosure for this sale can be found here. Insiders have sold 25,842 shares of company stock valued at $42,513,241 in the last ninety days. 16.30% of the stock is currently owned by insiders.

Several research firms have commented on AMZN. BidaskClub upgraded Amazon.com from a “sell” rating to a “hold” rating in a research report on Wednesday. Nomura reiterated a “buy” rating on shares of Amazon.com in a research report on Tuesday. Barclays reiterated a “buy” rating on shares of Amazon.com in a research report on Tuesday. Wells Fargo & Co reiterated a “buy” rating and issued a $2,100.00 target price on shares of Amazon.com in a research report on Monday, December 3rd. Finally, Loop Capital reiterated a “buy” rating on shares of Amazon.com in a research report on Tuesday, November 27th. Three equities research analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $2,096.01.

NASDAQ AMZN opened at $1,629.13 on Friday. Amazon.com, Inc. has a one year low of $1,157.00 and a one year high of $2,050.50. The company has a market cap of $815.80 billion, a P/E ratio of 358.05, a price-to-earnings-growth ratio of 3.17 and a beta of 1.70. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.63.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 EPS for the quarter, topping the consensus estimate of $3.29 by $2.46. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. The business had revenue of $56.58 billion during the quarter, compared to analysts’ expectations of $57.05 billion. As a group, research analysts predict that Amazon.com, Inc. will post 19.49 EPS for the current fiscal year.

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Amazon.com Company Profile

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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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

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