Amazon.com, Inc. (NASDAQ:AMZN) Stake Lowered by Peoples Financial Services CORP.

Peoples Financial Services CORP. lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,602 shares of the e-commerce giant’s stock after selling 2,507 shares during the quarter. Amazon.com makes up approximately 2.9% of Peoples Financial Services CORP.’s portfolio, making the stock its 6th largest holding. Peoples Financial Services CORP.’s holdings in Amazon.com were worth $6,447,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Sunpointe LLC lifted its holdings in shares of Amazon.com by 2.0% during the third quarter. Sunpointe LLC now owns 21,267 shares of the e-commerce giant’s stock worth $3,963,000 after buying an additional 415 shares during the last quarter. Stage Harbor Financial LLC lifted its holdings in shares of Amazon.com by 2.9% during the 3rd quarter. Stage Harbor Financial LLC now owns 3,564 shares of the e-commerce giant’s stock worth $673,000 after acquiring an additional 102 shares during the period. Destiny Wealth Partners LLC boosted its holdings in Amazon.com by 2.5% during the third quarter. Destiny Wealth Partners LLC now owns 116,939 shares of the e-commerce giant’s stock valued at $21,789,000 after purchasing an additional 2,848 shares in the last quarter. Stableford Capital II LLC grew its stake in shares of Amazon.com by 6.3% in the 3rd quarter. Stableford Capital II LLC now owns 50,130 shares of the e-commerce giant’s stock valued at $9,466,000 after purchasing an additional 2,962 shares during the period. Finally, Safeguard Financial LLC boosted its stake in shares of Amazon.com by 2.9% in the 3rd quarter. Safeguard Financial LLC now owns 12,040 shares of the e-commerce giant’s stock valued at $2,243,000 after purchasing an additional 342 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. This trade represents a 3.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $206.75, for a total value of $619,497,843.50. Following the completion of the transaction, the insider now directly owns 914,420,614 shares of the company’s stock, valued at approximately $189,056,461,944.50. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,053,349 shares of company stock worth $1,256,503,289. 10.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Needham & Company LLC increased their price objective on shares of Amazon.com from $210.00 to $250.00 and gave the company a “buy” rating in a report on Thursday. The Goldman Sachs Group upped their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. Telsey Advisory Group lifted their target price on Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Stifel Nicolaus lifted their target price on Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Robert W. Baird upped their price target on shares of Amazon.com from $213.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $235.45.

Amazon.com Stock Performance

NASDAQ AMZN opened at $211.48 on Friday. Amazon.com, Inc. has a twelve month low of $139.52 and a twelve month high of $215.90. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average of $189.87 and a 200 day moving average of $185.36. The stock has a market capitalization of $2.22 trillion, a price-to-earnings ratio of 45.28, a PEG ratio of 1.40 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the previous year, the company earned $0.85 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. Sell-side analysts anticipate that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

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.