Citizens Business Bank Trims Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Citizens Business Bank trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,776 shares of the e-commerce giant’s stock after selling 1,737 shares during the period. Citizens Business Bank’s holdings in Amazon.com were worth $2,585,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Amazon.com by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock valued at $79,275,249,000 after acquiring an additional 12,456,995 shares during the last quarter. State Street Corp increased its stake in shares of Amazon.com by 1.0% during the 3rd quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock valued at $37,272,937,000 after acquiring an additional 3,121,516 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Amazon.com by 1,838.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after acquiring an additional 295,880,050 shares during the last quarter. FMR LLC increased its stake in shares of Amazon.com by 1,792.4% during the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after acquiring an additional 270,931,640 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Amazon.com by 1,867.0% during the 2nd quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock valued at $10,089,669,000 after acquiring an additional 90,167,792 shares during the last quarter. 57.64% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Shares of AMZN opened at $116.25 on Monday. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $146.57. The company has a market cap of $1.19 trillion, a price-to-earnings ratio of 276.79, a price-to-earnings-growth ratio of 4.11 and a beta of 1.26. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.69 and a current ratio of 0.92. The firm has a fifty day moving average of $103.63 and a 200-day moving average of $97.07.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The business had revenue of $127.36 billion for the quarter, compared to analysts’ expectations of $124.57 billion. During the same period in the previous year, the business earned $0.21 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. As a group, equities analysts anticipate that Amazon.com, Inc. will post 1.57 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $101.67, for a total transaction of $50,835.00. Following the sale, the chief executive officer now directly owns 137,300 shares in the company, valued at $13,959,291. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Brian T. Olsavsky sold 16,760 shares of Amazon.com stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $95.25, for a total transaction of $1,596,390.00. Following the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at $4,667,250. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Wednesday, April 5th. The stock was sold at an average price of $101.67, for a total transaction of $50,835.00. Following the completion of the sale, the chief executive officer now owns 137,300 shares in the company, valued at $13,959,291. The disclosure for this sale can be found here. Insiders have sold a total of 61,019 shares of company stock worth $6,053,511 over the last ninety days. 12.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Cowen increased their target price on shares of Amazon.com from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. Truist Financial lifted their price objective on shares of Amazon.com from $142.00 to $144.00 in a research note on Wednesday, April 12th. Wolfe Research lifted their price objective on shares of Amazon.com from $130.00 to $140.00 in a research note on Friday, April 28th. Barclays dropped their price objective on shares of Amazon.com from $150.00 to $140.00 in a research note on Friday, April 28th. Finally, Bank of America lifted their price objective on shares of Amazon.com from $135.00 to $139.00 in a research note on Friday, April 28th. Three investment analysts have rated the stock with a hold rating and forty-one have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $143.12.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.