Orrstown Financial Services Inc. Raises Stake in Amazon.com, Inc. $AMZN

Key Points

• Orrstown Financial Services Inc. increased its stake in Amazon by 27.2% during the 2nd quarter, owning a total of 20,867 shares valued at approximately $4.58 million.
• Insider transactions revealed that David Zapolsky sold 13,570 shares, reducing his position by 23.53%, while CEO Douglas J. Herrington sold 2,500 shares, representing a 0.48% decrease in his holdings.
• Analysts maintain a consensus "Buy" rating for Amazon, with a target price increase to $264.04, while the company has shown strong quarterly earnings, exceeding expectations with $1.68 EPS.

Orrstown Financial Services Inc. boosted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 27.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,867 shares of the e-commerce giant's stock after buying an additional 4,465 shares during the quarter. Amazon.com makes up approximately 1.0% of Orrstown Financial Services Inc.'s portfolio, making the stock its 12th biggest position. Orrstown Financial Services Inc.'s holdings in Amazon.com were worth $4,578,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Castlekeep Investment Advisors LLC bought a new position in shares of Amazon.com during the fourth quarter valued at approximately $25,000. Carderock Capital Management Inc. bought a new position in shares of Amazon.com during the second quarter valued at approximately $27,000. Cooksen Wealth LLC bought a new position in shares of Amazon.com during the first quarter valued at approximately $36,000. Inlight Wealth Management LLC bought a new position in shares of Amazon.com during the first quarter valued at approximately $40,000. Finally, Capitol Family Office Inc. bought a new position in shares of Amazon.com during the first quarter valued at approximately $42,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 13,570 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the sale, the senior vice president directly owned 44,110 shares in the company, valued at $9,825,943.60. This represents a 23.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $223.49, for a total transaction of $558,725.00. Following the completion of the transaction, the chief executive officer directly owned 518,007 shares of the company's stock, valued at $115,769,384.43. This represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,772,985 shares of company stock worth $4,939,346,118 over the last three months. 10.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of research reports. Jefferies Financial Group reiterated a "buy" rating on shares of Amazon.com in a report on Thursday, September 11th. Royal Bank Of Canada increased their price objective on Amazon.com from $230.00 to $240.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Westpark Capital reiterated a "buy" rating and issued a $280.00 price objective on shares of Amazon.com in a report on Friday, August 1st. BNP Paribas upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Finally, Piper Sandler increased their price objective on Amazon.com from $250.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $264.04.

Amazon.com Trading Up 0.7%

Amazon.com stock opened at $219.78 on Monday. The business has a 50-day simple moving average of $227.44 and a two-hundred day simple moving average of $210.35. The company has a market cap of $2.34 trillion, a P/E ratio of 33.50, a P/E/G ratio of 1.47 and a beta of 1.31. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter last year, the firm posted $1.26 earnings per share. The firm's revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. Analysts predict that Amazon.com, Inc. will post 6.31 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.

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