PNC Financial Services Group Inc. Has $1.25 Billion Holdings in Amazon.com, Inc. $AMZN

PNC Financial Services Group Inc. raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 6,594,373 shares of the e-commerce giant’s stock after buying an additional 70,831 shares during the period. Amazon.com comprises approximately 0.7% of PNC Financial Services Group Inc.’s holdings, making the stock its 14th largest holding. PNC Financial Services Group Inc. owned about 0.06% of Amazon.com worth $1,254,645,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC bought a new position in Amazon.com in the 4th quarter valued at $25,000. LSV Asset Management bought a new position in Amazon.com in the 4th quarter valued at $35,000. Cooksen Wealth LLC bought a new position in Amazon.com in the 1st quarter valued at $36,000. Inlight Wealth Management LLC bought a new position in Amazon.com in the 1st quarter valued at $40,000. Finally, Capitol Family Office Inc. bought a new position in Amazon.com in the 1st quarter valued at $42,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

AMZN opened at $225.34 on Wednesday. The business’s 50-day moving average price is $224.91 and its two-hundred day moving average price is $207.92. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The company has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 34.35, a P/E/G ratio of 1.54 and a beta of 1.30. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter last year, the business posted $1.26 EPS. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several recent research reports. Citigroup restated an “overweight” rating on shares of Amazon.com in a research report on Wednesday, August 13th. Needham & Company LLC restated a “buy” rating and issued a $265.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Jefferies Financial Group raised their price target on Amazon.com from $255.00 to $265.00 in a research report on Wednesday, July 16th. Wedbush raised their price target on Amazon.com from $235.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Finally, Sanford C. Bernstein set a $235.00 price target on Amazon.com and gave the stock an “outperform” rating in a research report on Tuesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $262.87.

Insider Transactions at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the sale, the senior vice president owned 44,110 shares of the company’s stock, valued at $9,825,943.60. This trade represents a 23.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 6,835 shares of Amazon.com stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.62, for a total value of $1,514,772.70. Following the completion of the sale, the chief executive officer directly owned 520,507 shares in the company, valued at $115,354,761.34. This represents a 1.30% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,095,411 shares of company stock worth $5,675,473,849. 10.80% of the stock is currently owned by company insiders.

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.