PFC Capital Group Inc. Has $11.02 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

PFC Capital Group Inc. raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,210 shares of the e-commerce giant’s stock after buying an additional 315 shares during the period. Amazon.com comprises approximately 5.3% of PFC Capital Group Inc.’s investment portfolio, making the stock its 6th biggest holding. PFC Capital Group Inc.’s holdings in Amazon.com were worth $11,015,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Accordant Advisory Group Inc lifted its position in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after acquiring an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com during the 4th quarter worth approximately $27,000. Icon Wealth Advisors LLC boosted its stake in Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after purchasing an additional 25,581 shares during the period. Quattro Financial Advisors LLC grew its holdings in Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after buying an additional 45 shares in the last quarter. Finally, Compass Planning Associates Inc bought a new position in Amazon.com during the 4th quarter worth $51,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. This trade represents a 0.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Shelley Reynolds sold 8,833 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock valued at $23,341,803 over the last ninety days. 10.80% of the stock is owned by company insiders.

Amazon.com Price Performance

AMZN stock opened at $190.20 on Friday. The company has a market capitalization of $2.02 trillion, a P/E ratio of 34.39, a PEG ratio of 1.50 and a beta of 1.39. The company has a fifty day moving average price of $190.94 and a 200-day moving average price of $207.76. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same period last year, the company earned $0.98 EPS. Amazon.com’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Loop Capital boosted their target price on shares of Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Needham & Company LLC reissued a “buy” rating and issued a $250.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Bank of America lowered their target price on shares of Amazon.com from $257.00 to $225.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Citizens Jmp cut their price target on Amazon.com from $285.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. Finally, Truist Financial reduced their price target on Amazon.com from $265.00 to $230.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $246.50.

Amazon.com Company 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.