South Dakota Investment Council Sells 46,668 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

South Dakota Investment Council lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 667,823 shares of the e-commerce giant’s stock after selling 46,668 shares during the period. Amazon.com makes up 2.2% of South Dakota Investment Council’s investment portfolio, making the stock its 6th biggest holding. South Dakota Investment Council’s holdings in Amazon.com were worth $101,469,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Socha Financial Group LLC boosted its holdings in Amazon.com by 3.3% in the fourth quarter. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock valued at $303,000 after acquiring an additional 63 shares during the last quarter. Lake Hills Wealth Management LLC lifted its position in Amazon.com by 0.8% during the 4th quarter. Lake Hills Wealth Management LLC now owns 7,985 shares of the e-commerce giant’s stock valued at $1,213,000 after purchasing an additional 65 shares during the period. Veery Capital LLC boosted its stake in shares of Amazon.com by 1.1% in the 4th quarter. Veery Capital LLC now owns 5,890 shares of the e-commerce giant’s stock valued at $895,000 after purchasing an additional 66 shares during the last quarter. Bellwether Advisors LLC grew its position in shares of Amazon.com by 2.3% during the 4th quarter. Bellwether Advisors LLC now owns 2,936 shares of the e-commerce giant’s stock worth $446,000 after buying an additional 66 shares during the period. Finally, StrategIQ Financial Group LLC raised its stake in shares of Amazon.com by 0.3% during the fourth quarter. StrategIQ Financial Group LLC now owns 23,259 shares of the e-commerce giant’s stock worth $3,534,000 after buying an additional 66 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on AMZN. Telsey Advisory Group lifted their target price on shares of Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Bank of America lifted their price objective on Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Raymond James increased their target price on Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a research note on Wednesday, May 1st. Needham & Company LLC restated a “buy” rating and set a $205.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. Finally, The Goldman Sachs Group upped their price target on Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Amazon.com presently has an average rating of “Buy” and an average target price of $211.62.

View Our Latest Report on AMZN

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the transaction, the chief executive officer now directly owns 132,600 shares in the company, valued at $23,868,000. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $169.17, for a total value of $1,014,825,285.33. Following the completion of the sale, the insider now directly owns 940,261,025 shares in the company, valued at approximately $159,063,957,599.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the transaction, the chief executive officer now directly owns 132,600 shares in the company, valued at $23,868,000. The disclosure for this sale can be found here. Insiders sold 8,181,245 shares of company stock valued at $1,380,028,066 in the last quarter. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Up 0.3 %

Shares of AMZN stock opened at $187.07 on Wednesday. Amazon.com, Inc. has a 52-week low of $109.25 and a 52-week high of $191.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The stock has a market cap of $1.95 trillion, a price-to-earnings ratio of 52.40, a PEG ratio of 1.36 and a beta of 1.15. The firm’s 50-day moving average is $180.52 and its 200-day moving average is $163.43.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. During the same period last year, the firm posted $0.31 earnings per share. The business’s revenue was up 12.5% on a year-over-year basis. Sell-side analysts predict that Amazon.com, Inc. will post 4.67 EPS for the current year.

About Amazon.com

(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.

Further Reading

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

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