PCA Investment Advisory Services Inc. Has $2.72 Million Stock Position in Amazon.com, Inc. $AMZN

PCA Investment Advisory Services Inc. grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 23.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,274 shares of the e-commerce giant’s stock after acquiring an additional 2,751 shares during the quarter. Amazon.com accounts for 1.4% of PCA Investment Advisory Services Inc.’s holdings, making the stock its 19th biggest position. PCA Investment Advisory Services Inc.’s holdings in Amazon.com were worth $2,716,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AMZN. Wealth Dimensions Group Ltd. boosted its holdings in shares of Amazon.com by 0.8% in the 1st quarter. Wealth Dimensions Group Ltd. now owns 14,168 shares of the e-commerce giant’s stock valued at $2,696,000 after buying an additional 118 shares during the last quarter. Verus Financial Partners Inc. boosted its holdings in shares of Amazon.com by 28.4% in the 1st quarter. Verus Financial Partners Inc. now owns 1,894 shares of the e-commerce giant’s stock valued at $340,000 after buying an additional 419 shares during the last quarter. Arcadia Wealth Management LLC boosted its holdings in shares of Amazon.com by 10.4% in the 1st quarter. Arcadia Wealth Management LLC now owns 13,487 shares of the e-commerce giant’s stock valued at $2,566,000 after buying an additional 1,272 shares during the last quarter. Peterson Wealth Services boosted its holdings in shares of Amazon.com by 3.6% in the 1st quarter. Peterson Wealth Services now owns 58,784 shares of the e-commerce giant’s stock valued at $11,184,000 after buying an additional 2,055 shares during the last quarter. Finally, 4WEALTH Advisors Inc. boosted its holdings in shares of Amazon.com by 5.3% in the 1st quarter. 4WEALTH Advisors Inc. now owns 6,242 shares of the e-commerce giant’s stock valued at $1,188,000 after buying an additional 316 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of the business’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider owned 883,779,901 shares in the company, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the sale, the chief executive officer owned 512,050 shares of the company’s stock, valued at approximately $111,114,850. This represents a 0.49% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,096,253 shares of company stock valued at $5,673,745,409. Corporate insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of several recent analyst reports. BNP Paribas Exane raised Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price objective for the company in a report on Friday, June 27th. Deutsche Bank Aktiengesellschaft raised their price target on Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Benchmark reaffirmed a “buy” rating and set a $260.00 price target on shares of Amazon.com in a report on Friday, May 2nd. UBS Group reaffirmed a “buy” rating and set a $271.00 price target (up previously from $249.00) on shares of Amazon.com in a report on Monday, July 28th. Finally, Citigroup reaffirmed an “overweight” rating on shares of Amazon.com in a report on Wednesday, August 13th. One research analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $262.87.

Amazon.com Trading Up 0.2%

NASDAQ AMZN opened at $231.49 on Tuesday. The company has a market cap of $2.47 trillion, a price-to-earnings ratio of 35.29, a P/E/G ratio of 1.56 and a beta of 1.31. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The business has a 50 day moving average price of $221.70 and a 200-day moving average price of $208.21. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The company’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.26 earnings per share. As a group, equities 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.