Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 233,845 shares of the e-commerce giant’s stock after acquiring an additional 1,517 shares during the quarter. Amazon.com comprises 3.7% of Public Employees Retirement System of Ohio’s portfolio, making the stock its 3rd biggest position. Public Employees Retirement System of Ohio’s holdings in Amazon.com were worth $645,136,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Gantzert Investment Co. LLC ADV acquired a new stake in Amazon.com during the second quarter worth about $28,000. Lountzis Asset Management LLC acquired a new stake in Amazon.com during the second quarter worth about $28,000. Sofos Investments Inc. boosted its position in shares of Amazon.com by 120.0% in the first quarter. Sofos Investments Inc. now owns 121 shares of the e-commerce giant’s stock worth $31,000 after buying an additional 66 shares during the period. James Investment Research Inc. purchased a new stake in shares of Amazon.com in the second quarter worth about $55,000. Finally, CBIZ Investment Advisory Services LLC boosted its position in shares of Amazon.com by 262.5% in the first quarter. CBIZ Investment Advisory Services LLC now owns 29 shares of the e-commerce giant’s stock worth $57,000 after buying an additional 21 shares during the period. Institutional investors own 57.32% of the company’s stock.

In related news, CEO Jeffrey P. Bezos sold 97,654 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $3,150.09, for a total value of $307,618,888.86. Following the sale, the chief executive officer now directly owns 54,583,923 shares in the company, valued at approximately $171,944,270,003.07. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Brian T. Olsavsky sold 1,377 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $3,173.12, for a total value of $4,369,386.24. Following the completion of the sale, the chief financial officer now owns 2,638 shares in the company, valued at $8,370,690.56. The disclosure for this sale can be found here. Insiders have sold a total of 102,815 shares of company stock worth $324,095,003 over the last quarter. Insiders own 16.10% of the company’s stock.

Shares of Amazon.com stock opened at $3,160.83 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 0.97 and a debt-to-equity ratio of 0.45. The business’s 50 day simple moving average is $3,230.98 and its 200-day simple moving average is $2,603.18. The stock has a market capitalization of $1,580.87 billion, a price-to-earnings ratio of 121.34, a PEG ratio of 3.23 and a beta of 1.32. Amazon.com, Inc. has a twelve month low of $1,626.03 and a twelve month high of $3,552.25.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $8.56. The business had revenue of $88.91 billion for the quarter, compared to analysts’ expectations of $81.56 billion. Amazon.com had a return on equity of 20.47% and a net margin of 4.10%. Sell-side analysts predict that Amazon.com, Inc. will post 31.92 earnings per share for the current year.

Several equities research analysts have recently weighed in on the company. Wedbush upped their target price on Amazon.com from $3,500.00 to $3,700.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Oppenheimer upped their target price on Amazon.com from $2,700.00 to $3,500.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. BMO Capital Markets upped their target price on Amazon.com from $2,850.00 to $3,500.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Guggenheim upped their target price on Amazon.com from $2,700.00 to $3,600.00 in a research report on Friday, July 31st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $3,700.00 target price (up previously from $3,200.00) on shares of Amazon.com in a research report on Friday, July 31st. Six equities research analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company. Amazon.com has a consensus rating of “Buy” and an average price target of $3,291.50.

Amazon.com Company Profile

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

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

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