Peoples Financial Services CORP. Has $3.94 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Peoples Financial Services CORP. raised its position in Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 1,992.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,107 shares of the e-commerce giant’s stock after buying an additional 35,334 shares during the period. Amazon.com accounts for about 1.9% of Peoples Financial Services CORP.’s investment portfolio, making the stock its 13th biggest position. Peoples Financial Services CORP.’s holdings in Amazon.com were worth $3,941,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gibson Wealth Advisors LLC acquired a new position in shares of Amazon.com during the fourth quarter worth approximately $33,000. MBM Wealth Consultants LLC lifted its position in shares of Amazon.com by 57.1% during the fourth quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock worth $37,000 after purchasing an additional 4 shares in the last quarter. Swaine & Leidel Wealth Services LLC acquired a new position in shares of Amazon.com during the first quarter worth approximately $38,000. William Allan LLC acquired a new position in shares of Amazon.com during the fourth quarter worth approximately $47,000. Finally, Cardinal Capital Management Inc. acquired a new position in shares of Amazon.com during the first quarter worth approximately $49,000. 57.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of research reports. Jefferies Financial Group reduced their target price on shares of Amazon.com from $163.00 to $150.00 in a research report on Wednesday, July 20th. Itaú Unibanco initiated coverage on shares of Amazon.com in a research note on Tuesday, July 26th. They set an “outperform” rating and a $146.00 price target for the company. Evercore ISI dropped their price target on shares of Amazon.com from $205.00 to $180.00 and set an “outperform” rating for the company in a research note on Friday, June 24th. The Goldman Sachs Group reissued a “buy” rating and set a $175.00 price target on shares of Amazon.com in a research note on Thursday, August 4th. Finally, UBS Group boosted their price target on shares of Amazon.com from $167.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Two analysts have rated the stock with a sell rating, two have given a hold rating and thirty-six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $176.61.

Amazon.com Stock Performance

Shares of AMZN opened at $123.53 on Friday. Amazon.com, Inc. has a 12 month low of $101.26 and a 12 month high of $188.11. The firm has a fifty day simple moving average of $129.52 and a 200 day simple moving average of $130.86. The stock has a market capitalization of $1.26 trillion, a price-to-earnings ratio of 110.74, a PEG ratio of 5.63 and a beta of 1.33. The company has a current ratio of 0.95, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.35). Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The business had revenue of $121.23 billion for the quarter, compared to analyst estimates of $119.16 billion. During the same quarter in the previous year, the company posted $0.76 EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. Research analysts forecast that Amazon.com, Inc. will post 0.99 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 520 shares of the stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total transaction of $66,263.60. Following the completion of the transaction, the chief executive officer now owns 115,680 shares in the company, valued at $14,741,102.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,480 shares of the stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $134.23, for a total value of $467,120.40. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at $16,078,069.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 520 shares of the stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total transaction of $66,263.60. Following the completion of the sale, the chief executive officer now owns 115,680 shares of the company’s stock, valued at approximately $14,741,102.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,628 shares of company stock worth $9,802,599. 12.70% of the stock is owned by insiders.

Amazon.com Profile

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

See Also

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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