Pinkerton Retirement Specialists LLC Has $1.62 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Pinkerton Retirement Specialists LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 30.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,691 shares of the e-commerce giant’s stock after purchasing an additional 2,504 shares during the quarter. Pinkerton Retirement Specialists LLC’s holdings in Amazon.com were worth $1,624,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. PayPay Securities Corp grew its stake in shares of Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of 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 valued at $42,000 after buying an additional 86 shares during the period. Authentikos Wealth Advisory LLC acquired a new stake in shares of Amazon.com in the 3rd quarter valued at about $49,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Amazon.com in the 4th quarter valued at about $57,000. Finally, AM Squared Ltd acquired a new stake in shares of Amazon.com in the 3rd quarter valued at about $76,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’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 sale, the chief executive officer now directly owns 116,560 shares in the company, valued at $18,150,723.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, insider Jeffrey P. Bezos sold 2,009,208 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the completion of the transaction, the insider now owns 938,251,817 shares of the company’s stock, valued at $156,491,020,557.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s 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 transaction, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. Insiders sold 32,214,010 shares of company stock worth $5,505,889,146 over the last three months. Company insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on AMZN shares. Wolfe Research raised their target price on Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a research note 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 research note on Wednesday. Wedbush lifted their price target on Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday. Morgan Stanley lifted their price target on Amazon.com from $185.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Finally, Oppenheimer lifted their price target on Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $204.76.

Amazon.com Stock Performance

Amazon.com stock opened at $176.59 on Thursday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average of $177.71 and a 200-day moving average of $158.12. The firm has a market cap of $1.83 trillion, a P/E ratio of 60.89, a P/E/G ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 1-year low of $101.15 and a 1-year high of $189.77.

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

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.