Providence Capital Advisors LLC Lowers Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Providence Capital Advisors LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 40.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,593 shares of the e-commerce giant's stock after selling 31,091 shares during the quarter. Amazon.com comprises about 2.0% of Providence Capital Advisors LLC's investment portfolio, making the stock its 7th biggest holding. Providence Capital Advisors LLC's holdings in Amazon.com were worth $10,003,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Swedbank AB boosted its position in Amazon.com by 1.4% in the third quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant's stock worth $2,484,864,000 after purchasing an additional 183,610 shares during the last quarter. Sassicaia Capital Advisers LLC bought a new position in shares of Amazon.com in the 3rd quarter worth approximately $279,000. Howard Capital Management Group LLC boosted its holdings in shares of Amazon.com by 0.3% in the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock worth $66,434,000 after buying an additional 897 shares during the last quarter. Pettinga Financial Advisors LLC grew its position in Amazon.com by 4.3% during the third quarter. Pettinga Financial Advisors LLC now owns 5,512 shares of the e-commerce giant's stock valued at $1,027,000 after buying an additional 225 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in Amazon.com by 5.1% during the third quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant's stock valued at $3,757,589,000 after buying an additional 984,570 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the sale, the chief executive officer now owns 2,118,886 shares in the company, valued at $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the sale, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at $95,776,017.26. This represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,798 shares of company stock worth $23,341,803 over the last 90 days. Company insiders own 10.80% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AMZN. Telsey Advisory Group dropped their price target on shares of Amazon.com from $275.00 to $235.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Maxim Group lifted their target price on Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Royal Bank of Canada upped their price target on Amazon.com from $255.00 to $265.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Jefferies Financial Group lowered their price objective on Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Finally, Canaccord Genuity Group reiterated a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company. According to data from MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and an average price target of $247.56.

Amazon.com Stock Up 1.3 %

Shares of AMZN opened at $188.99 on Monday. 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 business has a fifty day moving average of $193.52 and a 200 day moving average of $208.05. The company has a market cap of $2.00 trillion, a PE ratio of 34.18, a P/E/G ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released 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 year.

Amazon.com Company 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.

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