Citizens & Northern Corp Raises Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Citizens & Northern Corp lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 10.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,690 shares of the e-commerce giant’s stock after buying an additional 3,691 shares during the period. Amazon.com makes up 2.4% of Citizens & Northern Corp’s investment portfolio, making the stock its 12th largest holding. Citizens & Northern Corp’s holdings in Amazon.com were worth $8,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Accordant Advisory Group Inc grew its position in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after acquiring an additional 100 shares during the last quarter. Icon Wealth Advisors LLC raised its position in Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after purchasing an additional 25,581 shares during the last quarter. Bull Oak Capital LLC acquired a new stake in Amazon.com during the 3rd quarter worth $45,000. Quattro Financial Advisors LLC grew its position in Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after purchasing an additional 45 shares during the last quarter. Finally, Values First Advisors Inc. acquired a new position in Amazon.com in the third quarter valued at $56,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the transaction, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. This represents a 0.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,298 shares of company stock valued at $22,871,828 in the last quarter. 10.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AMZN shares. Citigroup reiterated a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Robert W. Baird boosted their target price on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Loop Capital increased their price target on Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Telsey Advisory Group reiterated an “outperform” rating and issued a $275.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Finally, Scotiabank upped their price objective on shares of Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $260.65.

Amazon.com Trading Down 1.1 %

Shares of AMZN stock opened at $195.74 on Tuesday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 35.40, a PEG ratio of 1.50 and a beta of 1.19. The firm has a 50-day moving average price of $221.02 and a 200 day moving average price of $207.92. 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 posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Amazon.com 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.