Kentucky Retirement Systems Sells 8,842 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Kentucky Retirement Systems trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 641,907 shares of the e-commerce giant’s stock after selling 8,842 shares during the quarter. Amazon.com accounts for 4.2% of Kentucky Retirement Systems’ holdings, making the stock its 4th biggest holding. Kentucky Retirement Systems’ holdings in Amazon.com were worth $140,828,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Accordant Advisory Group Inc lifted its position in shares of Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after buying an additional 100 shares during the last quarter. Quattro Financial Advisors LLC lifted its position in shares of Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after buying an additional 45 shares during the last quarter. Bull Oak Capital LLC bought a new stake in shares of Amazon.com during the 3rd quarter worth $45,000. Iron Horse Wealth Management LLC lifted its position in shares of Amazon.com by 64.4% during the 4th quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant’s stock worth $63,000 after buying an additional 112 shares during the last quarter. Finally, Values First Advisors Inc. bought a new position in Amazon.com in the third quarter valued at about $56,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In related news, SVP David Zapolsky sold 5,848 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.72, for a total value of $1,290,770.56. Following the completion of the transaction, the senior vice president now owns 69,162 shares of the company’s stock, valued at $15,265,436.64. The trade was a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock valued at $22,871,828 in the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

Amazon.com stock opened at $196.21 on Friday. The company has a market cap of $2.08 trillion, a PE ratio of 35.48, a PEG ratio of 1.50 and a beta of 1.19. The company’s 50-day moving average is $218.90 and its two-hundred day moving average is $207.97. 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, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Piper Sandler reiterated an “overweight” rating and issued a $265.00 target price (up from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. Morgan Stanley increased their target price on Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. TD Cowen increased their target price on Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. increased their target price on Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Finally, Raymond James increased their price target on Amazon.com from $260.00 to $275.00 in a research note on Monday, February 10th. Two 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $260.65.

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.