Cornell Pochily Investment Advisors Inc. Has $4.44 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Cornell Pochily Investment Advisors Inc. lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 23,823 shares of the e-commerce giant’s stock after buying an additional 166 shares during the period. Amazon.com makes up approximately 1.5% of Cornell Pochily Investment Advisors Inc.’s portfolio, making the stock its 14th largest position. Cornell Pochily Investment Advisors Inc.’s holdings in Amazon.com were worth $4,439,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Garrison Point Advisors LLC raised its stake in Amazon.com by 0.3% during the first quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock worth $3,675,000 after acquiring an additional 55 shares in the last quarter. Meridian Investment Counsel Inc. grew its holdings in shares of Amazon.com by 1.8% during the second quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock worth $594,000 after purchasing an additional 55 shares during the last quarter. O Connor Financial Group LLC increased its stake in shares of Amazon.com by 2.2% in the third quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock valued at $473,000 after buying an additional 55 shares in the last quarter. Cherrydale Wealth Management LLC raised its holdings in shares of Amazon.com by 0.7% in the third quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock valued at $1,396,000 after buying an additional 55 shares during the last quarter. Finally, Lutz Financial Services LLC lifted its position in Amazon.com by 1.9% during the 1st quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock worth $551,000 after buying an additional 57 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AMZN shares. Loop Capital boosted their target price on Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. DA Davidson reissued a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a research note on Thursday, October 10th. Truist Financial upped their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Needham & Company LLC reiterated a “buy” rating and set a $210.00 target price on shares of Amazon.com in a report on Friday, November 1st. Finally, Scotiabank boosted their target price on Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $234.55.

Insiders Place Their Bets

In other news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The trade was a 0.00 % 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. In related news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,053,349 shares of company stock worth $1,256,503,289 in the last 90 days. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $208.91 on Wednesday. Amazon.com, Inc. has a 52-week low of $139.52 and a 52-week high of $212.25. The stock has a market cap of $2.20 trillion, a PE ratio of 44.73, a P/E/G ratio of 1.40 and a beta of 1.14. The firm has a 50-day moving average of $188.40 and a 200-day moving average of $184.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period last year, the business posted $0.85 earnings per share. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 5.27 EPS for the current year.

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.