Amazon.com, Inc. (NASDAQ:AMZN) is City Holding Co.’s 9th Largest Position

City Holding Co. raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 1,949.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 90,790 shares of the e-commerce giant’s stock after buying an additional 86,360 shares during the quarter. Amazon.com comprises about 1.8% of City Holding Co.’s investment portfolio, making the stock its 9th largest holding. City Holding Co.’s holdings in Amazon.com were worth $9,643,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of AMZN. Gibson Wealth Advisors LLC purchased a new position in shares of Amazon.com in the 4th quarter valued at approximately $33,000. MBM Wealth Consultants LLC raised its position in shares of Amazon.com by 57.1% in the 4th quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock valued at $37,000 after purchasing an additional 4 shares during the last quarter. Swaine & Leidel Wealth Services LLC purchased a new position in shares of Amazon.com in the 1st quarter valued at approximately $38,000. William Allan LLC purchased a new position in shares of Amazon.com in the 4th quarter valued at approximately $47,000. Finally, Cardinal Capital Management Inc. purchased a new position in shares of Amazon.com in the 1st quarter valued at approximately $49,000. 57.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. MKM Partners decreased their price objective on shares of Amazon.com from $180.00 to $165.00 in a research report on Monday, July 25th. Stifel Nicolaus decreased their price objective on shares of Amazon.com from $190.00 to $185.00 in a research report on Friday, July 15th. DA Davidson reissued a “buy” rating and set a $151.00 price target on shares of Amazon.com in a research report on Friday, August 5th. Citigroup raised their price target on shares of Amazon.com to $185.00 in a research report on Tuesday, August 9th. Finally, Redburn Partners started coverage on shares of Amazon.com in a research report on Wednesday, June 29th. They set a “buy” rating and a $270.00 price target for the company. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-six have given a buy rating to the stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $176.61.

Amazon.com Stock Up 0.9 %

NASDAQ AMZN opened at $124.66 on Tuesday. Amazon.com, Inc. has a 52 week low of $101.26 and a 52 week high of $188.11. The company has a quick ratio of 0.68, a current ratio of 0.95 and a debt-to-equity ratio of 0.44. The business’s fifty day simple moving average is $129.52 and its 200-day simple moving average is $130.59. The firm has a market cap of $1.27 trillion, a PE ratio of 111.75, a P/E/G ratio of 5.51 and a beta of 1.33.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.35). Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The company had revenue of $121.23 billion for the quarter, compared to analysts’ expectations of $119.16 billion. During the same quarter in the prior year, the firm earned $0.76 EPS. The firm’s revenue was up 7.2% on a year-over-year basis. As a group, equities analysts anticipate that Amazon.com, Inc. will post 0.99 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total transaction of $66,263.60. Following the transaction, the chief executive officer now owns 115,680 shares in the company, valued at approximately $14,741,102.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Andrew R. Jassy sold 23,620 shares of the business’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $142.29, for a total value of $3,360,889.80. Following the sale, the chief executive officer now directly owns 1,892,000 shares in the company, valued at approximately $269,212,680. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Adam Selipsky sold 520 shares of the business’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total transaction of $66,263.60. Following the completion of the sale, the chief executive officer now owns 115,680 shares in the company, valued at $14,741,102.40. The disclosure for this sale can be found here. Insiders have sold a total of 70,628 shares of company stock worth $9,802,599 in the last quarter. Company insiders own 12.70% of the company’s stock.

Amazon.com Profile

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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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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

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