Piscataqua Savings Bank Cuts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Piscataqua Savings Bank trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,299 shares of the e-commerce giant’s stock after selling 100 shares during the quarter. Amazon.com makes up 2.7% of Piscataqua Savings Bank’s holdings, making the stock its 8th largest position. Piscataqua Savings Bank’s holdings in Amazon.com were worth $3,137,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Rench Wealth Management Inc. boosted its position in shares of Amazon.com by 7.9% in the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock valued at $9,392,000 after acquiring an additional 3,703 shares during the period. Foundations Investment Advisors LLC boosted its holdings in Amazon.com by 9.7% in the 3rd quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock valued at $34,395,000 after purchasing an additional 16,392 shares during the period. Blankinship & Foster LLC grew its position in shares of Amazon.com by 216.4% during the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock worth $1,291,000 after purchasing an additional 4,740 shares in the last quarter. Umpqua Bank increased its holdings in shares of Amazon.com by 0.4% during the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock worth $6,544,000 after purchasing an additional 137 shares during the period. Finally, One Wealth Capital Management LLC bought a new stake in shares of Amazon.com in the fourth quarter valued at approximately $4,270,000. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 51,848 shares of company stock valued at $11,368,639. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $228.68 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a fifty day moving average of $228.21 and a 200-day moving average of $202.30. The firm has a market capitalization of $2.40 trillion, a P/E ratio of 41.35, a P/E/G ratio of 1.36 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.24 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. The Goldman Sachs Group raised their price objective on Amazon.com from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Redburn Atlantic upped their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Moffett Nathanson raised their target price on shares of Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $275.00 price target on shares of Amazon.com in a report on Friday, February 7th. Finally, Scotiabank lifted their price objective on shares of Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.74.

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.