Amazon.com, Inc. (NASDAQ:AMZN) is City Holding Co.'s 8th Largest Position

City Holding Co. boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 84,021 shares of the e-commerce giant's stock after buying an additional 2,788 shares during the period. Amazon.com makes up approximately 2.3% of City Holding Co.'s portfolio, making the stock its 8th biggest position. City Holding Co.'s holdings in Amazon.com were worth $15,986,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Tallon Kerry Patrick purchased a new stake in shares of Amazon.com during the fourth quarter worth $800,000. Capital & Planning LLC grew its stake in Amazon.com by 72.1% during the 4th quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock worth $856,000 after purchasing an additional 1,635 shares in the last quarter. LaFleur & Godfrey LLC increased its holdings in Amazon.com by 1.8% during the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock worth $10,839,000 after purchasing an additional 860 shares during the period. Brighton Jones LLC boosted its stake in shares of Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after buying an additional 397,007 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new position in Amazon.com during the 4th quarter worth approximately $301,650,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on AMZN shares. The Goldman Sachs Group lowered their price objective on Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Oppenheimer upped their price target on Amazon.com from $215.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday. Bank of America lifted their price objective on Amazon.com from $230.00 to $248.00 and gave the company a "buy" rating in a report on Monday, June 2nd. Truist Financial lowered their target price on shares of Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Finally, Citigroup reiterated a "buy" rating on shares of Amazon.com in a research report on Monday, June 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $245.53.

Insider Buying and Selling at Amazon.com

In other news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the sale, the senior vice president now directly owns 47,030 shares of the company's stock, valued at approximately $9,519,342.30. This trade represents a 22.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $204.98, for a total value of $512,450.00. Following the completion of the transaction, the chief executive officer now directly owns 517,050 shares of the company's stock, valued at $105,984,909. This represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock worth $20,531,075 over the last ninety days. 10.80% of the stock is currently owned by insiders.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $208.47 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $2.21 trillion, a price-to-earnings ratio of 33.95, a price-to-earnings-growth ratio of 1.58 and a beta of 1.34. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The business has a 50 day simple moving average of $198.94 and a 200-day simple moving average of $209.04.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $0.98 earnings per share. As a group, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share 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.

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