Peoples Bank OH Has $1.55 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Peoples Bank OH cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,127 shares of the e-commerce giant’s stock after selling 246 shares during the period. Amazon.com makes up 1.0% of Peoples Bank OH’s holdings, making the stock its 24th biggest holding. Peoples Bank OH’s holdings in Amazon.com were worth $1,546,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Brighton Jones LLC increased its position in shares of Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after acquiring an additional 397,007 shares in the last quarter. Revolve Wealth Partners LLC grew its position in Amazon.com by 4.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock worth $5,495,000 after purchasing an additional 986 shares in the last quarter. Bank Pictet & Cie Europe AG grew its position in Amazon.com by 2.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock worth $442,481,000 after purchasing an additional 54,987 shares in the last quarter. Highview Capital Management LLC DE grew its position in Amazon.com by 5.5% in the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock worth $6,357,000 after purchasing an additional 1,518 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC bought a new stake in Amazon.com in the 4th quarter worth about $2,153,000. 72.20% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the sale, the insider directly owned 883,779,901 shares of the company’s stock, valued at approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $217.00, for a total transaction of $542,500.00. Following the transaction, the chief executive officer directly owned 512,050 shares of the company’s stock, valued at approximately $111,114,850. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,102,037 shares of company stock valued at $5,674,937,048. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group upped their price objective on shares of Amazon.com from $255.00 to $265.00 in a research report on Wednesday, July 16th. Roth Capital set a $250.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Scotiabank upped their price objective on shares of Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 22nd. Bank of America upped their price objective on shares of Amazon.com from $265.00 to $272.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Finally, Wall Street Zen upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a research note on Saturday. One research analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com has a consensus rating of “Buy” and an average price target of $262.45.

Amazon.com Trading Up 1.0%

NASDAQ:AMZN opened at $213.75 on Wednesday. The company has a 50-day moving average price of $218.57 and a 200-day moving average price of $208.96. Amazon.com, Inc. has a 12 month low of $158.54 and a 12 month high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock has a market cap of $2.28 trillion, a price-to-earnings ratio of 32.58, a P/E/G ratio of 1.45 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. During the same period last year, the company posted $1.26 EPS. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

About Amazon.com

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.