Philadelphia Trust Co. Has $24.55 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Philadelphia Trust Co. lifted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,891 shares of the e-commerce giant's stock after purchasing an additional 12,784 shares during the quarter. Amazon.com accounts for 1.8% of Philadelphia Trust Co.'s portfolio, making the stock its 16th largest position. Philadelphia Trust Co.'s holdings in Amazon.com were worth $24,548,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after buying an additional 17,635,391 shares during the last quarter. State Street Corp grew its holdings in Amazon.com by 3.3% during the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock valued at $66,926,008,000 after purchasing an additional 11,370,309 shares during the last quarter. FMR LLC lifted its position in shares of Amazon.com by 0.5% in the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock worth $72,061,766,000 after purchasing an additional 1,725,664 shares during the period. Geode Capital Management LLC increased its stake in Amazon.com by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock valued at $44,837,256,000 after purchasing an additional 5,015,380 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Amazon.com in the fourth quarter worth $27,266,582,000. 72.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 19,212 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the transaction, the senior vice president now directly owns 49,950 shares in the company, valued at approximately $10,864,125. This represents a 27.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $190.67, for a total transaction of $476,675.00. Following the sale, the chief executive officer now directly owns 506,974 shares in the company, valued at $96,664,732.58. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 107,298 shares of company stock worth $23,818,478 in the last ninety days. 9.70% of the stock is owned by corporate insiders.

Amazon.com Price Performance

NASDAQ:AMZN traded up $15.45 during midday trading on Monday, hitting $208.51. The company had a trading volume of 54,300,061 shares, compared to its average volume of 41,778,004. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The stock's fifty day moving average price is $188.50 and its 200-day moving average price is $208.10. The company has a market capitalization of $2.21 trillion, a PE ratio of 37.64, a P/E/G ratio of 1.50 and a beta of 1.30. 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 earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $0.98 earnings per share. As a group, research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Raymond James reiterated an "outperform" rating and issued a $195.00 price objective (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Morgan Stanley dropped their price objective on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Canaccord Genuity Group restated a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. Maxim Group lifted their target price on shares of Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, Phillip Securities downgraded shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, February 10th. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $244.09.

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.