City State Bank Has $2.09 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

City State Bank increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,500 shares of the e-commerce giant’s stock after acquiring an additional 855 shares during the period. Amazon.com comprises 1.5% of City State Bank’s investment portfolio, making the stock its 12th biggest holding. City State Bank’s holdings in Amazon.com were worth $2,091,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Fiduciary Planning LLC increased its stake in Amazon.com by 1.5% in the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after acquiring an additional 5 shares during the last quarter. HBC Financial Services PLLC increased its stake in Amazon.com by 0.8% in the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after acquiring an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. increased its stake in Amazon.com by 3.4% in the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after acquiring an additional 5 shares during the last quarter. Alterna Wealth Management Inc. increased its stake in Amazon.com by 1.8% in the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after acquiring an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners increased its stake in Amazon.com by 3.7% in the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after acquiring an additional 6 shares during the last quarter. Institutional investors and hedge funds own 57.64% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $98.12 on Tuesday. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $170.83. The firm has a market cap of $1.00 trillion, a P/E ratio of 90.06, a PEG ratio of 3.09 and a beta of 1.22. The company has a 50 day moving average of $90.54 and a 200 day moving average of $110.68. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The firm had revenue of $127.10 billion during the quarter, compared to analysts’ expectations of $127.47 billion. During the same quarter in the previous year, the firm earned $0.31 earnings per share. Amazon.com’s revenue was up 14.7% on a year-over-year basis. As a group, research analysts expect that Amazon.com, Inc. will post 0.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of research analyst reports. Robert W. Baird decreased their price target on shares of Amazon.com from $150.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Deutsche Bank Aktiengesellschaft reduced their price objective on Amazon.com from $150.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Cowen increased their price objective on Amazon.com from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, December 1st. Citigroup reduced their price objective on Amazon.com from $185.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Finally, The Goldman Sachs Group reduced their price objective on Amazon.com from $165.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have assigned a buy rating to the stock. According to MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $146.29.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 7,456 shares of the business’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $94.00, for a total value of $700,864.00. Following the completion of the transaction, the chief executive officer now owns 533,435 shares of the company’s stock, valued at approximately $50,142,890. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 7,456 shares of the business’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $700,864.00. Following the completion of the sale, the chief executive officer now directly owns 533,435 shares in the company, valued at approximately $50,142,890. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $329,000.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $11,259,320. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,428 shares of company stock valued at $5,077,578. 12.70% of the stock is owned by insiders.

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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