First Citizens Bank & Trust Co. Purchases 14,657 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

First Citizens Bank & Trust Co. raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 199,262 shares of the e-commerce giant’s stock after acquiring an additional 14,657 shares during the quarter. Amazon.com makes up approximately 0.6% of First Citizens Bank & Trust Co.’s holdings, making the stock its 19th largest position. First Citizens Bank & Trust Co.’s holdings in Amazon.com were worth $38,507,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Collective Family Office LLC boosted its position in shares of Amazon.com by 9.7% in the 1st quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after purchasing an additional 819 shares in the last quarter. Phillips Wealth Planners LLC boosted its position in shares of Amazon.com by 9.2% in the 1st quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock worth $487,000 after purchasing an additional 224 shares in the last quarter. Bayesian Capital Management LP bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $5,926,000. Clearstead Trust LLC boosted its position in shares of Amazon.com by 25.8% in the 4th quarter. Clearstead Trust LLC now owns 65,539 shares of the e-commerce giant’s stock worth $9,958,000 after purchasing an additional 13,454 shares in the last quarter. Finally, Summa Corp. bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $1,506,000. 72.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,104,317 shares of company stock worth $1,220,621,322. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of analyst reports. Roth Mkm boosted their price target on Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Tigress Financial boosted their price target on Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. TD Securities upped their price objective on Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Wolfe Research assumed coverage on Amazon.com in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 price objective on the stock. Finally, Needham & Company LLC upped their price objective on Amazon.com from $205.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. One analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $222.49.

Amazon.com Trading Down 3.7 %

Shares of AMZN stock opened at $171.39 on Friday. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The firm has a market capitalization of $1.78 trillion, a PE ratio of 48.01, a PEG ratio of 1.34 and a beta of 1.14. The stock has a fifty day simple moving average of $181.10 and a two-hundred day simple moving average of $181.29.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The business had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. On average, analysts predict that Amazon.com, Inc. will post 4.86 EPS for the current fiscal 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.