Peoples Financial Services CORP. Trims Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Peoples Financial Services CORP. reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,046 shares of the e-commerce giant’s stock after selling 648 shares during the period. Amazon.com comprises 3.1% of Peoples Financial Services CORP.’s investment portfolio, making the stock its 5th largest holding. Peoples Financial Services CORP.’s holdings in Amazon.com were worth $6,478,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Stonebrook Private Inc. grew its position in shares of Amazon.com by 5.3% in the 1st quarter. Stonebrook Private Inc. now owns 41,723 shares of the e-commerce giant’s stock valued at $7,938,000 after buying an additional 2,097 shares during the last quarter. Adapt Wealth Advisors LLC grew its position in shares of Amazon.com by 1.3% in the 1st quarter. Adapt Wealth Advisors LLC now owns 5,897 shares of the e-commerce giant’s stock valued at $1,122,000 after buying an additional 78 shares during the last quarter. CFO4Life Group LLC grew its position in shares of Amazon.com by 2.4% in the 1st quarter. CFO4Life Group LLC now owns 59,479 shares of the e-commerce giant’s stock valued at $11,316,000 after buying an additional 1,402 shares during the last quarter. MainStreet Investment Advisors LLC grew its position in shares of Amazon.com by 0.3% in the 1st quarter. MainStreet Investment Advisors LLC now owns 59,403 shares of the e-commerce giant’s stock valued at $11,302,000 after buying an additional 172 shares during the last quarter. Finally, Significant Wealth Partners LLC grew its position in shares of Amazon.com by 27.7% in the 1st quarter. Significant Wealth Partners LLC now owns 7,103 shares of the e-commerce giant’s stock valued at $1,351,000 after buying an additional 1,542 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 25,102,037 shares of company stock valued at $5,674,937,048 over the last three months. 10.80% of the stock is owned by company insiders.

Amazon.com Price Performance

Amazon.com stock opened at $213.75 on Wednesday. Amazon.com, Inc. has a one year low of $158.54 and a one year high of $242.52. The business has a fifty day moving average price of $218.57 and a 200-day moving average price of $208.96. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The firm has a market capitalization of $2.28 trillion, a P/E ratio of 32.58, a PEG ratio of 1.45 and a beta of 1.31.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Piper Sandler upped their price target on Amazon.com from $250.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Rosenblatt Securities upped their price target on Amazon.com from $288.00 to $297.00 and gave the company a “buy” rating in a research report on Friday, August 1st. HSBC upped their price target on Amazon.com from $240.00 to $256.00 in a research report on Tuesday, July 22nd. BMO Capital Markets upped their price target on Amazon.com from $270.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Finally, Tigress Financial upped their target price on Amazon.com from $290.00 to $305.00 and gave the company a “buy” rating in a research report on Tuesday, May 6th. One equities research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Buy” and an average target price of $262.45.

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.