Amazon.com, Inc. (AMZN) Shares Bought by Peoples Financial Services CORP.

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Peoples Financial Services CORP. lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,045 shares of the e-commerce giant’s stock after buying an additional 135 shares during the quarter. Peoples Financial Services CORP.’s holdings in Amazon.com were worth $1,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Private Trust Co. NA boosted its stake in Amazon.com by 0.7% during the second quarter. Private Trust Co. NA now owns 4,504 shares of the e-commerce giant’s stock worth $7,655,000 after acquiring an additional 31 shares in the last quarter. Palladium Partners LLC boosted its stake in Amazon.com by 6.9% during the first quarter. Palladium Partners LLC now owns 493 shares of the e-commerce giant’s stock worth $714,000 after acquiring an additional 32 shares in the last quarter. Cim Investment Mangement Inc. boosted its stake in Amazon.com by 2.1% during the first quarter. Cim Investment Mangement Inc. now owns 1,608 shares of the e-commerce giant’s stock worth $2,327,000 after acquiring an additional 33 shares in the last quarter. Newman Dignan & Sheerar Inc. boosted its stake in Amazon.com by 13.3% during the second quarter. Newman Dignan & Sheerar Inc. now owns 282 shares of the e-commerce giant’s stock worth $479,000 after acquiring an additional 33 shares in the last quarter. Finally, American Economic Planning Group Inc. ADV boosted its stake in Amazon.com by 5.0% during the first quarter. American Economic Planning Group Inc. ADV now owns 720 shares of the e-commerce giant’s stock worth $1,042,000 after acquiring an additional 34 shares in the last quarter. Institutional investors own 57.41% of the company’s stock.

In related news, CEO Andrew R. Jassy sold 1,726 shares of the stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $1,900.00, for a total transaction of $3,279,400.00. Following the transaction, the chief executive officer now owns 88,801 shares in the company, valued at $168,721,900. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 1,927 shares of the stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $1,899.96, for a total transaction of $3,661,222.92. Following the transaction, the senior vice president now owns 3,161 shares in the company, valued at approximately $6,005,773.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,308 shares of company stock worth $47,905,498. 16.30% of the stock is owned by insiders.

AMZN has been the topic of several research reports. Royal Bank of Canada reissued a “$1,842.92” rating on shares of Amazon.com in a research note on Wednesday, July 18th. Macquarie reissued a “buy” rating on shares of Amazon.com in a research note on Monday, June 11th. Morgan Stanley set a $1,700.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a research note on Saturday, June 9th. BidaskClub lowered shares of Amazon.com from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 8th. Finally, SunTrust Banks reissued a “buy” rating and set a $2,000.00 price objective (up previously from $1,900.00) on shares of Amazon.com in a research note on Monday, June 4th. One analyst has rated the stock with a hold rating and fifty-one have assigned a buy rating to the company. Amazon.com currently has an average rating of “Buy” and a consensus price target of $1,976.73.

Shares of Amazon.com stock opened at $1,970.19 on Friday. The company has a market cap of $970.60 billion, a P/E ratio of 180.58, a P/E/G ratio of 4.15 and a beta of 1.60. Amazon.com, Inc. has a twelve month low of $931.75 and a twelve month high of $2,050.50. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.78 and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.49 by $2.58. The company had revenue of $52.89 billion for the quarter, compared to the consensus estimate of $53.37 billion. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. The firm’s revenue for the quarter was up 39.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.40 earnings per share. research analysts anticipate that Amazon.com, Inc. will post 17.77 earnings per share for the current fiscal year.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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

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