Park National Corp OH Sells 1,777 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Park National Corp OH lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 181,405 shares of the e-commerce giant’s stock after selling 1,777 shares during the quarter. Amazon.com comprises 1.2% of Park National Corp OH’s investment portfolio, making the stock its 25th largest position. Park National Corp OH’s holdings in Amazon.com were worth $33,801,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. IMPACTfolio LLC grew its stake in Amazon.com by 8.5% in the 3rd quarter. IMPACTfolio LLC now owns 1,280 shares of the e-commerce giant’s stock worth $239,000 after buying an additional 100 shares in the last quarter. Global Wealth Strategies & Associates grew its position in Amazon.com by 16.2% in the third quarter. Global Wealth Strategies & Associates now owns 4,109 shares of the e-commerce giant’s stock worth $766,000 after acquiring an additional 573 shares in the last quarter. Neville Rodie & Shaw Inc. increased its stake in Amazon.com by 5.3% in the third quarter. Neville Rodie & Shaw Inc. now owns 108,085 shares of the e-commerce giant’s stock valued at $20,140,000 after acquiring an additional 5,475 shares during the last quarter. Mattson Financial Services LLC purchased a new stake in Amazon.com during the second quarter valued at about $8,209,000. Finally, Ashburton Jersey Ltd bought a new stake in Amazon.com during the second quarter worth about $16,517,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 1.0 %

Amazon.com stock opened at $192.73 on Thursday. Amazon.com, Inc. has a 12 month low of $131.71 and a 12 month high of $201.20. The company has a market capitalization of $2.02 trillion, a price-to-earnings ratio of 46.11, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The business’s fifty day simple moving average is $184.20 and its two-hundred day simple moving average is $183.64. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The company had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. As a group, equities analysts predict that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on AMZN. Wedbush reiterated an “outperform” rating and set a $225.00 price objective on shares of Amazon.com in a research report on Friday, August 2nd. Itau BBA Securities cut shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price target on the stock. in a research report on Friday, August 2nd. DA Davidson restated a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a report on Thursday, October 10th. Barclays increased their target price on shares of Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, The Goldman Sachs Group lowered their price target on shares of Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Two 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 stock. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average target price of $236.76.

View Our Latest Stock Analysis on Amazon.com

Insider Transactions at Amazon.com

In related news, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,820,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,855 shares of company stock worth $9,215,048. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Company Profile

(Free Report)

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.

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

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