Schuylkill Financial Boosts Amazon Stake Amid Bullish Analyst Sentiment

Schuylkill Financial LLC has acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, according to its latest Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,695 shares of the e-commerce giant's stock, valued at approximately $1,596,000. Amazon.com now represents about 1.5% of Schuylkill Financial LLC's investment portfolio, making it the company's 16th largest holding.

Other large investors have also adjusted their positions in Amazon.com. TOP Private Wealth LLC acquired a new stake worth approximately $29,000, while Bard Associates Inc. and Longfellow Investment Management Co. LLC bought new positions worth $32,000 and $33,000, respectively. Lifetime Wealth Management P.C. bought a new position worth $45,000 during the fourth quarter, and Prudent Man Investment Management Inc. increased its stake by 87.7%, owning 229 shares valued at $53,000 after purchasing an additional 107 shares during the last quarter.

Institutional investors and hedge funds collectively own 72.20% of Amazon.com's stock. Several analysts have recently weighed in on the company's shares. Citizens Jmp restated a "market outperform" rating with a $315.00 price target, while KeyCorp raised its price target to $350.00 and gave the company an "overweight" rating. TD Cowen reaffirmed a "buy" rating with a $350.00 target price, and Mizuho set a $330.00 price target with an "outperform" rating. The consensus rating among 56 analysts is a "Moderate Buy" with a consensus price target of $321.63.

Amazon.com's stock opened at $251.52 on Monday, with a market cap of $2.71 trillion, a P/E ratio of 20.23, and a P/E/G ratio of 1.95. The company reported $5.75 earnings per share for the quarter, beating the consensus estimate of $1.82 by $3.93. Revenue for the quarter was $200.61 billion, up 19.6% compared to the same quarter last year.