Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Park National Corp OH

Park National Corp OH trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 171,906 shares of the e-commerce giant’s stock after selling 9,499 shares during the quarter. Amazon.com accounts for approximately 1.4% of Park National Corp OH’s portfolio, making the stock its 18th largest holding. Park National Corp OH’s holdings in Amazon.com were worth $37,714,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Helios Capital Management PTE. Ltd. increased its stake in shares of Amazon.com by 15.1% during the 2nd quarter. Helios Capital Management PTE. Ltd. now owns 40,500 shares of the e-commerce giant’s stock worth $7,827,000 after purchasing an additional 5,300 shares in the last quarter. FAS Wealth Partners Inc. grew its holdings in Amazon.com by 2.5% during the 2nd quarter. FAS Wealth Partners Inc. now owns 64,381 shares of the e-commerce giant’s stock valued at $12,442,000 after buying an additional 1,592 shares during the last quarter. Blue Chip Partners LLC increased its position in Amazon.com by 7.2% during the second quarter. Blue Chip Partners LLC now owns 116,953 shares of the e-commerce giant’s stock worth $22,601,000 after buying an additional 7,858 shares in the last quarter. Coerente Capital Management increased its position in Amazon.com by 1.3% during the second quarter. Coerente Capital Management now owns 128,617 shares of the e-commerce giant’s stock worth $24,855,000 after buying an additional 1,643 shares in the last quarter. Finally, AM Investment Strategies LLC raised its holdings in shares of Amazon.com by 1.0% in the second quarter. AM Investment Strategies LLC now owns 279,500 shares of the e-commerce giant’s stock worth $54,013,000 after acquiring an additional 2,749 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 15,260 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the transaction, the chief executive officer now owns 349,261 shares in the company, valued at approximately $69,918,559.59. This represents a 4.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares in the company, valued at $20,273,459.55. The trade was a 4.70 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Performance

Shares of AMZN stock opened at $225.94 on Tuesday. The stock has a market capitalization of $2.38 trillion, a price-to-earnings ratio of 48.38, a PEG ratio of 1.22 and a beta of 1.14. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $233.00. The company’s 50-day simple moving average is $217.91 and its 200-day simple moving average is $196.27. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the previous year, the business earned $0.85 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. Equities analysts anticipate that Amazon.com, Inc. will post 5.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Loop Capital lifted their price objective on Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Benchmark lifted their price target on shares of Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, November 1st. JMP Securities reissued a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a research report on Friday, January 10th. Needham & Company LLC restated a “buy” rating and set a $250.00 target price on shares of Amazon.com in a research report on Tuesday, December 10th. Finally, TD Cowen boosted their price target on Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Two investment 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $245.65.

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.