Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,667,385 shares of the e-commerce giant's stock after selling 62,291 shares during the quarter. Amazon.com accounts for about 3.2% of Teachers Retirement System of The State of Kentucky's investment portfolio, making the stock its 4th largest holding. Teachers Retirement System of The State of Kentucky's holdings in Amazon.com were worth $365,807,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Momentous Wealth Management Inc. bought a new stake in shares of Amazon.com during the fourth quarter valued at about $749,000. Segall Bryant & Hamill LLC grew its holdings in Amazon.com by 14.3% during the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after acquiring an additional 39,696 shares during the period. Evergreen Capital Management LLC grew its holdings in Amazon.com by 0.5% during the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock worth $53,213,000 after acquiring an additional 1,198 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Amazon.com by 173.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock worth $759,434,000 after acquiring an additional 2,196,353 shares during the period. Finally, Blankinship & Foster LLC increased its stake in Amazon.com by 216.4% in the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock worth $1,291,000 after purchasing an additional 4,740 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AMZN shares. Piper Sandler reissued an "overweight" rating and issued a $212.00 price target (down previously from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. JPMorgan Chase & Co. lifted their target price on Amazon.com from $220.00 to $225.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Citizens Jmp lowered their target price on Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Oppenheimer lowered their target price on Amazon.com from $260.00 to $220.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Finally, Rosenblatt Securities lifted their target price on Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. According to MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and an average price target of $244.09.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $26,647,456.60. This represents a 6.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 5,501 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the transaction, the chief executive officer now owns 505,318 shares of the company's stock, valued at $115,434,843.92. This trade represents a 1.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,798 shares of company stock worth $17,696,733. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Stock Down 2.4%

Shares of NASDAQ AMZN opened at $205.17 on Friday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The firm has a fifty day moving average of $189.15 and a 200-day moving average of $208.40. The stock has a market capitalization of $2.18 trillion, a PE ratio of 37.10, a P/E/G ratio of 1.50 and a beta of 1.30. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same period in the prior year, the company earned $0.98 EPS. The firm's revenue was up 8.6% on a year-over-year basis. On average, analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

About Amazon.com

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.

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