Pioneer Trust Bank N A OR Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Pioneer Trust Bank N A OR boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,330 shares of the e-commerce giant’s stock after buying an additional 2,160 shares during the period. Amazon.com accounts for about 3.0% of Pioneer Trust Bank N A OR’s investment portfolio, making the stock its 11th biggest holding. Pioneer Trust Bank N A OR’s holdings in Amazon.com were worth $11,288,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of AMZN. Norges Bank purchased a new position in shares of Amazon.com in the fourth quarter worth $27,266,582,000. GAMMA Investing LLC boosted its holdings in shares of Amazon.com by 21,420.5% in the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock valued at $5,754,425,000 after acquiring an additional 30,104,520 shares during the last quarter. Capital World Investors boosted its holdings in shares of Amazon.com by 36.8% in the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock valued at $14,416,078,000 after acquiring an additional 17,681,004 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after acquiring an additional 17,635,391 shares during the last quarter. Finally, Capital International Investors increased its holdings in shares of Amazon.com by 26.5% during the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant’s stock valued at $12,564,961,000 after purchasing an additional 12,000,745 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $217.00, for a total transaction of $542,500.00. Following the transaction, the chief executive officer directly owned 512,050 shares in the company, valued at approximately $111,114,850. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the transaction, the insider owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,101,037 shares of company stock valued at $5,674,726,368 in the last 90 days. Insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 0.6%

Shares of NASDAQ:AMZN opened at $221.30 on Tuesday. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The company’s 50 day moving average is $219.94 and its two-hundred day moving average is $208.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.36 trillion, a PE ratio of 33.73, a P/E/G ratio of 1.50 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.26 EPS. Equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AMZN shares. Wedbush lifted their target price on shares of Amazon.com from $235.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Rosenblatt Securities increased their target price on shares of Amazon.com from $288.00 to $297.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. BNP Paribas raised shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 27th. Morgan Stanley reissued an “overweight” rating on shares of Amazon.com in a research note on Monday, July 28th. Finally, Scotiabank increased their target price on shares of Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, July 22nd. One investment analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Buy” and a consensus price target of $262.45.

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.