Orrstown Financial Services Inc. raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,796 shares of the e-commerce giant after acquiring an additional 85 shares during the period. Amazon.com accounts for about 0.8% of Orrstown Financial Services Inc.’s investment portfolio, making the stock its 17th-largest holding. Orrstown Financial Services Inc.’s shares in Amazon.com were worth $1,507,000 at the time of its most recent SEC filing.

Several other hedge funds have also added to or reduced their holdings in the company recently. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com in the fourth quarter worth $30,000. Strid Group LLC acquired a new position in Amazon.com in the fourth quarter worth approximately $43,000. Clarity Asset Management Inc. purchased a new position in Amazon.com in the fourth quarter worth approximately $46,000. Steph & Co. acquired a new stake in shares of Amazon.com in the first quarter worth approximately $65,000. Finally, Koesten Hirschmann & Crabtree INC. purchased a new stake in shares of Amazon.com in the first quarter worth approximately $69,000. 72.20% of the shares are currently owned by hedge funds and other institutional investors.

Wall Street analysts predict growth

Several equities analysts have recently issued reports on shares of AMZN. UBS Group increased their price target on shares of Amazon.com from $217.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. TD Securities increased their price target on Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Truist Financial increased their price target on Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Barclays increased their price target on Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Argus raised their price objective on shares of Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. One analyst has rated the stock with a hold rating, forty have given a buy rating, and one has given the company a strong buy rating. According to MarketBeat, Amazon.com has an average rating of “Buy” and an average price objective of $221.69.

Check out our latest stock analysis on Amazon.com

Amazon.com Stock Performance

AMZN shares opened at $176.13 on Friday. Amazon.com, Inc. has a one-year low of $118.35 and a one-year high of $201.20. The stock has a market cap of $1.83 trillion, a price-to-earnings ratio of 49.34, a PEG ratio of 1.32 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The stock’s fifty-day moving average is $183.91 and its two-hundred-day moving average is $180.85.

Buy and sell insider

In other Amazon.com news, insider Jeffrey P. Bezos sold 3,085,116 shares of the company’s stock in a transaction dated Friday, July 5. The shares were sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the completion of the transaction, the insider now directly owns 931,925,277 shares of the company’s stock, valued at approximately $186,450,290,169.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available on the SEC’s website. In related news, insider Jeffrey P. Bezos sold 3,085,116 shares of the company’s stock in a transaction that occurred on Friday, July 5. The shares were sold at an average price of $200.07, for a total transaction value of $617,239,158.12. Following the sale, the insider now directly owns 931,925,277 shares of the company’s stock, valued at approximately $186,450,290,169.39. The transaction was disclosed in a legal filing with the SEC, which can be accessed at this hyperlink. Also, insider Jeffrey P. Bezos sold 1,463,437 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $200.08, for a total value of $292,804,474.96. Following the transaction, the insider now owns 935,211,842 shares of the company’s stock, valued at approximately $187,117,185,347.36. The announcement of this sale can be found here. Insiders sold a total of 6,059,152 shares of the company’s stock during the last quarter, valued at $1,212,453,840. Company insiders own 10.80% of the company’s shares.

About Amazon.com

(Free Report)

Amazon.com, Inc. engages in the retailing of consumer products, advertising, and subscriptions 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.

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