11,977 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Purchased by Peoples Bank KS

Peoples Bank KS acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 11,977 shares of the e-commerce giant’s stock, valued at approximately $1,522,000. Amazon.com comprises approximately 1.3% of Peoples Bank KS’s portfolio, making the stock its 26th biggest holding.

A number of other institutional investors have also bought and sold shares of the business. Leonard Rickey Investment Advisors P.L.L.C. increased its position in Amazon.com by 2.5% during the second quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 11,645 shares of the e-commerce giant’s stock worth $1,518,000 after purchasing an additional 288 shares during the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Amazon.com during the 2nd quarter worth approximately $123,733,000. King Wealth raised its position in shares of Amazon.com by 4.6% during the 2nd quarter. King Wealth now owns 29,352 shares of the e-commerce giant’s stock valued at $3,826,000 after buying an additional 1,296 shares during the period. Meitav Investment House Ltd. lifted its holdings in Amazon.com by 3.3% in the second quarter. Meitav Investment House Ltd. now owns 636,652 shares of the e-commerce giant’s stock valued at $81,543,000 after acquiring an additional 20,574 shares during the last quarter. Finally, Ascension Asset Management LLC purchased a new position in Amazon.com in the second quarter worth approximately $2,001,000. 57.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Andrew R. Jassy sold 21,933 shares of Amazon.com stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $142.66, for a total value of $3,128,961.78. Following the transaction, the chief executive officer now directly owns 2,064,055 shares of the company’s stock, valued at approximately $294,458,086.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, CEO Andrew R. Jassy sold 21,933 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $142.66, for a total transaction of $3,128,961.78. Following the transaction, the chief executive officer now directly owns 2,064,055 shares of the company’s stock, valued at approximately $294,458,086.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $139.00, for a total transaction of $69,500.00. Following the completion of the sale, the chief executive officer now directly owns 103,020 shares of the company’s stock, valued at $14,319,780. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,829 shares of company stock valued at $9,413,273. 12.70% of the stock is currently owned by company insiders.

Amazon.com Trading Up 1.3 %

NASDAQ:AMZN opened at $161.26 on Tuesday. The company has a market capitalization of $1.67 trillion, a PE ratio of 83.55, a P/E/G ratio of 1.52 and a beta of 1.16. Amazon.com, Inc. has a 52-week low of $88.12 and a 52-week high of $161.29. The stock’s 50 day moving average price is $150.79 and its 200 day moving average price is $140.07. The company has a quick ratio of 0.74, a current ratio of 0.98 and a debt-to-equity ratio of 0.33.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research analyst reports. HSBC began coverage on Amazon.com in a research report on Thursday, November 2nd. They issued a “buy” rating and a $160.00 target price on the stock. BMO Capital Markets initiated coverage on shares of Amazon.com in a report on Tuesday, January 9th. They issued an “outperform” rating and a $200.00 price objective on the stock. Truist Financial reaffirmed a “buy” rating and set a $176.00 target price on shares of Amazon.com in a research note on Wednesday, November 29th. Raymond James reissued a “strong-buy” rating and issued a $185.00 price target on shares of Amazon.com in a research note on Wednesday, December 20th. Finally, Needham & Company LLC increased their price objective on shares of Amazon.com from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, December 22nd. One equities research analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $176.56.

Get Our Latest Stock Analysis on Amazon.com

About Amazon.com

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

Further Reading

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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