Providence Capital Advisors LLC Has $10 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Providence Capital Advisors LLC reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 40.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,593 shares of the e-commerce giant's stock after selling 31,091 shares during the quarter. Amazon.com accounts for 2.0% of Providence Capital Advisors LLC's holdings, 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 SEC.

A number of other hedge funds also recently modified their holdings of the stock. Norges Bank bought a new position in shares of Amazon.com in the 4th quarter valued at $27,266,582,000. Vanguard Group Inc. boosted its stake in Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after buying an additional 17,635,391 shares in the last quarter. Proficio Capital Partners LLC grew its position in Amazon.com by 17,054.5% in the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock valued at $2,652,116,000 after acquiring an additional 12,018,120 shares during the last quarter. Parnassus Investments LLC raised its stake in Amazon.com by 82,457.3% during the third quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant's stock worth $2,125,148,000 after acquiring an additional 11,391,479 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Amazon.com by 3.3% in the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock worth $66,926,008,000 after acquiring an additional 11,370,309 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 5,501 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now owns 505,318 shares in the company, valued at $115,434,843.92. This trade represents a 1.08 % 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 Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AMZN. JPMorgan Chase & Co. lowered their price objective 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. Stifel Nicolaus dropped their price target on Amazon.com from $275.00 to $248.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Citizens Jmp reduced their price objective on Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. JMP Securities dropped their target price on Amazon.com from $285.00 to $240.00 and set a "market outperform" rating for the company in a research report on Monday, April 14th. Finally, Wells Fargo & Company lowered their price objective on 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. Two analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $246.50.

Amazon.com Price Performance

NASDAQ AMZN traded up $5.28 on Thursday, hitting $189.70. The stock had a trading volume of 13,902,199 shares, compared to its average volume of 41,569,011. The company has a market capitalization of $2.01 trillion, a price-to-earnings ratio of 34.22, a price-to-earnings-growth 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. The firm has a 50-day moving average of $191.39 and a 200-day moving average of $207.74. 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 earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Amazon.com 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.