Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Pinion Investment Advisors LLC

Pinion Investment Advisors LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,596 shares of the e-commerce giant’s stock after selling 351 shares during the quarter. Amazon.com comprises approximately 1.2% of Pinion Investment Advisors LLC’s investment portfolio, making the stock its 12th biggest holding. Pinion Investment Advisors LLC’s holdings in Amazon.com were worth $2,066,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Amazon.com by 4.4% during the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after acquiring an additional 32,038,029 shares during the period. International Assets Investment Management LLC increased its stake in shares of Amazon.com by 16,029.3% during the fourth quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock valued at $36,260,810,000 after acquiring an additional 23,717,254 shares during the period. FMR LLC increased its stake in shares of Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after acquiring an additional 21,649,871 shares during the period. Jennison Associates LLC increased its stake in shares of Amazon.com by 28.4% during the third quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock valued at $6,989,254,000 after acquiring an additional 12,176,114 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Amazon.com during the third quarter valued at approximately $610,138,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $176.59 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The firm’s 50-day simple moving average is $177.71 and its 200-day simple moving average is $158.12. Amazon.com, Inc. has a twelve month low of $101.15 and a twelve month high of $189.77. The firm has a market cap of $1.83 trillion, a P/E ratio of 60.89, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. The firm had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 earnings per share. As a group, research analysts expect that Amazon.com, Inc. will post 4.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Roth Mkm restated a “buy” rating and set a $205.00 target price on shares of Amazon.com in a report on Tuesday, April 16th. Wolfe Research raised their price objective on shares of Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. JMP Securities reaffirmed a “market outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a research note on Wednesday. Sanford C. Bernstein raised their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, The Goldman Sachs Group lifted their target price on shares of Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $204.76.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the transaction, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the completion of the transaction, the insider now directly owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,214,010 shares of company stock valued at $5,505,889,146. Insiders own 10.80% of the company’s stock.

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.