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

Citizens Business Bank trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,012 shares of the e-commerce giant’s stock after selling 643 shares during the quarter. Amazon.com makes up approximately 1.8% of Citizens Business Bank’s holdings, making the stock its 14th largest position. Citizens Business Bank’s holdings in Amazon.com were worth $9,436,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Regent Peak Wealth Advisors LLC lifted its position in Amazon.com by 0.7% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant’s stock worth $9,906,000 after purchasing an additional 318 shares during the period. RMR Wealth Builders increased its stake in Amazon.com by 2.5% in the 4th quarter. RMR Wealth Builders now owns 70,423 shares of the e-commerce giant’s stock valued at $15,450,000 after buying an additional 1,690 shares during the period. Johnson & White Wealth Management LLC raised its stake in shares of Amazon.com by 3.1% during the 4th quarter. Johnson & White Wealth Management LLC now owns 8,864 shares of the e-commerce giant’s stock worth $1,952,000 after purchasing an additional 268 shares in the last quarter. Shira Ridge Wealth Management lifted its stake in shares of Amazon.com by 8.1% in the 4th quarter. Shira Ridge Wealth Management now owns 3,836 shares of the e-commerce giant’s stock valued at $842,000 after purchasing an additional 286 shares during the last quarter. Finally, Ayrshire Capital Management LLC lifted its holdings in Amazon.com by 3.7% in the 4th quarter. Ayrshire Capital Management LLC now owns 44,282 shares of the e-commerce giant’s stock worth $9,715,000 after purchasing an additional 1,576 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $200.99 on Monday. The firm’s fifty day moving average price is $190.05 and its two-hundred day moving average price is $208.80. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The firm has a market capitalization of $2.13 trillion, a P/E ratio of 36.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 EPS. As a group, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the transaction, the director now owns 5,465 shares in the company, valued at $1,151,366.20. This trade represents a 15.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the transaction, the chief executive officer now directly owns 509,474 shares of the company’s stock, valued at approximately $95,776,017.26. This trade represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold 99,537 shares of company stock worth $20,018,625 over the last three months. Insiders own 9.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Raymond James restated an “outperform” rating and issued a $195.00 price objective (down previously from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Scotiabank reduced their price objective on Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating on the stock in a report on Monday, April 21st. Canaccord Genuity Group reiterated a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. JPMorgan Chase & Co. increased their target price on Amazon.com from $220.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Finally, Benchmark reiterated a “buy” rating and issued a $260.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.09.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.