Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Penbrook Management LLC

Penbrook Management LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,640 shares of the e-commerce giant’s stock after buying an additional 2,060 shares during the quarter. Amazon.com makes up approximately 6.2% of Penbrook Management LLC’s investment portfolio, making the stock its 3rd largest position. Penbrook Management LLC’s holdings in Amazon.com were worth $10,173,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of AMZN. Cooksen Wealth LLC acquired a new position in Amazon.com in the 4th quarter valued at about $30,000. Clarity Asset Management Inc. acquired a new stake in Amazon.com during the fourth quarter worth $46,000. Steph & Co. purchased a new stake in Amazon.com in the first quarter valued at $65,000. Koesten Hirschmann & Crabtree INC. acquired a new position in shares of Amazon.com in the 1st quarter valued at $69,000. Finally, Advantage Trust Co acquired a new stake in shares of Amazon.com during the 4th quarter worth about $68,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMZN has been the topic of a number of research analyst reports. Stifel Nicolaus reduced their price target on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. UBS Group raised their price target on Amazon.com from $217.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Robert W. Baird raised their price objective on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a report on Friday, June 21st. Wolfe Research started coverage on shares of Amazon.com in a report on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 target price for the company. Finally, Roth Mkm boosted their price objective on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating, forty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com currently has an average rating of “Buy” and an average target price of $222.49.

Insiders Place Their Bets

In other news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the transaction, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The disclosure for this sale can be found here. Insiders sold a total of 6,104,317 shares of company stock worth $1,220,621,322 in the last 90 days. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Performance

Shares of AMZN stock opened at $186.49 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The company has a market cap of $1.96 trillion, a PE ratio of 52.24, a P/E/G ratio of 1.39 and a beta of 1.14. The company’s fifty day simple moving average is $179.51 and its 200-day simple moving average is $181.56. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.18. The company had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 4.86 EPS for the current year.

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.