Pennsylvania Capital Management Inc. ADV Grows Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Pennsylvania Capital Management Inc. ADV raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 115,958 shares of the e-commerce giant’s stock after purchasing an additional 221 shares during the quarter. Amazon.com accounts for approximately 8.6% of Pennsylvania Capital Management Inc. ADV’s portfolio, making the stock its 3rd largest position. Pennsylvania Capital Management Inc. ADV’s holdings in Amazon.com were worth $22,409,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Amazon.com by 1.9% in the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after purchasing an additional 14,724,687 shares in the last quarter. Norges Bank bought a new position in Amazon.com in the 4th quarter valued at $17,700,551,000. Capital Research Global Investors increased its stake in shares of Amazon.com by 8.5% in the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after buying an additional 6,810,145 shares during the period. Jennison Associates LLC raised its position in shares of Amazon.com by 0.5% during the first quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock worth $10,221,446,000 after acquiring an additional 295,132 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Amazon.com by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant’s stock valued at $7,888,870,000 after acquiring an additional 1,525,922 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AMZN. Citigroup lifted their price objective on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Stifel Nicolaus lowered their price target on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Telsey Advisory Group raised their price objective on shares of Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Royal Bank of Canada restated an “outperform” rating and set a $215.00 target price on shares of Amazon.com in a report on Friday, August 2nd. Finally, The Goldman Sachs Group cut their price target on shares of Amazon.com from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. One research analyst has rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $221.69.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $177.04 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average price is $183.78 and its two-hundred day moving average price is $180.90. The company has a market cap of $1.84 trillion, a PE ratio of 49.59, a price-to-earnings-growth ratio of 1.32 and a beta of 1.15. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the sale, the chief executive officer now owns 523,253 shares in the company, valued at approximately $92,767,524.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the transaction, the chief executive officer now directly owns 523,253 shares in the company, valued at $92,767,524.37. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP David Zapolsky sold 4,710 shares of the firm’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $195.00, for a total transaction of $918,450.00. Following the sale, the senior vice president now owns 59,500 shares of the company’s stock, valued at approximately $11,602,500. The disclosure for this sale can be found here. In the last three months, insiders sold 6,107,817 shares of company stock worth $1,221,241,837. 10.80% of the stock is owned by company insiders.

About Amazon.com

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.