Amazon.com, Inc. (NASDAQ:AMZN) is City Holding Co.’s 7th Largest Position

City Holding Co. raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 91,629 shares of the e-commerce giant’s stock after acquiring an additional 1,757 shares during the period. Amazon.com makes up 2.4% of City Holding Co.’s portfolio, making the stock its 7th biggest position. City Holding Co.’s holdings in Amazon.com were worth $17,073,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. PayPay Securities Corp boosted its position in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after buying an additional 64 shares during the period. Christopher J. Hasenberg Inc boosted its position in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. purchased a new stake in shares of Amazon.com in the first quarter worth about $69,000. Innealta Capital LLC acquired a new position in shares of Amazon.com in the second quarter worth about $77,000. Finally, Abich Financial Wealth Management LLC lifted its stake in shares of Amazon.com by 84.7% in the second quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant’s stock worth $84,000 after acquiring an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on AMZN. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price target on shares of Amazon.com in a research note on Friday. Scotiabank boosted their price target on Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a research note on Friday. JMP Securities boosted their price target on Amazon.com from $265.00 to $285.00 and gave the stock a “market outperform” rating in a research note on Friday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $230.00 price target on shares of Amazon.com in a research note on Monday, October 7th. Finally, UBS Group upped their price objective on Amazon.com from $220.00 to $223.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Two analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $246.48.

Amazon.com Stock Performance

Amazon.com stock opened at $195.78 on Tuesday. The stock has a 50-day simple moving average of $185.23 and a 200 day simple moving average of $183.89. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 12-month low of $138.36 and a 12-month high of $201.20. The stock has a market capitalization of $2.05 trillion, a price-to-earnings ratio of 41.92, a P/E/G ratio of 1.42 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 23.46% and a net margin of 8.04%. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same period in the previous year, the company earned $0.85 EPS. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, research analysts anticipate that Amazon.com, Inc. will post 4.84 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In related news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares of the company’s stock, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,855 shares of company stock worth $9,215,048 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

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.