First City Capital Management Inc. Has $3.72 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

First City Capital Management Inc. lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,939 shares of the e-commerce giant’s stock after selling 214 shares during the quarter. Amazon.com makes up approximately 2.0% of First City Capital Management Inc.’s investment portfolio, making the stock its 14th largest position. First City Capital Management Inc.’s holdings in Amazon.com were worth $3,716,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. jvl associates llc increased its holdings in Amazon.com by 1.8% during the fourth quarter. jvl associates llc now owns 3,958 shares of the e-commerce giant’s stock worth $868,000 after buying an additional 70 shares during the last quarter. Integrated Capital Management LLC grew its position in shares of Amazon.com by 1.0% in the 4th quarter. Integrated Capital Management LLC now owns 6,116 shares of the e-commerce giant’s stock valued at $1,342,000 after acquiring an additional 58 shares during the period. First Citizens Financial Corp increased its stake in shares of Amazon.com by 32.4% during the 4th quarter. First Citizens Financial Corp now owns 2,076 shares of the e-commerce giant’s stock worth $455,000 after purchasing an additional 508 shares during the last quarter. Everence Capital Management Inc. raised its holdings in shares of Amazon.com by 0.8% in the 4th quarter. Everence Capital Management Inc. now owns 176,370 shares of the e-commerce giant’s stock valued at $38,694,000 after purchasing an additional 1,370 shares during the period. Finally, NRI Wealth Management LC acquired a new stake in Amazon.com in the 4th quarter valued at about $5,990,000. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent analyst reports. TD Cowen raised their price objective on Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Jefferies Financial Group raised their price target on Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a report on Monday, December 16th. UBS Group increased their price objective on shares of Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Moffett Nathanson lifted their target price on shares of Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Bank of America raised their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $245.65.

Amazon.com Stock Performance

NASDAQ AMZN opened at $225.94 on Friday. The company has a fifty day moving average price of $217.91 and a 200-day moving average price of $196.30. The firm has a market cap of $2.38 trillion, a price-to-earnings ratio of 48.38, a PEG ratio of 1.22 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $233.00.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the prior year, the firm posted $0.85 EPS. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, equities research analysts predict that Amazon.com, Inc. will post 5.38 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares in the company, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is owned by insiders.

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.