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New York State Common Retirement Fund Sells 7,369 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

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New York State Common Retirement Fund cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 936,768 shares of the e-commerce giant’s stock after selling 7,369 shares during the quarter. Amazon.com comprises about 3.3% of New York State Common Retirement Fund’s investment portfolio, making the stock its 3rd largest position. New York State Common Retirement Fund’s holdings in Amazon.com were worth $3,077,320,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the company. Liberty Wealth Management LLC grew its stake in Amazon.com by 492,449.5% in the 2nd quarter. Liberty Wealth Management LLC now owns 2,039,155 shares of the e-commerce giant’s stock valued at $593,000 after acquiring an additional 2,038,741 shares during the last quarter. Amundi acquired a new stake in Amazon.com in the 2nd quarter valued at about $4,445,652,000. SG Americas Securities LLC grew its stake in Amazon.com by 105.6% in the 3rd quarter. SG Americas Securities LLC now owns 25,297 shares of the e-commerce giant’s stock valued at $83,102,000 after acquiring an additional 473,513 shares during the last quarter. Macquarie Group Ltd. grew its stake in Amazon.com by 277.7% in the 2nd quarter. Macquarie Group Ltd. now owns 615,826 shares of the e-commerce giant’s stock valued at $2,118,539,000 after acquiring an additional 452,800 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in Amazon.com by 97.0% in the 3rd quarter. Nordea Investment Management AB now owns 754,200 shares of the e-commerce giant’s stock valued at $2,502,150,000 after acquiring an additional 371,393 shares during the last quarter. 57.48% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have issued reports on the stock. Morgan Stanley reduced their target price on shares of Amazon.com from $4,100.00 to $4,000.00 and set an “overweight” rating on the stock in a report on Friday, October 29th. Citigroup reduced their target price on shares of Amazon.com from $4,175.00 to $4,100.00 and set a “buy” rating on the stock in a report on Tuesday, November 2nd. Tigress Financial upped their target price on shares of Amazon.com from $4,370.00 to $4,460.00 and gave the company a “buy” rating in a report on Wednesday, November 10th. Truist Securities upped their target price on shares of Amazon.com from $3,800.00 to $4,000.00 and gave the company a “buy” rating in a report on Friday, October 29th. Finally, Raymond James reduced their target price on shares of Amazon.com from $3,900.00 to $3,840.00 and set an “outperform” rating on the stock in a report on Friday, October 29th. One analyst has rated the stock with a hold rating and thirty-nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $4,178.80.

In related news, insider Jeffrey P. Bezos sold 50,034 shares of Amazon.com stock in a transaction dated Tuesday, November 2nd. The stock was sold at an average price of $3,319.45, for a total transaction of $166,085,361.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Adam Selipsky sold 34 shares of Amazon.com stock in a transaction dated Thursday, December 2nd. The stock was sold at an average price of $3,460.00, for a total value of $117,640.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 86,280 shares of company stock worth $292,711,089. Company insiders own 14.00% of the company’s stock.

AMZN stock opened at $3,413.22 on Wednesday. Amazon.com, Inc. has a 1 year low of $2,881.00 and a 1 year high of $3,773.08. The stock’s fifty day moving average is $3,461.07 and its two-hundred day moving average is $3,440.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.87 and a current ratio of 1.12. The stock has a market capitalization of $1.73 trillion, a price-to-earnings ratio of 66.77, a PEG ratio of 3.40 and a beta of 1.12.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Wednesday, October 27th. The e-commerce giant reported $6.12 earnings per share for the quarter, missing analysts’ consensus estimates of $9.10 by ($2.98). Amazon.com had a net margin of 5.73% and a return on equity of 24.31%. The company had revenue of $110.81 billion for the quarter, compared to the consensus estimate of $111.66 billion. During the same quarter in the prior year, the firm earned $12.37 earnings per share. Amazon.com’s revenue for the quarter was up 15.3% compared to the same quarter last year. As a group, analysts predict that Amazon.com, Inc. will post 40.79 EPS for the current fiscal year.

Amazon.com Profile

Amazon.com, Inc engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca.

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