Pitcairn Co. Sells 2,888 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Pitcairn Co. reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,408 shares of the e-commerce giant's stock after selling 2,888 shares during the quarter. Amazon.com comprises approximately 1.9% of Pitcairn Co.'s portfolio, making the stock its 10th largest holding. Pitcairn Co.'s holdings in Amazon.com were worth $31,682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Accordant Advisory Group Inc grew its stake in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. purchased a new position in Amazon.com in the 4th quarter valued at $27,000. Icon Wealth Advisors LLC grew its position in Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock valued at $28,000 after buying an additional 25,581 shares during the last quarter. Perritt Capital Management Inc increased its stake in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after buying an additional 80 shares during the period. Finally, Quattro Financial Advisors LLC raised its position in Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after buying an additional 45 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Raymond James reissued an "outperform" rating and set a $195.00 price target (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Wolfe Research raised their price target on Amazon.com from $250.00 to $270.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Phillip Securities lowered Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, February 10th. Bank of America reduced their target price on Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Finally, Wells Fargo & Company lowered their price target on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $243.55.

Amazon.com Stock Down 0.1 %

AMZN traded down $0.22 during trading on Friday, hitting $189.98. The company had a trading volume of 77,794,995 shares, compared to its average volume of 41,684,289. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company has a market cap of $2.02 trillion, a PE ratio of 34.35, a P/E/G ratio of 1.50 and a beta of 1.39. The business has a 50-day moving average of $190.48 and a 200-day moving average of $207.77.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period last year, the firm earned $0.98 earnings per share. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,798 shares of company stock valued at $23,341,803. Corporate insiders own 10.80% of the company's stock.

Amazon.com 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.