Amazon.com, Inc. (NASDAQ:AMZN) Holdings Lowered by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 95.3% in the 4th quarter, HoldingsChannel reports. The firm owned 13,130 shares of the e-commerce giant’s stock after selling 263,435 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Amazon.com were worth $2,881,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. AMF Tjanstepension AB lifted its stake in Amazon.com by 44.3% in the 3rd quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock worth $492,172,000 after acquiring an additional 811,425 shares in the last quarter. Swedbank AB lifted its stake in Amazon.com by 1.4% in the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock worth $2,484,864,000 after acquiring an additional 183,610 shares in the last quarter. Sassicaia Capital Advisers LLC purchased a new stake in Amazon.com in the 3rd quarter worth about $279,000. Howard Capital Management Group LLC lifted its stake in Amazon.com by 0.3% in the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant’s stock worth $66,434,000 after acquiring an additional 897 shares in the last quarter. Finally, Aaron Wealth Advisors LLC lifted its stake in Amazon.com by 26.9% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 46,807 shares of the e-commerce giant’s stock worth $8,722,000 after acquiring an additional 9,932 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $192.82 on Wednesday. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The firm has a market capitalization of $2.04 trillion, a PE ratio of 34.87, a PEG ratio of 1.50 and a beta of 1.19. The business’s 50 day moving average is $220.43 and its 200-day moving average is $208.02. 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 (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AMZN shares. JMP Securities reissued a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Raymond James upped their target price on Amazon.com from $260.00 to $275.00 in a research report on Monday, February 10th. Wolfe Research upped their target price on Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Maxim Group upped their target price on Amazon.com from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, TD Cowen upped their target price on Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average target price of $260.65.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the sale, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. The trade was a 0.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of the business’s stock in a transaction 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 completion of the sale, the senior vice president now directly owns 49,950 shares in the company, valued at approximately $10,864,125. This represents a 27.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,298 shares of company stock valued at $22,871,828 in the last 90 days. 10.80% of the stock is owned by corporate insiders.

Amazon.com Company 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.