Peoples Bank OH Cuts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Peoples Bank OH reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,742 shares of the e-commerce giant’s stock after selling 299 shares during the period. Amazon.com accounts for about 0.8% of Peoples Bank OH’s portfolio, making the stock its 27th largest holding. Peoples Bank OH’s holdings in Amazon.com were worth $1,328,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AMZN. PayPay Securities Corp boosted its holdings in shares of Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 86 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new position in Amazon.com in the third quarter valued at approximately $49,000. Bruce G. Allen Investments LLC acquired a new position in Amazon.com in the fourth quarter valued at approximately $57,000. Finally, AM Squared Ltd acquired a new position in Amazon.com in the third quarter valued at approximately $76,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the sale, the chief executive officer now owns 116,560 shares in the company, valued at $18,150,723.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the sale, the chief executive officer now owns 116,560 shares in the company, valued at $18,150,723.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,214,010 shares of company stock worth $5,505,889,146. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $176.59 on Thursday. Amazon.com, Inc. has a fifty-two week low of $101.15 and a fifty-two week high of $189.77. The company has a market capitalization of $1.83 trillion, a price-to-earnings ratio of 60.89, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The firm has a 50-day simple moving average of $177.71 and a 200-day simple moving average of $158.12. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. On average, equities research analysts anticipate that Amazon.com, Inc. will post 4.1 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Royal Bank of Canada upped their price objective on Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. TD Cowen upped their price objective on Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Piper Sandler boosted their target price on Amazon.com from $185.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Telsey Advisory Group reissued an “outperform” rating and issued a $200.00 target price on shares of Amazon.com in a research report on Wednesday, March 27th. Finally, JMP Securities reissued a “market outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research report on Wednesday. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $204.76.

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.