Fragasso Financial Advisors Inc Sells 6,163 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Fragasso Financial Advisors Inc decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,867 shares of the e-commerce giant's stock after selling 6,163 shares during the period. Amazon.com accounts for about 0.9% of Fragasso Financial Advisors Inc's portfolio, making the stock its 18th biggest position. Fragasso Financial Advisors Inc's holdings in Amazon.com were worth $11,961,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC bought a new position in Amazon.com in the fourth quarter worth approximately $25,000. Accordant Advisory Group Inc boosted its holdings in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Prudent Man Investment Management Inc. bought a new position in Amazon.com in the fourth quarter worth approximately $27,000. LSV Asset Management bought a new position in Amazon.com in the fourth quarter worth approximately $35,000. Finally, Perritt Capital Management Inc boosted its holdings in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

NASDAQ:AMZN opened at $212.10 on Friday. The firm has a market capitalization of $2.25 trillion, a price-to-earnings ratio of 38.35, a P/E/G ratio of 1.50 and a beta of 1.33. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The stock has a fifty day moving average of $195.47 and a 200 day moving average of $209.16. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

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

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares of the company's stock, valued at $95,776,017.26. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,000,233.60. Following the sale, the chief executive officer now directly owns 2,148,694 shares of the company's stock, valued at approximately $432,532,102.20. This trade represents a 0.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock valued at $20,531,075 over the last 90 days. Insiders own 9.70% of the company's stock.

Analyst Ratings Changes

AMZN has been the topic of several recent research reports. Wells Fargo & Company cut their price target on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 25th. JMP Securities reiterated a "market outperform" rating on shares of Amazon.com in a report on Tuesday, May 6th. Telsey Advisory Group reiterated an "outperform" rating and issued a $235.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Morgan Stanley lowered their price objective on Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, Piper Sandler reissued an "overweight" rating and issued a $212.00 price objective (down from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $244.89.

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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