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Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Illinois Municipal Retirement Fund

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Illinois Municipal Retirement Fund boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,225 shares of the e-commerce giant’s stock after acquiring an additional 1,255 shares during the quarter. Amazon.com comprises 1.8% of Illinois Municipal Retirement Fund’s holdings, making the stock its 3rd largest holding. Illinois Municipal Retirement Fund’s holdings in Amazon.com were worth $59,413,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Norges Bank purchased a new position in shares of Amazon.com during the fourth quarter worth $14,053,756,000. Castleview Partners LLC purchased a new position in shares of Amazon.com during the fourth quarter worth $1,143,000. Fairfield Bush & CO. boosted its position in shares of Amazon.com by 28,715.3% during the fourth quarter. Fairfield Bush & CO. now owns 1,336,741 shares of the e-commerce giant’s stock worth $11,353,000 after buying an additional 1,332,102 shares during the period. SG Americas Securities LLC boosted its position in shares of Amazon.com by 124.5% during the first quarter. SG Americas Securities LLC now owns 220,530 shares of the e-commerce giant’s stock worth $718,917,000 after buying an additional 1,120,660 shares during the period. Finally, State Street Corp boosted its position in shares of Amazon.com by 4.3% during the fourth quarter. State Street Corp now owns 17,021,616 shares of the e-commerce giant’s stock worth $56,755,855,000 after buying an additional 698,970 shares during the period. Institutional investors and hedge funds own 72.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on AMZN shares. Itaú Unibanco started coverage on Amazon.com in a research report on Tuesday, July 26th. They set an “outperform” rating and a $146.00 price target for the company. MKM Partners decreased their target price on Amazon.com from $180.00 to $165.00 in a report on Monday, July 25th. Rosenblatt Securities lifted their target price on Amazon.com to $118.00 and gave the company a “neutral” rating in a report on Friday. Morgan Stanley decreased their target price on Amazon.com from $210.00 to $190.00 in a report on Friday, April 29th. Finally, Jefferies Financial Group lifted their target price on Amazon.com from $150.00 to $165.00 and gave the company a “maintains” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and thirty have given a buy rating to the company. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average price target of $179.45.

Amazon.com Price Performance

Shares of AMZN opened at $135.39 on Tuesday. Amazon.com, Inc. has a twelve month low of $101.26 and a twelve month high of $188.11. The stock’s 50 day moving average is $114.69 and its two-hundred day moving average is $134.71. The firm has a market capitalization of $1.38 trillion, a PE ratio of 121.37, a P/E/G ratio of 5.15 and a beta of 1.33. The company has a current ratio of 0.95, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The business had revenue of $121.23 billion during the quarter, compared to analysts’ expectations of $119.16 billion. During the same period in the prior year, the firm posted $0.76 EPS. Amazon.com’s revenue for the quarter was up 7.2% compared to the same quarter last year. Research analysts anticipate that Amazon.com, Inc. will post 1.12 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 173 shares of Amazon.com stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total value of $375,275.06. Following the sale, the vice president now owns 5,989 shares of the company’s stock, valued at approximately $12,991,458.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP David Zapolsky sold 418 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total transaction of $906,733.96. Following the sale, the senior vice president now owns 3,537 shares of the company’s stock, valued at approximately $7,672,531.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 173 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total value of $375,275.06. Following the sale, the vice president now directly owns 5,989 shares in the company, valued at approximately $12,991,458.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,803 shares of company stock valued at $10,528,337. 12.70% of the stock is owned by corporate insiders.

Amazon.com Company Profile

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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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

See Also

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