First Citizens Bank & Trust Co. Sells 5,715 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

First Citizens Bank & Trust Co. lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.9% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 193,547 shares of the e-commerce giant's stock after selling 5,715 shares during the period. Amazon.com makes up 0.6% of First Citizens Bank & Trust Co.'s investment portfolio, making the stock its 19th biggest holding. First Citizens Bank & Trust Co.'s holdings in Amazon.com were worth $36,064,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in AMZN. Chronos Wealth Management LLC raised its position in Amazon.com by 2.6% in the third quarter. Chronos Wealth Management LLC now owns 55,424 shares of the e-commerce giant's stock worth $10,327,000 after purchasing an additional 1,382 shares in the last quarter. Capital Investment Advisors LLC raised its position in Amazon.com by 8.4% in the third quarter. Capital Investment Advisors LLC now owns 218,823 shares of the e-commerce giant's stock worth $40,773,000 after purchasing an additional 16,960 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. raised its position in Amazon.com by 5.5% in the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 301,777 shares of the e-commerce giant's stock worth $56,230,000 after purchasing an additional 15,717 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Amazon.com by 71.8% during the third quarter. Blue Trust Inc. now owns 85,713 shares of the e-commerce giant's stock worth $16,564,000 after buying an additional 35,824 shares in the last quarter. Finally, Meridian Financial Partners LLC acquired a new stake in shares of Amazon.com during the third quarter worth approximately $3,500,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The trade was a 1.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David Zapolsky sold 9,490 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.88, for a total transaction of $1,716,551.20. Following the completion of the sale, the senior vice president now owns 64,610 shares in the company, valued at $11,686,656.80. The trade was a 12.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,054,586 shares of company stock worth $1,256,749,526. Insiders own 10.80% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on AMZN shares. TD Cowen raised their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Rosenblatt Securities increased their price target on shares of Amazon.com from $221.00 to $236.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Wells Fargo & Company cut shares of Amazon.com from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $225.00 to $183.00 in a research note on Monday, October 7th. Benchmark increased their price target on shares of Amazon.com from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Finally, DA Davidson reissued a "buy" rating and set a $235.00 price target on shares of Amazon.com in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $235.45.

Amazon.com Stock Up 1.4 %

AMZN stock traded up $2.91 during midday trading on Tuesday, hitting $204.61. The company's stock had a trading volume of 30,921,727 shares, compared to its average volume of 41,560,453. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a twelve month low of $141.50 and a twelve month high of $215.90. The company's fifty day moving average price is $192.19 and its 200 day moving average price is $186.06. The stock has a market capitalization of $2.15 trillion, a P/E ratio of 43.81, a PEG ratio of 1.36 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period in the previous year, the business earned $0.85 EPS. The company's revenue was up 11.0% compared to the same quarter last year. As a group, equities research analysts predict that Amazon.com, Inc. will post 5.27 EPS for the current year.

About Amazon.com

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.