State of Michigan Retirement System Has $690.60 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

State of Michigan Retirement System boosted its position in Amazon.com, Inc. ( NASDAQ:AMZN ) by 3.

3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,147,820 shares of the e-commerce giant’s stock after buying an additional 101,000 shares during the quarter. Amazon.



com makes up about 3.6% of State of Michigan Retirement System’s holdings, making the stock its 5th largest position. State of Michigan Retirement System’s holdings in Amazon.

com were worth $690,600,000 at the end of the most recent reporting period. Several other hedge funds have also recently made changes to their positions in AMZN. James Reed Financial Services Inc.

bought a new stake in shares of Amazon.com in the fourth quarter valued at approximately $205,000. Tacita Capital Inc boosted its holdings in Amazon.

com by 154.1% in the 4th quarter. Tacita Capital Inc now owns 343 shares of the e-commerce giant’s stock worth $75,000 after buying an additional 208 shares during the period.

Bedel Financial Consulting Inc. grew its stake in Amazon.com by 4.

5% in the 4th quarter. Bedel Financial Consulting Inc. now owns 13,356 shares of the e-commerce giant’s stock valued at $3,154,000 after buying an additional 577 shares in the last quarter.

WMG Financial Advisors LLC raised its holdings in Amazon.com by 6.0% during the 4th quarter.

WMG Financial Advisors LLC now owns 9,448 shares of the e-commerce giant’s stock valued at $2,073,000 after acquiring an additional 537 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of Amazon.com by 0.

5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,178,912 shares of the e-commerce giant’s stock worth $258,642,000 after acquiring an additional 6,116 shares in the last quarter. 72.

20% of the stock is currently owned by institutional investors. Analysts Set New Price Targets AMZN has been the subject of several recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $250.

00 price target on shares of Amazon.com in a research report on Friday, February 7th. JMP Securities set a $285.

00 target price on Amazon.com in a report on Thursday, March 27th. The Goldman Sachs Group upped their price target on Amazon.

com from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 7th.

JPMorgan Chase & Co. raised their price objective on shares of Amazon.com from $250.

00 to $280.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Finally, Stifel Nicolaus boosted their price objective on shares of Amazon.

com from $245.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, February 7th.

Two analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $260.

53. Amazon.com Price Performance AMZN stock opened at $178.

41 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.

87 and a current ratio of 1.06. The firm has a 50 day moving average price of $213.

46 and a 200-day moving average price of $209.01. Amazon.

com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.

52. The firm has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 32.

26, a PEG ratio of 1.50 and a beta of 1.19.

Amazon.com ( NASDAQ:AMZN – Get Free Report ) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.

86 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34.

Amazon.com had a return on equity of 24.25% and a net margin of 9.

29%. Equities research analysts forecast that Amazon.com, Inc.

will post 6.31 EPS for the current fiscal year. Insider Activity at Amazon.

com In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction dated Tuesday, April 1st.

The shares were sold at an average price of $187.99, for a total transaction of $469,975.00.

Following the transaction, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26. This represents a 0.

49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink . Also, CEO Andrew R.

Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.

65, for a total transaction of $4,585,989.60. Following the completion of the sale, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at $467,532,195.

90. This represents a 0.97 % decrease in their ownership of the stock.

The disclosure for this sale can be found here . Insiders sold 104,798 shares of company stock valued at $23,341,803 over the last 90 days. Corporate insiders own 10.

80% of the company’s stock. 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.

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