Amazon.com, Inc. $AMZN Shares Sold by Peoples Bank KS

Peoples Bank KS decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 19.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,072 shares of the e-commerce giant’s stock after selling 2,240 shares during the period. Amazon.com accounts for 2.0% of Peoples Bank KS’s investment portfolio, making the stock its 12th largest holding. Peoples Bank KS’s holdings in Amazon.com were worth $1,992,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of AMZN. Carderock Capital Management Inc. acquired a new stake in shares of Amazon.com during the second quarter worth about $27,000. Maryland Capital Advisors Inc. grew its stake in Amazon.com by 81.9% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 95 shares during the last quarter. Ryan Investment Management Inc. acquired a new position in Amazon.com during the second quarter worth approximately $48,000. Cooksen Wealth LLC lifted its stake in Amazon.com by 23.5% in the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock valued at $54,000 after buying an additional 47 shares during the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Amazon.com in the first quarter valued at approximately $59,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Up 0.3%

Shares of Amazon.com stock opened at $227.35 on Monday. The firm has a market cap of $2.43 trillion, a price-to-earnings ratio of 32.11, a price-to-earnings-growth ratio of 1.56 and a beta of 1.37. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $258.60. The company’s 50-day simple moving average is $229.52 and its 200-day simple moving average is $225.65. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The firm had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. During the same quarter last year, the firm earned $1.43 earnings per share. The firm’s revenue was up 13.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Amazon.com News Summary

Here are the key news stories impacting Amazon.com this week:

Insiders Place Their Bets

In related news, CEO Matthew S. Garman sold 17,768 shares of Amazon.com stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $216.90, for a total value of $3,853,879.20. Following the sale, the chief executive officer directly owned 6,273 shares in the company, valued at $1,360,613.70. The trade was a 73.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Keith Brian Alexander sold 900 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $233.00, for a total value of $209,700.00. Following the completion of the transaction, the director owned 7,170 shares of the company’s stock, valued at $1,670,610. The trade was a 11.15% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 82,234 shares of company stock worth $19,076,767. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AMZN. Evercore ISI lifted their target price on shares of Amazon.com from $280.00 to $335.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Royal Bank Of Canada reiterated a “buy” rating and set a $300.00 price target on shares of Amazon.com in a research note on Tuesday, December 2nd. Stifel Nicolaus lifted their price objective on shares of Amazon.com from $269.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Maxim Group upped their target price on shares of Amazon.com from $272.00 to $280.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, CICC Research increased their target price on shares of Amazon.com from $240.00 to $280.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $295.50.

Get Our Latest Report on AMZN

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

See Also

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

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