Peoples Bank OH Sells 457 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on Apr 29th, 2023

Peoples Bank OH reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,217 shares of the e-commerce giant’s stock after selling 457 shares during the period. Peoples Bank OH’s holdings in Amazon.com were worth $774,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Fiduciary Planning LLC increased its stake in shares of Amazon.com by 1.5% in the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after acquiring an additional 5 shares during the period. HBC Financial Services PLLC increased its stake in shares of Amazon.com by 0.8% in the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after acquiring an additional 5 shares during the period. Meridian Investment Counsel Inc. increased its stake in shares of Amazon.com by 3.4% in the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after acquiring an additional 5 shares during the period. Alterna Wealth Management Inc. increased its stake in shares of Amazon.com by 1.8% in the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after acquiring an additional 5 shares during the period. Finally, Archetype Wealth Partners increased its stake in shares of Amazon.com by 3.7% in the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after acquiring an additional 6 shares during the period. 57.64% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

Shares of AMZN stock opened at $105.45 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.72. The firm’s 50-day moving average is $99.02 and its two-hundred day moving average is $97.44. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $146.57. The company has a market capitalization of $1.08 trillion, a PE ratio of -393.46, a price-to-earnings-growth ratio of 4.24 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The company had revenue of $127.36 billion for the quarter, compared to the consensus estimate of $124.57 billion. During the same period in the previous year, the firm earned $0.21 earnings per share. Amazon.com’s quarterly revenue was up 9.4% compared to the same quarter last year. Analysts predict that Amazon.com, Inc. will post 1.37 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AMZN. Cowen increased their price objective on shares of Amazon.com from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. Telsey Advisory Group restated an “outperform” rating and set a $125.00 price target on shares of Amazon.com in a research report on Thursday, April 20th. New Street Research initiated coverage on shares of Amazon.com in a research report on Wednesday, January 4th. They set a “buy” rating and a $130.00 price target on the stock. Barclays dropped their price target on shares of Amazon.com from $150.00 to $140.00 in a research report on Friday. Finally, MKM Partners dropped their price target on shares of Amazon.com from $145.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, January 18th. Three investment analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $144.82.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the sale, the chief executive officer now directly owns 124,180 shares in the company, valued at $13,837,377.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Amazon.com news, CEO Andrew R. Jassy sold 23,874 shares of Amazon.com 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 sale, the chief executive officer now directly owns 1,964,506 shares in the company, valued at $194,780,769.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the sale, the chief executive officer now owns 124,180 shares of the company’s stock, valued at $13,837,377.40. The disclosure for this sale can be found here. Insiders sold a total of 78,713 shares of company stock worth $7,739,103 over the last three months. Insiders own 12.30% of the company’s stock.

About Amazon.com

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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.