Retirement Systems of Alabama Trims Position in Amazon.com, Inc. $AMZN

Retirement Systems of Alabama lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 3,657,428 shares of the e-commerce giant’s stock after selling 28,246 shares during the period. Amazon.com makes up about 2.9% of Retirement Systems of Alabama’s portfolio, making the stock its 4th largest position. Retirement Systems of Alabama’s holdings in Amazon.com were worth $802,403,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in AMZN. Carderock Capital Management Inc. bought a new position in shares of Amazon.com during the 2nd quarter valued at about $27,000. Cooksen Wealth LLC acquired a new stake in Amazon.com during the 1st quarter worth approximately $36,000. Maryland Capital Advisors Inc. lifted its stake in Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 95 shares in the last quarter. Ryan Investment Management Inc. bought a new position in Amazon.com in the second quarter valued at approximately $48,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Amazon.com in the first quarter valued at approximately $59,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $226.61, for a total transaction of $280,316.57. Following the transaction, the director directly owned 26,148 shares in the company, valued at $5,925,398.28. The trade was a 4.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Keith Brian Alexander sold 900 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $233.00, for a total transaction of $209,700.00. Following the completion of the sale, the director owned 7,170 shares of the company’s stock, valued at $1,670,610. This trade represents a 11.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 44,594 shares of company stock worth $10,887,531. Insiders own 9.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AMZN shares. William Blair restated an “outperform” rating on shares of Amazon.com in a report on Monday, November 3rd. CIBC lifted their price target on Amazon.com to $315.00 in a research note on Monday, October 20th. China Renaissance upped their price objective on Amazon.com from $278.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Sanford C. Bernstein set a $300.00 price objective on Amazon.com and gave the stock an “outperform” rating in a report on Friday, October 31st. Finally, Zacks Research raised Amazon.com from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $294.70.

Amazon.com Stock Performance

AMZN opened at $226.28 on Tuesday. The business’s 50-day simple moving average is $227.66 and its 200 day simple moving average is $222.45. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $258.60. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The firm has a market capitalization of $2.42 trillion, a PE ratio of 34.49, a PEG ratio of 1.52 and a beta of 1.29.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.38. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. During the same quarter in the previous year, the firm earned $1.43 EPS. The business’s quarterly revenue was up 13.4% on a year-over-year basis. Amazon.com has set its Q4 2025 guidance at EPS. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.