Amazon.com, Inc. (NASDAQ:AMZN) is NJ State Employees Deferred Compensation Plan’s 4th Largest Position

NJ State Employees Deferred Compensation Plan trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.

4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 144,900 shares of the e-commerce giant’s stock after selling 3,500 shares during the quarter. Amazon.



com accounts for about 3.9% of NJ State Employees Deferred Compensation Plan’s investment portfolio, making the stock its 4th biggest position. NJ State Employees Deferred Compensation Plan’s holdings in Amazon.

com were worth $31,790,000 as of its most recent SEC filing. Several other institutional investors have also modified their holdings of the business. Proficio Capital Partners LLC raised its holdings in Amazon.

com by 17,054.5% in the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock valued at $2,652,116,000 after acquiring an additional 12,018,120 shares in the last quarter.

Parnassus Investments LLC increased its position in shares of Amazon.com by 82,457.3% in the 3rd quarter.

Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock worth $2,125,148,000 after purchasing an additional 11,391,479 shares during the last quarter. State Street Corp increased its position in shares of Amazon.com by 3.

3% in the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock worth $66,926,008,000 after purchasing an additional 11,370,309 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Amazon.

com by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock valued at $37,116,341,000 after purchasing an additional 6,545,944 shares in the last quarter.

Finally, Strategic Financial Concepts LLC lifted its position in shares of Amazon.com by 23,742.9% during the fourth quarter.

Strategic Financial Concepts LLC now owns 5,102,618 shares of the e-commerce giant’s stock worth $1,119,463,000 after purchasing an additional 5,081,217 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Transactions at Amazon.comIn other news, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 497,067 shares of the company’s stock, valued at $114,459,618.09. The trade was a 5.

24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP David Zapolsky sold 5,848 shares of the stock in a transaction on Friday, February 21st.

The shares were sold at an average price of $220.72, for a total value of $1,290,770.56.

Following the completion of the transaction, the senior vice president now owns 69,162 shares of the company’s stock, valued at $15,265,436.64. This trade represents a 7.

80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,798 shares of company stock valued at $23,341,803 in the last three months.

10.80% of the stock is currently owned by corporate insiders. Amazon.

com Stock PerformanceNASDAQ:AMZN opened at $178.41 on Friday. The company has a 50-day moving average of $213.

46 and a 200-day moving average of $209.01. The firm has a market cap of $1.

89 trillion, a price-to-earnings ratio of 32.26, a price-to-earnings-growth ratio of 1.50 and a beta of 1.

19. The company has a current ratio of 1.06, a quick ratio of 0.

87 and a debt-to-equity ratio of 0.18. Amazon.

com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.

52. Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its earnings results on Thursday, February 6th.

The e-commerce giant reported $1.86 earnings per share for the quarter, topping 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%. Analysts forecast that Amazon.

com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price TargetsSeveral analysts recently weighed in on the company. Stifel Nicolaus boosted their price objective on Amazon.com from $245.

00 to $275.00 and gave the company a “buy” rating in a report on Friday, February 7th. Citigroup reiterated a “buy” rating on shares of Amazon.

com in a report on Thursday, February 13th. Jefferies Financial Group dropped their price target on Amazon.com from $275.

00 to $250.00 and set a “buy” rating on the stock in a research report on Monday. Oppenheimer lifted their price objective on shares of Amazon.

com from $230.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, February 7th.

Finally, Canaccord Genuity Group reiterated a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Two analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company.

According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.53.

Check Out Our Latest Analysis on AMZNAmazon.com Company 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.Featured StoriesFive stocks we like better than Amazon.

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(NASDAQ:AMZN – Free Report)..