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

Kentucky Retirement Systems lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 690,101 shares of the e-commerce giant’s stock after selling 4,085 shares during the period. Amazon.com comprises 3.9% of Kentucky Retirement Systems’ holdings, making the stock its 4th biggest holding. Kentucky Retirement Systems’ holdings in Amazon.com were worth $133,362,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. jvl associates llc boosted its stake in shares of Amazon.com by 7.1% during the first quarter. jvl associates llc now owns 3,203 shares of the e-commerce giant’s stock valued at $578,000 after purchasing an additional 213 shares in the last quarter. Emprise Bank acquired a new stake in shares of Amazon.com during the first quarter valued at about $3,349,000. Mainsail Asset Management LLC boosted its stake in shares of Amazon.com by 15.5% during the first quarter. Mainsail Asset Management LLC now owns 7,533 shares of the e-commerce giant’s stock valued at $1,359,000 after purchasing an additional 1,013 shares in the last quarter. Deane Retirement Strategies Inc. boosted its stake in shares of Amazon.com by 0.3% during the first quarter. Deane Retirement Strategies Inc. now owns 25,325 shares of the e-commerce giant’s stock valued at $4,565,000 after purchasing an additional 76 shares in the last quarter. Finally, CJM Wealth Advisers Ltd. boosted its stake in shares of Amazon.com by 4.2% during the first quarter. CJM Wealth Advisers Ltd. now owns 6,778 shares of the e-commerce giant’s stock valued at $1,223,000 after purchasing an additional 276 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 0.8 %

Shares of Amazon.com stock opened at $188.99 on Friday. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The firm has a market cap of $1.97 trillion, a PE ratio of 52.94, a P/E/G ratio of 1.38 and a beta of 1.14. The stock has a fifty day moving average price of $181.98 and a 200-day moving average price of $183.41. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The firm had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Equities research analysts anticipate that Amazon.com, Inc. will post 4.85 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on AMZN. Sanford C. Bernstein lifted their price target on Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. UBS Group upped their target price on Amazon.com from $217.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Truist Financial upped their target price on Amazon.com from $230.00 to $265.00 and gave the company a “buy” rating in a report on Monday, September 30th. TD Cowen upped their target price on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Finally, Wolfe Research started coverage on Amazon.com in a report on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 target price on the stock. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $236.78.

Insider Activity

In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total transaction of $662,375.00. Following the completion of the sale, the chief executive officer now directly owns 503,753 shares of the company’s stock, valued at $95,335,255.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total value of $662,375.00. Following the transaction, the chief executive officer now owns 503,753 shares of the company’s stock, valued at $95,335,255.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,355 shares of company stock valued at $9,877,423 in the last ninety days. 10.80% of the stock is currently owned by insiders.

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.