Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by CNB Bank

CNB Bank lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.7% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 42,295 shares of the e-commerce giant’s stock after selling 1,612 shares during the quarter. Amazon.com comprises about 4.1% of CNB Bank’s portfolio, making the stock its 4th largest holding. CNB Bank’s holdings in Amazon.com were worth $8,047,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cable Hill Partners LLC raised its stake in Amazon.com by 0.5% in the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock valued at $2,104,000 after acquiring an additional 44 shares during the period. Northern Capital Management Inc. increased its position in shares of Amazon.com by 0.6% in the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock worth $1,613,000 after purchasing an additional 45 shares during the last quarter. White Wing Wealth Management raised its stake in Amazon.com by 2.4% in the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock valued at $433,000 after purchasing an additional 47 shares in the last quarter. Balanced Wealth Group LLC raised its stake in Amazon.com by 1.6% in the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant’s stock valued at $705,000 after purchasing an additional 48 shares in the last quarter. Finally, ETF Store Inc. raised its stake in Amazon.com by 2.1% in the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant’s stock valued at $522,000 after purchasing an additional 48 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity

In other Amazon.com news, insider Jeffrey P. Bezos sold 733,195 shares of the firm’s stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $227.02, for a total transaction of $166,449,928.90. Following the transaction, the insider directly owned 894,546,706 shares of the company’s stock, valued at approximately $203,079,993,196.12. This trade represents a 0.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total transaction of $550,150.00. Following the transaction, the chief executive officer directly owned 514,550 shares in the company, valued at $113,231,873. The trade was a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,335,232 shares of company stock worth $3,210,622,570. 9.70% of the stock is owned by company insiders.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $226.13 on Friday. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The business’s fifty day simple moving average is $213.50 and its 200-day simple moving average is $208.59. The firm has a market cap of $2.40 trillion, a PE ratio of 36.83, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 EPS. Equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AMZN shares. Benchmark reissued a “buy” rating and set a $260.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Piper Sandler set a $250.00 price target on Amazon.com and gave the stock an “overweight” rating in a research note on Friday, July 11th. Raymond James Financial reaffirmed an “outperform” rating and issued a $195.00 price target (down previously from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Wall Street Zen lowered Amazon.com from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Finally, BNP Paribas Exane upgraded shares of Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 target price on the stock in a report on Friday, June 27th. Three analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $250.35.

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.