Amazon.com, Inc. $AMZN Shares Sold by Strs Ohio

Strs Ohio decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.6% in the 4th quarter, HoldingsChannel reports. The fund owned 3,861,310 shares of the e-commerce giant’s stock after selling 142,547 shares during the period. Amazon.com makes up about 3.3% of Strs Ohio’s investment portfolio, making the stock its 4th biggest holding. Strs Ohio’s holdings in Amazon.com were worth $891,268,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. LVZ Inc. raised its holdings in Amazon.com by 3.4% in the 4th quarter. LVZ Inc. now owns 13,509 shares of the e-commerce giant’s stock valued at $3,118,000 after acquiring an additional 441 shares in the last quarter. Riverstone Advisors LLC raised its holdings in Amazon.com by 0.5% in the 4th quarter. Riverstone Advisors LLC now owns 84,264 shares of the e-commerce giant’s stock valued at $19,450,000 after acquiring an additional 417 shares in the last quarter. Sandro Wealth Management LLC acquired a new position in Amazon.com in the 4th quarter valued at approximately $4,373,000. Retirement Planning Group LLC NY raised its holdings in Amazon.com by 8.1% in the 4th quarter. Retirement Planning Group LLC NY now owns 2,875 shares of the e-commerce giant’s stock valued at $664,000 after acquiring an additional 215 shares in the last quarter. Finally, Del Sette Capital Management LLC raised its holdings in Amazon.com by 5.2% in the 4th quarter. Del Sette Capital Management LLC now owns 15,170 shares of the e-commerce giant’s stock valued at $3,502,000 after acquiring an additional 744 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on AMZN shares. Arete Research upped their price target on Amazon.com from $301.00 to $310.00 and gave the company a “buy” rating in a report on Monday, May 18th. Wells Fargo & Company set a $312.00 price target on Amazon.com and gave the company an “overweight” rating in a report on Wednesday, May 20th. DZ Bank increased their target price on Amazon.com from $295.00 to $320.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Weiss Ratings raised Amazon.com from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Finally, Bank of America increased their target price on Amazon.com from $298.00 to $310.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Fifty-seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $312.66.

Insiders Place Their Bets

In related news, Director Jonathan Rubinstein sold 3,706 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $273.02, for a total transaction of $1,011,812.12. Following the sale, the director directly owned 74,948 shares in the company, valued at $20,462,302.96. This represents a 4.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 11,475 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $262.66, for a total value of $3,014,023.50. Following the sale, the chief executive officer owned 11,430 shares in the company, valued at approximately $3,002,203.80. This trade represents a 50.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 136,124 shares of company stock valued at $35,801,387 in the last 90 days. Insiders own 8.90% of the company’s stock.

Amazon.com News Roundup

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Multiple recent articles argue Amazon is one of the best growth stocks to own, highlighting accelerating business momentum, strong sales growth, and the company’s ability to keep compounding over time. Article Title
• Positive Sentiment: Bank of America reiterated a Buy rating after Amazon’s Alexa for Shopping debut, suggesting the new AI-powered shopping feature could become a major commerce platform and add meaningful long-term revenue. Article Title
• Positive Sentiment: Investor commentary is focusing on AI momentum, AWS re-acceleration, and strong ad and subscription growth, with technical traders also noting supportive chart action and call buying near support. Article Title
• Positive Sentiment: Amazon’s heavy spending on AI infrastructure is being framed as a long-term catalyst, with investors betting the company’s scale in data centers and cloud could strengthen its competitive edge. Article Title

Amazon.com Stock Performance

Shares of AMZN opened at $266.32 on Tuesday. The stock has a market cap of $2.86 trillion, a PE ratio of 31.86, a PEG ratio of 1.99 and a beta of 1.46. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $278.56. The stock has a 50 day simple moving average of $240.63 and a 200-day simple moving average of $231.82. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $1.15. The business had revenue of $181.52 billion for the quarter, compared to analyst estimates of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.Amazon.com’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.59 EPS. On average, sell-side analysts predict that Amazon.com, Inc. will post 7.71 EPS for the current fiscal year.

Amazon.com Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.