Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD Cuts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD cut its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 13.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,500 shares of the e-commerce giant's stock after selling 6,732 shares during the period. Amazon.com comprises approximately 2.2% of Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD's holdings, making the stock its 11th largest holding. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD's holdings in Amazon.com were worth $9,316,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AMZN. Forge First Asset Management Inc. lifted its holdings in Amazon.com by 119.4% during the 4th quarter. Forge First Asset Management Inc. now owns 39,500 shares of the e-commerce giant's stock valued at $8,666,000 after purchasing an additional 21,500 shares during the last quarter. Westchester Capital Management Inc. raised its stake in shares of Amazon.com by 2.8% in the fourth quarter. Westchester Capital Management Inc. now owns 37,841 shares of the e-commerce giant's stock valued at $8,302,000 after acquiring an additional 1,034 shares during the last quarter. Truvestments Capital LLC boosted its holdings in shares of Amazon.com by 7.9% in the 4th quarter. Truvestments Capital LLC now owns 8,023 shares of the e-commerce giant's stock worth $1,760,000 after acquiring an additional 588 shares in the last quarter. Austin Wealth Management LLC increased its holdings in Amazon.com by 5.5% during the 4th quarter. Austin Wealth Management LLC now owns 12,405 shares of the e-commerce giant's stock valued at $2,803,000 after purchasing an additional 647 shares in the last quarter. Finally, SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new position in Amazon.com in the fourth quarter worth $2,844,000. Institutional investors own 72.20% of the company's stock.

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Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 27,500 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares of the company's stock, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Brian T. Olsavsky sold 14,620 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the sale, the chief financial officer now directly owns 49,000 shares of the company's stock, valued at approximately $10,933,860. This trade represents a 22.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock worth $23,341,803 over the last quarter. Company insiders own 10.80% of the company's stock.

Amazon.com Trading Down 0.7 %

Shares of Amazon.com stock traded down $1.25 during trading on Thursday, hitting $173.08. The company's stock had a trading volume of 11,979,628 shares, compared to its average volume of 45,234,086. The stock has a market cap of $1.83 trillion, a price-to-earnings ratio of 31.30, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The stock has a 50-day moving average price of $200.86 and a two-hundred day moving average price of $208.06.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AMZN shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $250.00 price target on shares of Amazon.com in a report on Friday, February 7th. Rosenblatt Securities upped their price target on Amazon.com from $236.00 to $287.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Wolfe Research lifted their price objective on Amazon.com from $250.00 to $270.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Loop Capital upped their target price on shares of Amazon.com from $275.00 to $285.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Amazon.com from $270.00 to $220.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $252.73.

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.