Penbrook Management LLC Has $9.94 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Penbrook Management LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,240 shares of the e-commerce giant’s stock after selling 100 shares during the period. Amazon.com makes up about 7.5% of Penbrook Management LLC’s investment portfolio, making the stock its 2nd largest holding. Penbrook Management LLC’s holdings in Amazon.com were worth $9,939,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Cable Hill Partners LLC lifted its stake in Amazon.com by 0.5% in the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock valued at $2,104,000 after acquiring an additional 44 shares during the last quarter. Quattro Financial Advisors LLC raised its position in shares of Amazon.com by 23.8% in the fourth 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. Northern Capital Management Inc. raised its position in shares of Amazon.com by 0.6% in the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock valued at $1,613,000 after buying an additional 45 shares in the last quarter. White Wing Wealth Management increased its stake in Amazon.com by 2.4% in the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock valued at $433,000 after acquiring an additional 47 shares during the last quarter. Finally, Balanced Wealth Group LLC increased its stake in Amazon.com by 1.6% in the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant’s stock valued at $705,000 after acquiring an additional 48 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $216.98 on Tuesday. The firm has a fifty day moving average price of $192.26 and a 200-day moving average price of $208.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The stock has a market cap of $2.30 trillion, a PE ratio of 39.24, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. During the same period last year, the company posted $0.98 earnings per share. Amazon.com’s quarterly revenue was up 8.6% on a year-over-year basis. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $204.98, for a total value of $512,450.00. Following the transaction, the chief executive officer now owns 517,050 shares of the company’s stock, valued at $105,984,909. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the transaction, the chief executive officer now directly owns 2,148,694 shares in the company, valued at $432,532,102.20. This trade represents a 0.92% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,037 shares of company stock worth $20,531,075. 9.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Raymond James reaffirmed an “outperform” rating and set a $195.00 target price (down previously from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Wall Street Zen lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a report on Monday, May 5th. UBS Group reissued a “buy” rating on shares of Amazon.com in a research report on Tuesday, May 6th. BNP Paribas upgraded shares of Amazon.com to a “hold” rating in a research note on Wednesday, April 30th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $235.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.89.

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.