Citizens Business Bank sells 1,966 shares of Amazon.com, Inc. (NASDAQ:AMZN)

According to the latest 13F filing with the Securities and Exchange Commission (SEC), Citizens Business Bank reduced its holdings in Amazon.com, Inc. shares. (NASDAQ:AMZN – Free Report) up 4.1% in the fourth quarter . The fund owned 46,410 shares of the e-commerce giant after selling shares in the 1966 quarter. Amazon.com represents about 1.6% of Citizens Business Bank, making it the 16th largest stock. Citizens Business Bank’s stake in Amazon.com was worth $7,052,000, according to its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Freedom Day Solutions LLC increased its holdings in Amazon.com by 3.7% in the third quarter. Freedom Day Solutions LLC now owns 26,144 shares of the e-commerce giant’s stock valued at $3,323,000 after purchasing an additional 942 shares during the period. Baystate Wealth Management LLC increased its position on Amazon.com by 12.3% in the third quarter. Baystate Wealth Management LLC now owns 14,193 shares of the e-commerce giant’s stock worth $1,804,000 after purchasing an additional 1,557 shares in the last quarter. In the third quarter, Cambridge Trust Co. increased its shares in Amazon.com by 7.8%. Cambridge Trust Co. now owns 361,388 shares of the e-commerce giant’s stock valued at $45,940,000 after purchasing an additional 26,009 shares during the period. North Point Portfolio Managers Corp OH increased its holdings in shares of Amazon.com by 1.1% during the third quarter. North Point Portfolio Managers Corp OH now owns 102,749 shares of the e-commerce giant’s stock valued at $13,061,000 after purchasing an additional 1,135 shares during the period. Finally, Zenyatta Capital Management LP bought a new stake in shares of Amazon.com during the 3rd quarter worth $6,992,000. 72.20% of the shares are in the hands of institutional investors.

Wall Street analysts predict growth

Many analysts have published reports on AMZN stock. Citigroup raised their target price on Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. TD Cowen increased their price target on shares of Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Benchmark maintained a “buy” rating on shares of Amazon.com and set a $200.00 price target for shares of Amazon.com in a research report on Wednesday, May 1st. The Goldman Sachs Group raised their target price on Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, Roth Mkm maintained a “buy” rating on the stock and set a price target for shares of Amazon.com at $210.00 (up from $205.00). One analyst has rated the company with a hold rating, forty-four analysts have given the company a buy rating and one has given the company a strong buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $211.62.

Get our latest stock analysis on Amazon.com

Amazon.com Stock Decreases 0.0%

On Thursday, Amazon.com shares closed at $183.13. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt to equity ratio of 0.27. Amazon.com, Inc. it has a 1-year low of $113.78 and a 1-year high of $191.70. The company has a 50-day simple moving average of $181.87 and a 200-day simple moving average of $165.67. The company has a market capitalization of $1.91 trillion, a P/E ratio of 51.30, a price-to-earnings ratio of 1.33 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported EPS of $0.98 for the quarter, $0.15 above the analyst consensus of $0.83. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s quarterly revenues increased by 12.5% ​​year-on-year. During the same period last year, the company saw an EPS of $0.31. Analysts predict that Amazon.com, Inc. will report 4.67 earnings per share for the current fiscal year.

Insider buying and selling on Amazon.com

In other news, Director Jonathan Rubinstein sold 5,264 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $190.00, for a total transaction amount of $1,000,160.00. Following the sale, the director now owns 104,400 shares of the company’s stock, valued at approximately $19,836,000. The sale was disclosed in a document filed with the SEC, which is available on the SEC’s website. In related news, Director Jonathan Rubinstein sold 5,264 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of USD 190.00, for a total transaction amount of USD 1,000,160.00. Following the transaction, the director now directly owns 104,400 shares of the company’s stock valued at $19,836,000. The sale was disclosed in a filing with the SEC, available at this link. Additionally, Keith Brian Alexander, director, sold 1,000 shares of the company’s stock on Monday, May 6th. The shares were sold at an average price of $186.22, for a total transaction amount of $186,220.00. Following the completion of the sale, the director now owns 4,760 shares of the company’s stock, valued at approximately $886,407.20. The announcement of this sale can be found here. Over the last ninety days, insiders have sold a total of 70,320 shares of company stock worth $12,722,720. Currently, 10.80% of the shares are owned by corporate insiders.

Amazon.com company profile

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. The company operates in three segments: North America, International and Amazon Web Services (AWS). It also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink and eero; and develops and produces media content.

Featured Stories

Get daily news and ratings for Amazon.com – Enter your email address below to receive a daily concise summary of the latest news and analyst ratings for Amazon.com and related companies with MarketBeat.com’s FREE daily email newsletter.