Provident Wealth Management LLC Has $267,000 Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Provident Wealth Management LLC lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 12.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,048 shares of the e-commerce giant’s stock after selling 293 shares during the period. Provident Wealth Management LLC’s holdings in Amazon.com were worth $267,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Hilton Capital Management LLC grew its holdings in Amazon.com by 0.4% in the 2nd quarter. Hilton Capital Management LLC now owns 92,840 shares of the e-commerce giant’s stock valued at $12,103,000 after buying an additional 340 shares during the last quarter. Meritage Portfolio Management grew its holdings in Amazon.com by 0.9% in the 2nd quarter. Meritage Portfolio Management now owns 36,669 shares of the e-commerce giant’s stock valued at $4,780,000 after buying an additional 335 shares during the last quarter. Coyle Financial Counsel LLC grew its holdings in Amazon.com by 3.2% in the 2nd quarter. Coyle Financial Counsel LLC now owns 10,110 shares of the e-commerce giant’s stock valued at $1,318,000 after buying an additional 316 shares during the last quarter. West Bancorporation Inc. grew its holdings in Amazon.com by 60.7% in the 2nd quarter. West Bancorporation Inc. now owns 4,304 shares of the e-commerce giant’s stock valued at $561,000 after buying an additional 1,626 shares during the last quarter. Finally, Blue Fin Capital Inc. grew its holdings in Amazon.com by 1.2% in the 2nd quarter. Blue Fin Capital Inc. now owns 119,893 shares of the e-commerce giant’s stock valued at $15,629,000 after buying an additional 1,366 shares during the last quarter. Institutional investors and hedge funds own 57.96% of the company’s stock.

Amazon.com Trading Up 0.8 %

NASDAQ AMZN opened at $139.74 on Tuesday. The stock has a 50-day simple moving average of $132.48 and a 200 day simple moving average of $127.10. The company has a market capitalization of $1.44 trillion, a PE ratio of 72.40, a P/E/G ratio of 1.85 and a beta of 1.17. The company has a current ratio of 0.98, a quick ratio of 0.74 and a debt-to-equity ratio of 0.33. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $145.86.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AMZN. Citigroup lifted their price objective on Amazon.com from $145.00 to $167.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Benchmark lifted their price objective on Amazon.com from $130.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, August 4th. StockNews.com raised Amazon.com from a “hold” rating to a “buy” rating in a report on Wednesday, November 1st. Robert W. Baird lifted their price objective on Amazon.com from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Finally, Tigress Financial lifted their price objective on Amazon.com from $192.00 to $204.00 in a report on Thursday, July 13th. Two investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $168.80.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 42,816 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $145.13, for a total value of $6,213,886.08. Following the completion of the transaction, the senior vice president now directly owns 64,380 shares of the company’s stock, valued at $9,343,469.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Amazon.com news, SVP David Zapolsky sold 42,816 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $145.13, for a total value of $6,213,886.08. Following the completion of the transaction, the senior vice president now directly owns 64,380 shares of the company’s stock, valued at $9,343,469.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $139.00, for a total value of $69,500.00. Following the completion of the transaction, the chief executive officer now directly owns 103,020 shares of the company’s stock, valued at $14,319,780. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,359,145 shares of company stock valued at $48,229,508. Company insiders own 12.30% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.