Pioneer Trust Bank N A OR Acquires 2,160 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Pioneer Trust Bank N A OR boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 59,330 shares of the e-commerce giant's stock after buying an additional 2,160 shares during the quarter. Amazon.com makes up 3.0% of Pioneer Trust Bank N A OR's holdings, making the stock its 11th biggest position. Pioneer Trust Bank N A OR's holdings in Amazon.com were worth $11,288,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Prudent Man Investment Management Inc. acquired a new position in Amazon.com in the fourth quarter valued at approximately $27,000. LSV Asset Management acquired a new stake in Amazon.com during the 4th quarter worth $35,000. Perritt Capital Management Inc boosted its stake in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares during the period. Cooksen Wealth LLC acquired a new stake in Amazon.com during the 1st quarter worth $36,000. Finally, Inlight Wealth Management LLC purchased a new position in Amazon.com during the 1st quarter worth $40,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Citizens Jmp assumed coverage on shares of Amazon.com in a report on Thursday, July 10th. They issued a "strong-buy" rating for the company. Barclays raised their target price on shares of Amazon.com from $240.00 to $275.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Monness Crespi & Hardt raised their price target on shares of Amazon.com from $265.00 to $275.00 and gave the company a "buy" rating in a report on Friday, August 1st. Susquehanna raised their price target on shares of Amazon.com from $225.00 to $260.00 and gave the company a "positive" rating in a report on Friday, August 1st. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $265.00 price objective on shares of Amazon.com in a research note on Wednesday. One analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $262.87.

Amazon.com Stock Up 0.5%

AMZN traded up $1.19 during midday trading on Friday, hitting $232.17. 11,049,339 shares of the company's stock traded hands, compared to its average volume of 44,744,438. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company has a market cap of $2.48 trillion, a PE ratio of 35.44, a price-to-earnings-growth ratio of 1.51 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The stock's fifty day simple moving average is $221.06 and its 200-day simple moving average is $208.69.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the prior year, the company earned $1.26 EPS. The firm's quarterly revenue was up 13.3% on a year-over-year basis. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the sale, the insider owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 25,096,253 shares of company stock worth $5,673,745,409 over the last three months. Insiders own 9.70% of the company's stock.

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.