Park National Corp OH Has $34.25 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Park National Corp OH grew its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 180,013 shares of the e-commerce giant's stock after buying an additional 8,107 shares during the period. Amazon.com makes up approximately 1.3% of Park National Corp OH's holdings, making the stock its 20th biggest position. Park National Corp OH's holdings in Amazon.com were worth $34,249,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Tallon Kerry Patrick bought a new position in Amazon.com in the 4th quarter worth approximately $800,000. Capital & Planning LLC boosted its position in shares of Amazon.com by 72.1% in the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock valued at $856,000 after acquiring an additional 1,635 shares during the period. LaFleur & Godfrey LLC grew its stake in shares of Amazon.com by 1.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock worth $10,839,000 after acquiring an additional 860 shares during the last quarter. Independent Wealth Network Inc. raised its stake in Amazon.com by 11.3% during the 4th quarter. Independent Wealth Network Inc. now owns 13,465 shares of the e-commerce giant's stock valued at $2,954,000 after purchasing an additional 1,364 shares during the last quarter. Finally, Wendell David Associates Inc. boosted its holdings in Amazon.com by 0.5% in the 4th quarter. Wendell David Associates Inc. now owns 41,349 shares of the e-commerce giant's stock valued at $9,072,000 after purchasing an additional 215 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $190.67, for a total value of $476,675.00. Following the sale, the chief executive officer now owns 506,974 shares of the company's stock, valued at $96,664,732.58. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,000,233.60. Following the completion of the sale, the chief executive officer now owns 2,148,694 shares in the company, valued at approximately $432,532,102.20. This trade represents a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 102,037 shares of company stock worth $20,531,075. 9.70% of the stock is owned by company insiders.

Amazon.com Trading Up 0.3%

Shares of AMZN stock traded up $0.63 on Tuesday, hitting $217.61. The stock had a trading volume of 31,226,326 shares, compared to its average volume of 45,016,777. The firm has a market cap of $2.31 trillion, a P/E ratio of 39.35, a PEG ratio of 1.50 and a beta of 1.33. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average price of $192.26 and a two-hundred day moving average price of $208.96.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same period in the previous year, the firm earned $0.98 earnings per share. The company's revenue was up 8.6% on a year-over-year basis. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMZN has been the topic of several research reports. UBS Group restated a "buy" rating on shares of Amazon.com in a report on Tuesday, May 6th. Morgan Stanley decreased their target price on Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Piper Sandler reaffirmed an "overweight" rating and issued a $212.00 price target (down previously from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Royal Bank of Canada decreased their price objective on Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, Benchmark restated a "buy" rating and issued a $260.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $244.89.

Amazon.com Profile

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.