Pennsylvania Capital Management Inc. ADV boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,384 shares of the e-commerce giant's stock after purchasing an additional 4,551 shares during the period. Amazon.com makes up 8.4% of Pennsylvania Capital Management Inc. ADV's portfolio, making the stock its 4th biggest position. Pennsylvania Capital Management Inc. ADV's holdings in Amazon.com were worth $22,904,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the company. Jericho Financial LLP boosted its stake in Amazon.com by 1.6% during the 1st quarter. Jericho Financial LLP now owns 33,149 shares of the e-commerce giant's stock valued at $6,307,000 after acquiring an additional 532 shares during the last quarter. Ridgecrest Wealth Partners LLC boosted its stake in Amazon.com by 8.1% during the 1st quarter. Ridgecrest Wealth Partners LLC now owns 8,354 shares of the e-commerce giant's stock valued at $1,589,000 after acquiring an additional 628 shares during the last quarter. First Bancorp Inc ME boosted its stake in Amazon.com by 2.9% during the 1st quarter. First Bancorp Inc ME now owns 11,471 shares of the e-commerce giant's stock valued at $2,182,000 after acquiring an additional 320 shares during the last quarter. Crumly & Associates Inc. boosted its stake in Amazon.com by 2.0% during the 1st quarter. Crumly & Associates Inc. now owns 7,789 shares of the e-commerce giant's stock valued at $1,482,000 after acquiring an additional 154 shares during the last quarter. Finally, 1858 Wealth Management LLC boosted its stake in Amazon.com by 7.2% during the 1st quarter. 1858 Wealth Management LLC now owns 18,050 shares of the e-commerce giant's stock valued at $3,434,000 after acquiring an additional 1,207 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In related news, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the transaction, the chief executive officer owned 2,148,694 shares of the company's stock, valued at approximately $432,532,102.20. This trade represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew S. Garman sold 20,923 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,886,613 shares of company stock valued at $1,531,840,610. 9.70% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
AMZN has been the topic of a number of analyst reports. Citizens Jmp initiated coverage on shares of Amazon.com in a report on Thursday. They issued a "strong-buy" rating on the stock. Wall Street Zen cut shares of Amazon.com from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Bank of America increased their price objective on shares of Amazon.com from $230.00 to $248.00 and gave the stock a "buy" rating in a report on Monday, June 2nd. Benchmark reaffirmed a "buy" rating and issued a $260.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Finally, Wells Fargo & Company increased their price objective on shares of Amazon.com from $201.00 to $238.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Three equities research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $249.42.
Read Our Latest Stock Analysis on AMZN
Amazon.com Price Performance
NASDAQ AMZN opened at $225.02 on Friday. The company has a 50 day simple moving average of $209.90 and a 200-day simple moving average of $208.49. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The firm has a market capitalization of $2.39 trillion, a price-to-earnings ratio of 36.65, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.
Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 earnings per share. Equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.
Amazon.com Profile
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Free Report)
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.
Further Reading

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