Amazon.com, Inc. (NASDAQ:AMZN) Stake Lowered by Kintegral Advisory LLC

Kintegral Advisory LLC trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,554 shares of the e-commerce giant's stock after selling 3,566 shares during the period. Amazon.com makes up 1.6% of Kintegral Advisory LLC's investment portfolio, making the stock its 6th largest holding. Kintegral Advisory LLC's holdings in Amazon.com were worth $16,795,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Rench Wealth Management Inc. grew its position in shares of Amazon.com by 7.9% during the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock valued at $9,392,000 after acquiring an additional 3,703 shares during the period. Foundations Investment Advisors LLC raised its stake in shares of Amazon.com by 9.7% in the third quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant's stock worth $34,395,000 after buying an additional 16,392 shares during the period. Blankinship & Foster LLC grew its stake in shares of Amazon.com by 216.4% during the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock valued at $1,291,000 after acquiring an additional 4,740 shares during the period. Umpqua Bank lifted its holdings in Amazon.com by 0.4% during the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant's stock valued at $6,544,000 after purchasing an additional 137 shares in the last quarter. Finally, One Wealth Capital Management LLC purchased a new stake in shares of Amazon.com in the fourth quarter worth $4,270,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

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Amazon.com Price Performance

Shares of NASDAQ AMZN traded up $2.34 during midday trading on Tuesday, hitting $205.60. The stock had a trading volume of 20,370,011 shares, compared to its average volume of 38,443,934. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The stock has a 50 day simple moving average of $218.60 and a 200-day simple moving average of $208.62. The company has a market capitalization of $2.18 trillion, a PE ratio of 37.14, a P/E/G ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 27,500 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 497,067 shares of the company's stock, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian T. Olsavsky sold 14,620 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company's stock, valued at $10,933,860. This trade represents a 22.98 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,298 shares of company stock worth $22,871,828. Insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AMZN. Moffett Nathanson increased their price target on Amazon.com from $235.00 to $248.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. UBS Group raised their target price on shares of Amazon.com from $230.00 to $264.00 and gave the company a "buy" rating in a report on Monday, December 16th. Needham & Company LLC reiterated a "buy" rating and set a $250.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Phillip Securities downgraded shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, February 10th. Finally, Morgan Stanley increased their price target on shares of Amazon.com from $230.00 to $280.00 and gave the company an "overweight" rating in a report on Monday, January 13th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and an average price target of $260.65.

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.