Maryland State Retirement & Pension System Sells 26,937 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Maryland State Retirement & Pension System lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.0% during the fourth quarter, Holdings Channel reports. The fund owned 507,378 shares of the e-commerce giant’s stock after selling 26,937 shares during the quarter. Amazon.com comprises 2.4% of Maryland State Retirement & Pension System’s portfolio, making the stock its 5th biggest holding. Maryland State Retirement & Pension System’s holdings in Amazon.com were worth $111,314,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of AMZN. Accordant Advisory Group Inc boosted its holdings in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Icon Wealth Advisors LLC raised its position in shares of Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after buying an additional 25,581 shares during the period. Quattro Financial Advisors LLC grew its position in Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after acquiring an additional 45 shares during the period. Compass Planning Associates Inc acquired a new stake in Amazon.com during the fourth quarter worth about $51,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in shares of Amazon.com in the 4th quarter worth about $54,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Down 1.0 %

NASDAQ:AMZN opened at $172.51 on Friday. The stock has a market cap of $1.83 trillion, a price-to-earnings ratio of 31.19, a PEG ratio of 1.50 and a beta of 1.39. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The business has a fifty day moving average of $198.44 and a 200-day moving average of $208.04.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research reports. Piper Sandler reiterated an “overweight” rating and set a $265.00 target price (up previously from $225.00) on shares of Amazon.com in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Royal Bank of Canada lifted their target price on shares of Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Oppenheimer increased their price target on Amazon.com from $230.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, Jefferies Financial Group reduced their price objective on Amazon.com from $275.00 to $250.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Two research analysts have rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $252.73.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 19,212 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $217.50, for a total value of $4,178,610.00. Following the sale, the senior vice president now directly owns 49,950 shares in the company, valued at $10,864,125. The trade was a 27.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock valued at $23,341,803 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Profile

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.