Keb Asset Management LLC Sells 192 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Keb Asset Management LLC trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,079 shares of the e-commerce giant’s stock after selling 192 shares during the period. Keb Asset Management LLC’s holdings in Amazon.com were worth $675,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of AMZN. Accordant Advisory Group Inc increased its stake in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after buying an additional 100 shares during the period. Icon Wealth Advisors LLC boosted its holdings in Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after acquiring an additional 25,581 shares during the last quarter. Quattro Financial Advisors LLC increased its position in Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after purchasing an additional 45 shares during the period. Compass Planning Associates Inc bought a new stake in Amazon.com during the 4th quarter worth about $51,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in Amazon.com during the 4th quarter valued at about $54,000. 72.20% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the sale, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their ownership of the stock. 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 over the last three months. Insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AMZN shares. Westpark Capital began coverage on shares of Amazon.com in a research report on Tuesday, April 1st. They set a “buy” rating and a $280.00 price target for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $270.00 target price on shares of Amazon.com in a report on Friday, February 7th. TD Cowen upped their target price on shares of Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Maxim Group raised their price target 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, UBS Group upped their price objective on Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a report on Monday, December 16th. Two equities research analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average target price of $258.19.

Amazon.com Stock Performance

Shares of AMZN stock opened at $181.22 on Friday. The company has a fifty day moving average price of $205.37 and a two-hundred day moving average price of $208.47. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a market cap of $1.92 trillion, a P/E ratio of 32.77, a P/E/G ratio of 1.50 and a beta of 1.39. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current 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.