Penney Financial LLC Raises Position in Amazon.com, Inc. (NASDAQ:AMZN)

Penney Financial LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 6.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,759 shares of the e-commerce giant’s stock after purchasing an additional 160 shares during the quarter. Amazon.com comprises about 0.4% of Penney Financial LLC’s portfolio, making the stock its 21st biggest position. Penney Financial LLC’s holdings in Amazon.com were worth $605,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in AMZN. Gilbert & Cook Inc. boosted its holdings in Amazon.com by 4.6% in the fourth quarter. Gilbert & Cook Inc. now owns 29,217 shares of the e-commerce giant’s stock worth $6,410,000 after acquiring an additional 1,289 shares in the last quarter. EMC Capital Management raised its position in shares of Amazon.com by 1.2% in the 4th quarter. EMC Capital Management now owns 86,735 shares of the e-commerce giant’s stock valued at $19,029,000 after purchasing an additional 1,000 shares during the last quarter. Colton Groome Financial Advisors LLC boosted its stake in Amazon.com by 11.3% in the 4th quarter. Colton Groome Financial Advisors LLC now owns 4,830 shares of the e-commerce giant’s stock worth $1,060,000 after purchasing an additional 489 shares in the last quarter. Crews Bank & Trust purchased a new stake in Amazon.com during the 4th quarter worth approximately $4,997,000. Finally, Capital Investment Advisory Services LLC increased its stake in Amazon.com by 1.5% during the 4th quarter. Capital Investment Advisory Services LLC now owns 94,571 shares of the e-commerce giant’s stock valued at $20,748,000 after purchasing an additional 1,362 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the transaction, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,852 shares of company stock valued at $9,324,151 in the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. TD Cowen boosted their price objective on shares of Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Wedbush reiterated an “outperform” rating and set a $280.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Redburn Atlantic raised their price objective on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. HSBC lifted their target price on Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Finally, Tigress Financial increased their price target on shares of Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $260.74.

Amazon.com Trading Down 1.7 %

Shares of AMZN stock opened at $222.88 on Friday. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The stock’s fifty day moving average is $228.10 and its two-hundred day moving average is $203.58. The firm has a market capitalization of $2.36 trillion, a P/E ratio of 40.30, a PEG ratio of 1.57 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal 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.