Citizens & Northern Corp Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Citizens & Northern Corp increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,906 shares of the e-commerce giant's stock after buying an additional 1,216 shares during the period. Amazon.com comprises approximately 2.2% of Citizens & Northern Corp's holdings, making the stock its 11th largest holding. Citizens & Northern Corp's holdings in Amazon.com were worth $7,783,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Tallon Kerry Patrick purchased a new position in Amazon.com in the fourth quarter valued at about $800,000. Capital & Planning LLC grew its stake in Amazon.com by 72.1% in the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock valued at $856,000 after purchasing an additional 1,635 shares during the last quarter. LaFleur & Godfrey LLC boosted its holdings in Amazon.com by 1.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock worth $10,839,000 after acquiring an additional 860 shares in the last quarter. Brighton Jones LLC boosted its holdings in Amazon.com by 10.9% in the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after acquiring an additional 397,007 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in Amazon.com in the fourth quarter worth about $301,650,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Trading Up 1.4%

NASDAQ AMZN traded up $3.18 on Wednesday, reaching $222.54. 38,034,550 shares of the company were exchanged, compared to its average volume of 42,037,661. The business's fifty day moving average price is $207.80 and its 200 day moving average price is $208.58. The stock has a market capitalization of $2.36 trillion, a P/E ratio of 36.24, a price-to-earnings-growth ratio of 1.68 and a beta of 1.33. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period in the previous year, the firm earned $0.98 EPS. Amazon.com's revenue was up 8.6% on a year-over-year basis. Analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

AMZN has been the subject of several recent analyst reports. Evercore ISI lowered their price target on Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Stifel Nicolaus lowered their price target on Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Morgan Stanley lowered their price target on Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Cantor Fitzgerald raised their price target on Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. lifted their target price on Amazon.com from $225.00 to $240.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Three equities research analysts have rated the stock with a hold rating, forty-six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $246.41.

Insider Buying and Selling

In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total value of $3,577,867.50. Following the transaction, the chief financial officer owned 49,000 shares of the company's stock, valued at $9,876,930. This represents a 26.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the completion of the transaction, the chief executive officer directly owned 2,148,694 shares in the company, valued at $432,532,102.20. The trade was a 0.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,401,408 shares of company stock valued at $1,423,159,137 over the last three months. Company insiders own 10.80% of the company's stock.

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.