Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Peoples Financial Services CORP.

Peoples Financial Services CORP. cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.8% in the 3rd quarter, Holdings Channel reports. The firm owned 34,602 shares of the e-commerce giant’s stock after selling 2,507 shares during the quarter. Amazon.com comprises approximately 2.9% of Peoples Financial Services CORP.’s holdings, making the stock its 6th biggest position. Peoples Financial Services CORP.’s holdings in Amazon.com were worth $6,447,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AMZN. PayPay Securities Corp lifted its stake in Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after buying an additional 64 shares in the last quarter. Hoese & Co LLP acquired a new position in Amazon.com in the 3rd quarter worth about $37,000. Christopher J. Hasenberg Inc grew its position in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after acquiring an additional 260 shares in the last quarter. Koesten Hirschmann & Crabtree INC. acquired a new position in Amazon.com during the first quarter worth $69,000. Finally, Innealta Capital LLC acquired a new stake in shares of Amazon.com in the second quarter worth $77,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares in the company, valued at $8,820,000. The trade was a 22.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the transaction, the insider now owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,053,349 shares of company stock worth $1,256,503,289. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 1.2 %

NASDAQ:AMZN opened at $211.48 on Friday. The company’s 50-day simple moving average is $189.87 and its 200-day simple moving average is $185.36. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a fifty-two week low of $139.52 and a fifty-two week high of $215.90. The stock has a market capitalization of $2.22 trillion, a P/E ratio of 45.28, a P/E/G ratio of 1.40 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the prior year, the company earned $0.85 EPS. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. On average, equities analysts anticipate that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AMZN shares. Susquehanna raised their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Wells Fargo & Company lowered shares of Amazon.com from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $225.00 to $183.00 in a report on Monday, October 7th. BMO Capital Markets reissued an “outperform” rating and set a $236.00 price target (up from $230.00) on shares of Amazon.com in a research note on Friday, November 1st. Robert W. Baird boosted their price objective on Amazon.com from $213.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, UBS Group lifted their price objective on Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Two investment analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $235.45.

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.