Citizens Business Bank sells 1,326 shares of Amazon.com, Inc. (NASDAQ:AMZN)

Citizens Business Bank reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 2.9% in the 1st quarter, according to its latest 13F filing with the Securities and Exchange Commission (SEC). The institutional investor held 45,084 shares of the e-commerce giant after selling 1,326 shares during the period. Amazon.com accounts for about 1.7% of Citizens Business Bank’s stake, making it the 13th largest stock. Citizens Business Bank’s stake in Amazon.com was worth $8,132,000, according to its latest SEC filing.

Several other hedge funds also recently modified their holdings in the stock. Vanguard Group Inc. increased its holdings in Amazon.com by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock worth $117,158,872,000 after purchasing an additional 13,134,632 shares during the period. Norges Bank bought a new position in Amazon.com in the fourth quarter worth approximately $17,700,551,000. Jennison Associates LLC increased its holdings in Amazon.com by 2.5% in the fourth quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock worth $8,565,017,000 after purchasing an additional 1,389,503 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Amazon.com by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant’s stock worth $7,888,870,000 after purchasing an additional 1,525,922 shares during the period. Finally, Fisher Asset Management LLC increased its position in Amazon.com by 2.1% in the fourth quarter. Fisher Asset Management LLC now owns 42,241,587 shares of the e-commerce giant’s stock worth $6,418,187,000 after purchasing an additional 888,369 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Buying and selling confidential information

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 18. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the transaction, the CEO now owns 130,600 shares of the company’s stock, valued at $23,688,228. The transaction was disclosed in a document filed with the SEC, which is available at this link . In other news, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction dated Monday, May 6. The shares were sold at an average price of $186.22, for a total value of $186,220.00. Following the transaction, the Director now owns 4,760 shares of the company’s stock, valued at $886,407.20. The sale was disclosed in a document filed with the Securities and Exchange Commission, which is available on the SEC’s website . Additionally, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 18. The shares were sold at an average price of $181.38, for a total transaction value of $90,690.00. Following the transaction, the CEO now owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. Disclosure of this sale can be found here. Insiders have sold a total of 1,532,985 shares of the company’s stock valued at $305,578,679 over the last 90 days. Insiders own 10.80% of the stock.

Analysts set new price targets

AMZN has been the subject of several research reports. UBS Group raised their price objective for shares of Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1. Argus raised their price objective for shares of Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, May 2. JMP Securities reaffirmed a “market outperform” rating and set a $225.00 price objective for shares of Amazon.com in a research report on Wednesday, May 1. Morgan Stanley raised their price objective for shares of Amazon.com from $215.00 to $220.00 and gave the stock a “overweight” rating in a research report on Wednesday, May 1. Finally, Stifel Nicolaus raised their price target on shares of Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1. One equities research analyst rated the stock a “hold,” forty-three gave a “buy” rating, and one gave the stock a “strong buy” rating. According to MarketBeat.com, the company currently has an average rating of “buy” and a consensus price target of $215.86.

Read our latest stock report on AMZN

Amazon.com Stock Performance

Amazon.com stock opened at $200.00 on Monday. The company has a current ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The lowest value of Amazon.com, Inc. stock in the last twelve months was $118.35, and the highest was $200.55. The stock has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 56.02, a P/E/G ratio of 1.43, and a beta of 1.15. The company’s 50 day moving average is $185.99 and its 200 day moving average is $174.94.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter a year ago, the company reported earnings per share of $0.31. Amazon.com’s revenue for the quarter increased 12.5% ​​year-over-year. Sell-side analysts are forecasting that Amazon.com, Inc. will post 4.72 EPS for the current year.

Amazon.com Company Profile

(Free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. 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 multimedia content.

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