First Financial Corp IN Sells 1,842 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

First Financial Corp IN reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 22.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,528 shares of the e-commerce giant’s stock after selling 1,842 shares during the period. First Financial Corp IN’s holdings in Amazon.com were worth $1,178,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AMZN. Hoxton Planning & Management LLC boosted its stake in Amazon.com by 17.2% during the first quarter. Hoxton Planning & Management LLC now owns 11,502 shares of the e-commerce giant’s stock valued at $2,075,000 after buying an additional 1,686 shares during the period. DLK Investment Management LLC boosted its stake in Amazon.com by 6.2% during the first quarter. DLK Investment Management LLC now owns 14,196 shares of the e-commerce giant’s stock valued at $2,561,000 after buying an additional 831 shares during the period. Priebe Wealth Holdings LLC bought a new stake in Amazon.com during the first quarter valued at $299,000. Von Berge Wealth Management Group LLC boosted its stake in Amazon.com by 5.7% during the first quarter. Von Berge Wealth Management Group LLC now owns 2,934 shares of the e-commerce giant’s stock valued at $529,000 after buying an additional 157 shares during the period. Finally, Inspirion Wealth Advisors LLC boosted its stake in Amazon.com by 1.3% during the first quarter. Inspirion Wealth Advisors LLC now owns 10,224 shares of the e-commerce giant’s stock valued at $1,844,000 after buying an additional 127 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

Amazon.com stock opened at $193.25 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $2.01 trillion, a P/E ratio of 54.13, a PEG ratio of 1.39 and a beta of 1.14. The stock’s 50 day moving average is $183.87 and its 200 day moving average is $172.93. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $199.84.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.31 EPS. On average, equities research analysts predict that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total transaction of $489,753.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $21,726,894.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total transaction of $489,753.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $21,726,894.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the sale, the chief executive officer now owns 131,600 shares in the company, valued at $24,214,400. The disclosure for this sale can be found here. Insiders have sold 65,338 shares of company stock worth $11,894,344 in the last 90 days. Insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AMZN shares. Benchmark reissued a “buy” rating and set a $200.00 price objective on shares of Amazon.com in a research note on Wednesday, May 1st. Moffett Nathanson reiterated a “buy” rating and issued a $228.00 price objective on shares of Amazon.com in a report on Thursday, April 11th. Bank of America upped their price objective on Amazon.com from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday. Piper Sandler upped their price objective on Amazon.com from $205.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Finally, JMP Securities reiterated a “market outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $215.86.

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.