Pennsylvania Capital Management Inc. ADV Sells 33,853 Shares of Amazon.com, Inc. $AMZN

Pennsylvania Capital Management Inc. ADV lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 28.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,531 shares of the e-commerce giant’s stock after selling 33,853 shares during the quarter. Amazon.com comprises about 6.1% of Pennsylvania Capital Management Inc. ADV’s investment portfolio, making the stock its 4th largest position. Pennsylvania Capital Management Inc. ADV’s holdings in Amazon.com were worth $18,984,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Western Wealth Management LLC increased its holdings in Amazon.com by 0.9% in the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock valued at $26,660,000 after purchasing an additional 1,297 shares during the last quarter. Flaharty Asset Management LLC increased its holdings in shares of Amazon.com by 87.7% in the first quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock worth $968,000 after acquiring an additional 2,377 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Amazon.com in the first quarter worth about $514,000. Border to Coast Pensions Partnership Ltd increased its holdings in shares of Amazon.com by 6.0% in the second quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock worth $249,295,000 after acquiring an additional 63,924 shares in the last quarter. Finally, Formidable Asset Management LLC increased its holdings in shares of Amazon.com by 2.6% in the first quarter. Formidable Asset Management LLC now owns 35,136 shares of the e-commerce giant’s stock worth $6,685,000 after acquiring an additional 889 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on AMZN shares. Moffett Nathanson increased their price target on Amazon.com from $250.00 to $253.00 and gave the stock a “buy” rating in a report on Tuesday, June 24th. Cowen restated a “buy” rating on shares of Amazon.com in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft increased their price objective on Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Scotiabank increased their price objective on Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. increased their price objective on Amazon.com from $255.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and an average price target of $266.26.

Amazon.com Stock Down 1.7%

AMZN stock opened at $216.39 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average price of $226.16 and a two-hundred day moving average price of $212.19. The company has a market cap of $2.31 trillion, a price-to-earnings ratio of 32.99, a P/E/G ratio of 1.46 and a beta of 1.28. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates 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 business’s revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $217.10, for a total transaction of $542,750.00. Following the completion of the sale, the chief executive officer directly owned 515,507 shares of the company’s stock, valued at approximately $111,916,569.70. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the sale, the chief financial officer directly owned 49,000 shares of the company’s stock, valued at approximately $10,914,260. The trade was a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,864,716 shares of company stock valued at $2,486,013,854. Insiders own 10.80% of the company’s stock.

About Amazon.com

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.