Peoples Bank OH Reduces Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on Mar 10th, 2023

Peoples Bank OH lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,674 shares of the e-commerce giant’s stock after selling 146 shares during the period. Amazon.com makes up approximately 0.7% of Peoples Bank OH’s investment portfolio, making the stock its 29th biggest position. Peoples Bank OH’s holdings in Amazon.com were worth $1,093,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in Amazon.com by 1,869.1% in the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after purchasing an additional 310,134,486 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after purchasing an additional 295,880,050 shares during the last quarter. FMR LLC lifted its stake in Amazon.com by 1,792.4% in the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after purchasing an additional 270,931,640 shares during the last quarter. Northern Trust Corp lifted its stake in Amazon.com by 1,867.0% in the second quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock worth $10,089,669,000 after purchasing an additional 90,167,792 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in Amazon.com by 1,944.4% in the second quarter. Legal & General Group Plc now owns 59,977,393 shares of the e-commerce giant’s stock worth $6,370,223,000 after purchasing an additional 57,043,701 shares during the last quarter. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $102.90, for a total value of $411,600.00. Following the completion of the transaction, the chief executive officer now owns 529,435 shares in the company, valued at $54,478,861.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Andrew R. Jassy sold 23,874 shares of the company’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $99.15, for a total transaction of $2,367,107.10. Following the completion of the transaction, the chief executive officer now owns 1,964,506 shares in the company, valued at approximately $194,780,769.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $102.90, for a total transaction of $411,600.00. Following the transaction, the chief executive officer now owns 529,435 shares of the company’s stock, valued at approximately $54,478,861.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 71,394 shares of company stock worth $6,994,626. Company insiders own 12.70% of the company’s stock.

Amazon.com Trading Down 1.8 %

Shares of Amazon.com stock opened at $92.25 on Friday. The firm has a 50-day simple moving average of $95.71 and a two-hundred day simple moving average of $103.29. The company has a market cap of $945.31 billion, a P/E ratio of -341.67, a price-to-earnings-growth ratio of 3.86 and a beta of 1.25. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $170.83. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 0.94.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The firm had revenue of $149.20 billion during the quarter, compared to analyst estimates of $145.72 billion. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company posted $1.39 EPS. As a group, equities analysts predict that Amazon.com, Inc. will post 1.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMZN has been the subject of several research analyst reports. The Goldman Sachs Group decreased their price target on shares of Amazon.com from $165.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, January 13th. Robert W. Baird lifted their price target on shares of Amazon.com from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Telsey Advisory Group decreased their price target on shares of Amazon.com from $140.00 to $125.00 and set an “outperform” rating for the company in a research note on Tuesday, January 24th. Piper Sandler lifted their price target on shares of Amazon.com from $119.00 to $123.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. Finally, Evercore ISI lifted their price target on shares of Amazon.com from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $144.87.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.