9,560 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Bought by City National Bank of Florida MSD

City National Bank of Florida MSD bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,560 shares of the e-commerce giant's stock, valued at approximately $2,097,000. Amazon.com makes up approximately 1.9% of City National Bank of Florida MSD's investment portfolio, making the stock its 7th largest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Amazon.com during the 4th quarter valued at $27,266,582,000. Capital World Investors boosted its position in Amazon.com by 36.8% in the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after buying an additional 17,681,004 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the last quarter. Proficio Capital Partners LLC raised its stake in shares of Amazon.com by 17,054.5% during the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock valued at $2,652,116,000 after buying an additional 12,018,120 shares during the last quarter. Finally, Capital International Investors lifted its holdings in Amazon.com by 26.5% in the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock valued at $12,564,961,000 after acquiring an additional 12,000,745 shares during the period. Institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

AMZN has been the topic of a number of analyst reports. Citigroup restated an "outperform" rating on shares of Amazon.com in a research report on Friday, May 2nd. JMP Securities restated a "market outperform" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Scotiabank reduced their target price on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a research note on Monday, April 21st. Tigress Financial raised their price objective on Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. raised their price target on Amazon.com from $225.00 to $240.00 and gave the stock an "overweight" rating in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $244.89.

Amazon.com Stock Performance

AMZN stock traded up $1.70 during midday trading on Thursday, hitting $208.93. The stock had a trading volume of 39,558,452 shares, compared to its average volume of 41,987,644. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2.22 trillion, a price-to-earnings ratio of 37.75, a P/E/G ratio of 1.50 and a beta of 1.33. The stock has a 50-day simple moving average of $191.06 and a 200 day simple moving average of $208.60.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 earnings per share. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity

In related news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $204.98, for a total value of $512,450.00. Following the completion of the sale, the chief executive officer now directly owns 517,050 shares in the company, valued at $105,984,909. This trade represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the sale, the director now directly owns 5,465 shares of the company's stock, valued at $1,151,366.20. This represents a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,037 shares of company stock valued at $20,531,075. Company insiders own 9.70% 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.