Public Sector Pension Investment Board Sells 983,267 Shares of Amazon.com, Inc. $AMZN

by · The Markets Daily

Public Sector Pension Investment Board lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 28.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,492,621 shares of the e-commerce giant’s stock after selling 983,267 shares during the period. Amazon.com comprises about 2.3% of Public Sector Pension Investment Board’s portfolio, making the stock its 4th biggest position. Public Sector Pension Investment Board’s holdings in Amazon.com were worth $546,856,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Barlow Wealth Partners Inc. increased its position in shares of Amazon.com by 0.4% during the second quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant’s stock worth $2,763,000 after buying an additional 44 shares during the period. Ridgecrest Wealth Partners LLC grew its holdings in Amazon.com by 0.5% during the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock worth $1,843,000 after acquiring an additional 45 shares during the period. Probity Advisors Inc. grew its holdings in Amazon.com by 0.4% during the 2nd quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant’s stock worth $2,667,000 after acquiring an additional 45 shares during the period. Union Savings Bank raised its position in shares of Amazon.com by 0.4% in the 2nd quarter. Union Savings Bank now owns 10,723 shares of the e-commerce giant’s stock worth $2,510,000 after acquiring an additional 45 shares in the last quarter. Finally, Doheny Asset Management CA lifted its stake in shares of Amazon.com by 0.3% in the 2nd quarter. Doheny Asset Management CA now owns 17,821 shares of the e-commerce giant’s stock valued at $3,910,000 after purchasing an additional 45 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

AMZN opened at $226.19 on Friday. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $258.60. The company has a market cap of $2.42 trillion, a price-to-earnings ratio of 31.95, a PEG ratio of 1.56 and a beta of 1.37. The company’s fifty day moving average price is $229.35 and its two-hundred day moving average price is $224.87. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14.

Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The firm had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. During the same period last year, the company earned $1.43 earnings per share. The business’s revenue was up 13.4% on a year-over-year basis. On average, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on AMZN. Rothschild & Co Redburn reaffirmed a “neutral” rating and set a $250.00 target price on shares of Amazon.com in a research note on Tuesday, November 18th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $305.00 price objective on shares of Amazon.com in a research report on Friday. BNP Paribas Exane initiated coverage on shares of Amazon.com in a research note on Monday, November 24th. They issued an “outperform” rating for the company. Citizens Jmp reiterated a “market outperform” rating and set a $300.00 target price on shares of Amazon.com in a research report on Wednesday, December 3rd. Finally, Bank of America raised their price target on shares of Amazon.com from $272.00 to $303.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average target price of $295.43.

Get Our Latest Stock Report on Amazon.com

Insider Buying and Selling at Amazon.com

In related news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $216.94, for a total transaction of $4,311,031.68. Following the transaction, the chief executive officer owned 2,208,310 shares of the company’s stock, valued at $479,070,771.40. The trade was a 0.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jonathan Rubinstein sold 8,173 shares of the company’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $250.03, for a total value of $2,043,495.19. Following the sale, the director owned 80,030 shares of the company’s stock, valued at $20,009,900.90. This trade represents a 9.27% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 82,234 shares of company stock worth $19,076,767. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Profile

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.

Read More

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).