Country Club Bank Lowers Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Country Club Bank lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 126,585 shares of the e-commerce giant’s stock after selling 356 shares during the quarter. Amazon.com accounts for approximately 1.6% of Country Club Bank’s investment portfolio, making the stock its 9th biggest position. Country Club Bank’s holdings in Amazon.com were worth $24,395,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AMZN. Brighton Jones LLC lifted its position in Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after purchasing an additional 397,007 shares during the period. Revolve Wealth Partners LLC raised its position in shares of Amazon.com by 4.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock valued at $5,495,000 after buying an additional 986 shares in the last quarter. Bank Pictet & Cie Europe AG raised its position in shares of Amazon.com by 2.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock valued at $442,481,000 after buying an additional 54,987 shares in the last quarter. Highview Capital Management LLC DE lifted its holdings in shares of Amazon.com by 5.5% during the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock worth $6,357,000 after acquiring an additional 1,518 shares during the period. Finally, Liberty Square Wealth Partners LLC bought a new stake in shares of Amazon.com during the 4th quarter worth approximately $2,153,000. Institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the sale, the insider owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold 25,102,037 shares of company stock valued at $5,674,937,048 over the last quarter. 9.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

AMZN has been the topic of a number of recent analyst reports. Morgan Stanley reissued an “overweight” rating on shares of Amazon.com in a research note on Monday, July 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $265.00 target price on shares of Amazon.com in a report on Friday, August 1st. Monness Crespi & Hardt lifted their price target on Amazon.com from $265.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, August 1st. UBS Group restated a “buy” rating and set a $271.00 price objective (up from $249.00) on shares of Amazon.com in a research report on Monday, July 28th. Finally, Telsey Advisory Group raised their price objective on Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. One research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $262.45.

Amazon.com Stock Performance

Shares of AMZN opened at $222.19 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The firm’s fifty day simple moving average is $218.92 and its two-hundred day simple moving average is $209.05. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The stock has a market capitalization of $2.37 trillion, a P/E ratio of 33.87, a price-to-earnings-growth ratio of 1.44 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The company had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the previous year, the business earned $1.26 EPS. The firm’s revenue was up 13.3% compared to the same quarter last year. As a group, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Amazon.com Company Profile

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.