Kentucky Retirement Systems Insurance Trust Fund Decreases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Kentucky Retirement Systems Insurance Trust Fund reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 6.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 276,565 shares of the e-commerce giant’s stock after selling 18,812 shares during the quarter. Amazon.com makes up approximately 3.6% of Kentucky Retirement Systems Insurance Trust Fund’s holdings, making the stock its 4th largest holding. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Amazon.com were worth $51,532,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. PayPay Securities Corp lifted its holdings in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after buying an additional 64 shares in the last quarter. Hoese & Co LLP bought a new stake in shares of Amazon.com during the third quarter worth approximately $37,000. Bull Oak Capital LLC acquired a new position in shares of Amazon.com in the 3rd quarter valued at $45,000. Values First Advisors Inc. bought a new position in shares of Amazon.com in the 3rd quarter worth $56,000. Finally, Christopher J. Hasenberg Inc increased its holdings in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AMZN shares. TD Cowen boosted 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. Morgan Stanley upped their target price on shares of Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. lifted their price target on Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Scotiabank increased their price objective on Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a report on Friday, November 1st. Finally, Truist Financial lifted their target price on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $243.00.

Amazon.com Price Performance

AMZN stock opened at $227.05 on Friday. The stock has a market cap of $2.39 trillion, a price-to-earnings ratio of 48.62, a P/E/G ratio of 1.54 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The company has a 50 day simple moving average of $209.04 and a 200 day simple moving average of $192.55. Amazon.com, Inc. has a 1 year low of $144.05 and a 1 year high of $233.00.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 earnings per share. Research analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. The trade was a 4.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the transaction, the insider now directly owns 914,420,614 shares in the company, valued at approximately $189,056,461,944.50. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is owned by company 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.