Peoples Financial Services CORP. Cuts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Peoples Financial Services CORP. cut its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,602 shares of the e-commerce giant's stock after selling 2,507 shares during the quarter. Amazon.com comprises approximately 2.9% of Peoples Financial Services CORP.'s investment portfolio, making the stock its 6th biggest position. Peoples Financial Services CORP.'s holdings in Amazon.com were worth $6,447,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AMZN. Zhang Financial LLC increased its holdings in Amazon.com by 12.9% in the 3rd quarter. Zhang Financial LLC now owns 51,091 shares of the e-commerce giant's stock valued at $9,520,000 after purchasing an additional 5,828 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Amazon.com by 0.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant's stock worth $550,217,000 after buying an additional 14,766 shares in the last quarter. GAMMA Investing LLC grew its holdings in Amazon.com by 19.2% during the 3rd quarter. GAMMA Investing LLC now owns 119,205 shares of the e-commerce giant's stock worth $22,211,000 after acquiring an additional 19,231 shares in the last quarter. Stonekeep Investments LLC purchased a new stake in shares of Amazon.com during the 2nd quarter worth $2,588,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in Amazon.com by 164.1% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant's stock valued at $203,677,000 after buying an additional 654,908 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Activity

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. The trade was a 3.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares of the company's stock, valued at $371,759,651.18. The trade was a 1.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,053,349 shares of company stock valued at $1,256,503,289 in the last ninety days. Company insiders own 10.80% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AMZN. TD Cowen upped their price target on Amazon.com from $230.00 to $240.00 and gave the company a "buy" rating in a report on Friday, November 1st. Needham & Company LLC raised their target price on shares of Amazon.com from $210.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday. Susquehanna raised their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock a "positive" rating in a research report on Friday, November 1st. Wedbush raised their price target on Amazon.com from $225.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Finally, UBS Group upped their price objective on Amazon.com from $220.00 to $223.00 and gave the company a "buy" rating in a research note on Monday, October 28th. Two investment analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $235.45.

Amazon.com Trading Down 4.2 %

Amazon.com stock traded down $8.87 during trading on Friday, hitting $202.61. The company's stock had a trading volume of 86,420,706 shares, compared to its average volume of 41,630,348. The stock's fifty day moving average is $190.54 and its 200 day moving average is $185.54. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a 1-year low of $139.52 and a 1-year high of $215.90. The stock has a market capitalization of $2.13 trillion, a price-to-earnings ratio of 43.93, a P/E/G ratio of 1.44 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period in the prior year, the firm posted $0.85 EPS. The company's revenue was up 11.0% on a year-over-year basis. As a group, equities research analysts predict that Amazon.com, Inc. will post 5.27 EPS for the current year.

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.