Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Peoples Bank OH

Peoples Bank OH trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 24.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,373 shares of the e-commerce giant’s stock after selling 2,648 shares during the quarter. Amazon.com accounts for 1.1% of Peoples Bank OH’s holdings, making the stock its 24th largest holding. Peoples Bank OH’s holdings in Amazon.com were worth $1,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of AMZN. WP Advisors LLC lifted its holdings in Amazon.com by 2.2% during the 4th quarter. WP Advisors LLC now owns 20,192 shares of the e-commerce giant’s stock worth $4,430,000 after buying an additional 442 shares during the last quarter. Cordatus Wealth Management LLC purchased a new stake in shares of Amazon.com in the 4th quarter valued at about $6,508,000. Centricity Wealth Management LLC acquired a new position in Amazon.com in the 4th quarter valued at about $1,394,000. Waterfront Wealth Inc. increased its position in Amazon.com by 4.9% in the 4th quarter. Waterfront Wealth Inc. now owns 15,534 shares of the e-commerce giant’s stock valued at $3,408,000 after acquiring an additional 731 shares during the period. Finally, Suncoast Equity Management increased its position in Amazon.com by 11.9% in the 4th quarter. Suncoast Equity Management now owns 3,539 shares of the e-commerce giant’s stock valued at $776,000 after acquiring an additional 375 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Up 0.6 %

Shares of Amazon.com stock opened at $196.21 on Friday. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The firm has a market cap of $2.08 trillion, a PE ratio of 35.48, a P/E/G ratio of 1.50 and a beta of 1.19. The business’s fifty day moving average is $218.90 and its two-hundred day moving average is $208.19. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on AMZN shares. Cantor Fitzgerald restated an “overweight” rating and issued a $270.00 price target on shares of Amazon.com in a research report on Friday, February 7th. DA Davidson boosted their price target on Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. boosted their target price on Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Maxim Group boosted their target price on Amazon.com from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Wedbush reiterated an “outperform” rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $260.65.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 19,212 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the sale, the senior vice president now directly owns 49,950 shares in the company, valued at approximately $10,864,125. This represents a 27.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 5,501 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total value of $1,256,648.44. Following the sale, the chief executive officer now owns 505,318 shares of the company’s stock, valued at $115,434,843.92. This represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 102,298 shares of company stock valued at $22,871,828. 10.80% of the stock is currently owned by company insiders.

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.