Pinion Investment Advisors LLC Sells 351 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Pinion Investment Advisors LLC lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,596 shares of the e-commerce giant’s stock after selling 351 shares during the period. Amazon.com makes up about 1.2% of Pinion Investment Advisors LLC’s holdings, making the stock its 12th biggest position. Pinion Investment Advisors LLC’s holdings in Amazon.com were worth $2,066,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. PayPay Securities Corp grew its stake in Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its stake in Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 86 shares in the last quarter. Authentikos Wealth Advisory LLC purchased a new position in Amazon.com in the 3rd quarter worth approximately $49,000. Bruce G. Allen Investments LLC purchased a new position in Amazon.com in the 4th quarter worth approximately $57,000. Finally, AM Squared Ltd purchased a new position in Amazon.com in the 3rd quarter worth approximately $76,000. Hedge funds and other 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 20,200 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the sale, the chief executive officer now owns 514,131 shares in the company, valued at approximately $87,397,128.69. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares in the company, valued at $18,150,723.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 20,200 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the sale, the chief executive officer now owns 514,131 shares in the company, valued at approximately $87,397,128.69. The disclosure for this sale can be found here. Insiders have sold 32,214,010 shares of company stock worth $5,505,889,146 in the last quarter. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $176.59 on Thursday. The firm’s 50-day moving average price is $177.71 and its 200-day moving average price is $158.12. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The company has a market cap of $1.83 trillion, a PE ratio of 60.89, a PEG ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 52-week low of $101.15 and a 52-week high of $189.77.

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

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of recent research reports. Moffett Nathanson restated a “buy” rating and issued a $228.00 price objective on shares of Amazon.com in a report on Thursday, April 11th. Canaccord Genuity Group upped their price target on shares of Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. JMP Securities reiterated a “market outperform” rating and set a $225.00 price target on shares of Amazon.com in a report on Wednesday. Bank of America upped their price target on shares of Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Maxim Group began coverage on shares of Amazon.com in a report on Wednesday, April 17th. They set a “buy” rating and a $218.00 price target for the company. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $204.76.

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.