Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by CNB Bank
CNB Bank raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 50.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 784 shares of the e-commerce giant’s stock after acquiring an additional 264 shares during the period. Amazon.com makes up approximately 1.3% of CNB Bank’s holdings, making the stock its 15th biggest holding. CNB Bank’s holdings in Amazon.com were worth $1,361,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Enterprise Trust & Investment Co acquired a new stake in shares of Amazon.com during the second quarter worth $27,000. Phocas Financial Corp. acquired a new stake in shares of Amazon.com during the second quarter worth $4,545,000. Litman Gregory Asset Management LLC acquired a new stake in shares of Amazon.com during the second quarter worth $53,000. Clear Investment Research LLC lifted its stake in shares of Amazon.com by 27.6% during the second quarter. Clear Investment Research LLC now owns 37 shares of the e-commerce giant’s stock worth $70,000 after buying an additional 8 shares during the period. Finally, Financial Advantage Inc. lifted its stake in shares of Amazon.com by 26.7% during the third quarter. Financial Advantage Inc. now owns 38 shares of the e-commerce giant’s stock worth $65,000 after buying an additional 8 shares during the period. Institutional investors own 55.60% of the company’s stock.
AMZN opened at $1,785.88 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.84 and a current ratio of 1.10. The stock has a market capitalization of $893.28 billion, a price-to-earnings ratio of 88.67, a PEG ratio of 3.20 and a beta of 1.56. The company has a fifty day moving average of $1,759.09 and a two-hundred day moving average of $1,840.01. Amazon.com, Inc. has a fifty-two week low of $1,307.00 and a fifty-two week high of $2,035.80.
In other news, CEO Jeffrey A. Wilke sold 3,475 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $1,773.99, for a total value of $6,164,615.25. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $17,739,900. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $1,847.51, for a total transaction of $5,173,028.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $18,475,100. The disclosure for this sale can be found here. Insiders sold a total of 22,747 shares of company stock worth $40,737,808 over the last quarter. 16.10% of the stock is currently owned by company insiders.
Several equities research analysts have recently commented on AMZN shares. Royal Bank of Canada lowered their price objective on shares of Amazon.com to $2,500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. DZ Bank restated a “buy” rating on shares of Amazon.com in a research report on Friday, October 25th. BMO Capital Markets decreased their target price on shares of Amazon.com from $2,280.00 to $2,000.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. ValuEngine upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. Finally, Cowen set a $2,400.00 target price on shares of Amazon.com and gave the company a “buy” rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and forty-two have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $2,189.97.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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