Providence First Trust Co Sells 14,872 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Providence First Trust Co reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 88.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,990 shares of the e-commerce giant's stock after selling 14,872 shares during the period. Providence First Trust Co's holdings in Amazon.com were worth $437,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Noble Wealth Management PBC acquired a new position in shares of Amazon.com in the 4th quarter valued at approximately $1,160,000. US Bancorp DE lifted its stake in Amazon.com by 0.4% in the fourth quarter. US Bancorp DE now owns 5,774,653 shares of the e-commerce giant's stock valued at $1,266,901,000 after buying an additional 20,390 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Amazon.com by 1.1% in the fourth quarter. Fisher Asset Management LLC now owns 45,159,737 shares of the e-commerce giant's stock valued at $9,907,595,000 after buying an additional 506,166 shares during the period. Noesis Capital Mangement Corp increased its position in shares of Amazon.com by 2.2% during the fourth quarter. Noesis Capital Mangement Corp now owns 9,666 shares of the e-commerce giant's stock worth $2,121,000 after acquiring an additional 205 shares in the last quarter. Finally, Conservest Capital Advisors Inc. raised its holdings in shares of Amazon.com by 0.8% during the fourth quarter. Conservest Capital Advisors Inc. now owns 6,651 shares of the e-commerce giant's stock worth $1,459,000 after acquiring an additional 50 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 2,118,886 shares in the company, valued at $467,532,195.90. The trade was a 0.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 5,501 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the sale, the chief executive officer now directly owns 505,318 shares in the company, valued at approximately $115,434,843.92. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,298 shares of company stock worth $22,871,828. Corporate insiders own 10.80% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on AMZN shares. BMO Capital Markets reissued an "outperform" rating and issued a $236.00 price target on shares of Amazon.com in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. boosted their target price on Amazon.com from $250.00 to $280.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. Wells Fargo & Company decreased their price target on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 25th. Mizuho boosted their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 10th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $275.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $260.53.

Amazon.com Stock Performance

Shares of AMZN traded up $1.91 during mid-day trading on Tuesday, hitting $192.17. 41,171,347 shares of the company's stock were exchanged, compared to its average volume of 39,975,586. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The stock's 50-day simple moving average is $216.15 and its 200-day simple moving average is $209.27. 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 firm has a market cap of $2.04 trillion, a price-to-earnings ratio of 34.75, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating 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, equities research analysts expect 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.