Peoples Financial Services CORP. Increases Holdings in Amazon.com, Inc. (AMZN)

Peoples Financial Services CORP. raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.8% in the second quarter, Holdings Channel reports. The institutional investor owned 1,045 shares of the e-commerce giant’s stock after acquiring an additional 135 shares during the period. 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.

A number of other hedge funds have also made changes to their positions in the business. Hollencrest Capital Management increased its holdings in Amazon.com by 0.5% during the second quarter. Hollencrest Capital Management now owns 9,138 shares of the e-commerce giant’s stock valued at $15,533,000 after buying an additional 48 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Amazon.com by 12.9% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 8,726 shares of the e-commerce giant’s stock valued at $14,833,000 after buying an additional 1,000 shares during the last quarter. Trust Co. of Toledo NA OH increased its holdings in Amazon.com by 5.1% during the second quarter. Trust Co. of Toledo NA OH now owns 1,871 shares of the e-commerce giant’s stock valued at $3,180,000 after buying an additional 90 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV purchased a new stake in Amazon.com during the second quarter valued at approximately $231,000. Finally, Nadler Financial Group Inc. increased its holdings in Amazon.com by 8.4% during the second quarter. Nadler Financial Group Inc. now owns 1,458 shares of the e-commerce giant’s stock valued at $2,478,000 after buying an additional 113 shares during the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.

In other Amazon.com news, SVP David Zapolsky sold 1,927 shares of the stock in a transaction 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 completion of the transaction, the senior vice president now owns 3,161 shares in the company, valued at $6,005,773.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas O. Ryder sold 5,000 shares of the stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $1,783.81, for a total transaction of $8,919,050.00. Following the transaction, the director now owns 10,752 shares of the company’s stock, valued at approximately $19,179,525.12. The disclosure for this sale can be found here. Insiders have sold 25,308 shares of company stock valued at $47,905,498 in the last quarter. 16.30% of the stock is owned by company insiders.

AMZN stock opened at $1,970.19 on Friday. Amazon.com, Inc. has a 52 week low of $931.75 and a 52 week high of $2,050.50. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 0.78. The firm has a market cap of $970.60 billion, a price-to-earnings ratio of 180.58, a price-to-earnings-growth ratio of 4.15 and a beta of 1.60.

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

A number of brokerages have recently issued reports on AMZN. Nomura reissued a “buy” rating on shares of Amazon.com in a research note on Friday, July 27th. Canaccord Genuity increased their price objective on shares of Amazon.com from $2,000.00 to $2,100.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. Morgan Stanley reissued a “buy” rating on shares of Amazon.com in a research note on Wednesday, July 11th. Macquarie reissued a “buy” rating on shares of Amazon.com in a research note on Friday, July 27th. Finally, Barclays reissued a “buy” rating and issued a $1,870.00 price objective on shares of Amazon.com in a research note on Friday, July 27th. One research analyst has rated the stock with a hold rating and fifty-one have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $1,976.73.

Amazon.com 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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