Cornell Pochily Investment Advisors Inc. Cuts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Cornell Pochily Investment Advisors Inc. trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 23,431 shares of the e-commerce giant’s stock after selling 392 shares during the quarter. Amazon.com makes up about 1.8% of Cornell Pochily Investment Advisors Inc.’s investment portfolio, making the stock its 10th largest holding. Cornell Pochily Investment Advisors Inc.’s holdings in Amazon.com were worth $5,141,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC increased its holdings in shares of Amazon.com by 20,897.2% during the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock valued at $72,921,080,000 after purchasing an additional 38,949,065 shares during the period. Parnassus Investments LLC increased its holdings in shares of Amazon.com by 82,457.3% during the third quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock valued at $2,125,148,000 after purchasing an additional 11,391,479 shares during the period. State Street Corp increased its holdings in shares of Amazon.com by 3.3% during the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock valued at $66,926,008,000 after purchasing an additional 11,370,309 shares during the period. Geode Capital Management LLC increased its holdings in shares of Amazon.com by 3.4% during the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock valued at $37,116,341,000 after purchasing an additional 6,545,944 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Amazon.com during the third quarter valued at $492,144,000. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Matthew S. Garman sold 15,260 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the transaction, the chief executive officer now owns 349,261 shares in the company, valued at approximately $69,918,559.59. The trade was a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,848 shares of company stock worth $11,368,639 in the last quarter. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Down 0.7 %

AMZN stock opened at $228.68 on Monday. The firm has a market cap of $2.42 trillion, a PE ratio of 41.35, a PEG ratio of 1.36 and a beta of 1.15. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company has a fifty day simple moving average of $228.21 and a 200 day simple moving average of $202.44.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research analyst reports. HSBC raised their price target on Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a report on Monday, January 13th. UBS Group lifted their target price on Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Benchmark lifted their target price on Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $250.00 target price on shares of Amazon.com in a report on Friday, February 7th. Finally, Royal Bank of Canada increased their price target on Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $260.74.

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.