Amazon.com, Inc. (NASDAQ:AMZN) Position Reduced by City Holding Co.

City Holding Co. cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 11.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 81,233 shares of the e-commerce giant's stock after selling 10,396 shares during the quarter. Amazon.com comprises 2.5% of City Holding Co.'s holdings, making the stock its 6th largest position. City Holding Co.'s holdings in Amazon.com were worth $17,821,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp grew its stake in Amazon.com by 3.3% during the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock valued at $66,926,008,000 after purchasing an additional 11,370,309 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Amazon.com by 3.4% during the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock worth $37,116,341,000 after purchasing an additional 6,545,944 shares during the period. Legal & General Group Plc boosted its position in Amazon.com by 1.5% in the second quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant's stock valued at $13,466,933,000 after buying an additional 1,042,177 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Amazon.com by 3.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,833,954 shares of the e-commerce giant's stock worth $10,776,201,000 after buying an additional 1,984,592 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Amazon.com by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,308,094 shares of the e-commerce giant's stock valued at $10,678,217,000 after acquiring an additional 1,980,663 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AMZN. Raymond James raised their target price on shares of Amazon.com from $230.00 to $260.00 and gave the stock a "strong-buy" rating in a report on Tuesday, January 21st. Pivotal Research began coverage on Amazon.com in a report on Friday, October 11th. They issued a "buy" rating and a $260.00 price objective for the company. Deutsche Bank Aktiengesellschaft raised their target price on Amazon.com from $225.00 to $232.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Jefferies Financial Group lifted their price objective on shares of Amazon.com from $235.00 to $275.00 and gave the company a "buy" rating in a report on Monday, December 16th. Finally, Redburn Atlantic increased their target price on Amazon.com from $225.00 to $235.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $252.56.

Insider Transactions at Amazon.com

In other news, CEO Matthew S. Garman sold 15,260 shares of the business's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the transaction, the chief executive officer now directly owns 349,261 shares in the company, valued at $69,918,559.59. The trade was a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares of the company's stock, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,027,340 shares of company stock valued at $1,252,456,773. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Down 2.6 %

AMZN traded down $6.41 during trading hours on Wednesday, hitting $235.65. 15,512,500 shares of the company's stock were exchanged, compared to its average volume of 31,871,828. The firm has a market cap of $2.48 trillion, a P/E ratio of 50.43, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average of $225.24 and a 200 day moving average of $199.78.

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.