Cornell Pochily Investment Advisors Inc. lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 785 shares of the e-commerce giant’s stock after buying an additional 34 shares during the period. Amazon.com makes up about 1.1% of Cornell Pochily Investment Advisors Inc.’s portfolio, making the stock its 26th largest position. Cornell Pochily Investment Advisors Inc.’s holdings in Amazon.com were worth $1,572,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Granite Springs Asset Management LLC boosted its position in Amazon.com by 6.1% in the second quarter. Granite Springs Asset Management LLC now owns 518 shares of the e-commerce giant’s stock worth $880,000 after purchasing an additional 30 shares during the last quarter. Bedel Financial Consulting Inc. boosted its position in Amazon.com by 21.6% in the second quarter. Bedel Financial Consulting Inc. now owns 186 shares of the e-commerce giant’s stock worth $316,000 after purchasing an additional 33 shares during the last quarter. Amalgamated Bank boosted its position in Amazon.com by 7.5% in the second quarter. Amalgamated Bank now owns 63,453 shares of the e-commerce giant’s stock worth $107,857,000 after purchasing an additional 4,447 shares during the last quarter. Mycio Wealth Partners LLC boosted its position in Amazon.com by 17.4% in the second quarter. Mycio Wealth Partners LLC now owns 2,582 shares of the e-commerce giant’s stock worth $4,389,000 after purchasing an additional 382 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Amazon.com by 6.1% in the second quarter. Nisa Investment Advisors LLC now owns 112,082 shares of the e-commerce giant’s stock worth $190,193,000 after purchasing an additional 6,474 shares during the last quarter. 55.72% of the stock is currently owned by institutional investors.

NASDAQ:AMZN opened at $1,637.89 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.80 and a current ratio of 1.08. Amazon.com, Inc. has a 52-week low of $1,265.93 and a 52-week high of $2,050.50. The firm has a market cap of $816.86 billion, a P/E ratio of 359.98, a P/E/G ratio of 2.39 and a beta of 1.66.

In related news, VP Shelley Reynolds sold 437 shares of the business’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $1,573.11, for a total transaction of $687,449.07. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David Zapolsky sold 1,929 shares of the business’s stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $1,566.09, for a total value of $3,020,987.61. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,878 shares of company stock worth $10,860,651. 16.30% of the stock is currently owned by corporate insiders.

Several research analysts have weighed in on AMZN shares. Royal Bank of Canada reissued a “buy” rating on shares of Amazon.com in a research report on Monday, October 29th. Stifel Nicolaus reissued a “buy” rating and issued a $2,525.00 price objective on shares of Amazon.com in a research report on Friday, October 12th. Nomura reissued a “buy” rating on shares of Amazon.com in a research report on Thursday, November 8th. Goldman Sachs Group cut their price objective on Amazon.com from $2,200.00 to $2,000.00 and set a “conviction-buy” rating on the stock in a research report on Friday, January 4th. Finally, SunTrust Banks boosted their price objective on Amazon.com to $2,250.00 and gave the stock a “buy” rating in a research report on Friday, October 26th. Four equities research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $2,095.16.

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About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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