Citizens Business Bank Buys 7,153 Shares of Amazon.com, Inc. $AMZN

Key Points

• Citizens Business Bank raised its stake in Amazon by 16.5%, buying 7,153 shares to hold 50,600 shares worth $11.11 million, making AMZN 1.9% of the bank's portfolio and its 10th-largest holding.
• Analysts give Amazon a consensus rating of Moderate Buy with an average price target of $286.93, though individual opinions range from Hold to Strong Buy.
• Recent catalysts are mixed: positives include OpenAI shifting to AWS Tranium chips and strong demand for Amazon’s jumbo bond sale, while negatives include AI-related site outages, drone attacks on AWS data centers and concerns that the $37–$42B bond issuance could raise leverage and pressure near-term free cash flow.

Citizens Business Bank lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 16.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,600 shares of the e-commerce giant's stock after purchasing an additional 7,153 shares during the quarter. Amazon.com comprises 1.9% of Citizens Business Bank's investment portfolio, making the stock its 10th biggest holding. Citizens Business Bank's holdings in Amazon.com were worth $11,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in AMZN. Greenwood Gearhart Inc. increased its position in Amazon.com by 0.8% in the 3rd quarter. Greenwood Gearhart Inc. now owns 118,750 shares of the e-commerce giant's stock valued at $26,074,000 after buying an additional 931 shares in the last quarter. Iyo Bank Ltd. boosted its holdings in Amazon.com by 106.6% in the third quarter. Iyo Bank Ltd. now owns 48,359 shares of the e-commerce giant's stock worth $10,618,000 after acquiring an additional 24,956 shares in the last quarter. Headwater Capital Co Ltd acquired a new stake in Amazon.com in the third quarter valued at approximately $21,957,000. AlphaCore Capital LLC grew its stake in Amazon.com by 16.5% in the third quarter. AlphaCore Capital LLC now owns 108,580 shares of the e-commerce giant's stock valued at $23,841,000 after acquiring an additional 15,407 shares during the period. Finally, Bonfire Financial increased its holdings in shares of Amazon.com by 127.1% during the third quarter. Bonfire Financial now owns 2,394 shares of the e-commerce giant's stock valued at $526,000 after acquiring an additional 1,340 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AMZN. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Amazon.com in a research report on Friday, February 6th. DA Davidson restated a "neutral" rating and set a $175.00 price target (down from $300.00) on shares of Amazon.com in a research note on Friday, February 6th. JPMorgan Chase & Co. restated a "buy" rating on shares of Amazon.com in a report on Friday, February 6th. Roth Mkm reaffirmed a "buy" rating and issued a $295.00 price objective (up from $270.00) on shares of Amazon.com in a research note on Monday, January 26th. Finally, Guggenheim reiterated a "buy" rating and set a $300.00 price objective on shares of Amazon.com in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, fifty-three have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $286.93.

Amazon.com News Roundup

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Amazon expanded its Health AI assistant onto Amazon.com and the Amazon mobile app, broadening consumer-facing use cases that can drive engagement, health‑service revenue and stickier platform usage. Amazon launches healthcare AI assistant on its website, app
• Positive Sentiment: OpenAI will begin using AWS Tranium chips, signaling incremental and durable compute demand for AWS as large AI model customers diversify infrastructure — a structural positive for AWS revenue and margins. OpenAI Gave Amazing News to Amazon Shareholders
• Positive Sentiment: Investor demand for Amazon’s planned jumbo bond sale has been enormous (reports of ~$126B in orders), making it easier and cheaper for Amazon to fund its AI/data‑center capex program. Strong bond takeup is a near‑term vote of confidence from fixed‑income investors. Demand for Amazon’s Bond Sale Is Off the Charts
• Positive Sentiment: Legal win: a federal judge granted a preliminary injunction blocking Perplexity’s shopping agent from purchasing on Amazon — protects conversion/revenue and reduces third‑party bot risk to consumer checkout. Amazon wins court order to block Perplexity's AI shopping agent
• Neutral Sentiment: Zoox (Amazon’s robotaxi unit) is expanding tests to Phoenix and Dallas and launching an Arizona command hub — a long‑horizon growth story for logistics/transport but not an immediate revenue driver for AMZN. Amazon's Zoox to launch command hub in Arizona, expand testing to Dallas and Phoenix
• Neutral Sentiment: AWS is shifting defense workloads off Anthropic tech while retaining Claude for other customers — shows AWS is managing model partnerships and customer migrations pragmatically (operationally important but not a clear earnings swing). Amazon transitions defense workloads, keeps Claude for others
• Negative Sentiment: Amazon disclosed recent site outages linked in part to AI‑assisted code changes and has convened a “deep dive” engineering meeting — operational risks and the prospect of more outages can hit sales and investor confidence. Amazon plans 'deep dive' internal meeting to address AI-related outages
• Negative Sentiment: Geopolitical risk: drone attacks damaged AWS data centers in the Middle East — physical infrastructure and regional availability risk could pressure enterprise customers and raise mitigation costs. Iran’s attacks on Amazon data centers in UAE, Bahrain signal a new kind of war
• Negative Sentiment: Debt & capex tradeoff: the planned $37–$42B bond issuance (and ongoing ~$200B AI capex program) funds growth but increases leverage and raises scrutiny about near‑term free cash flow and potential balance‑sheet pressure. That dynamic is a key watch item for valuation and margin assumptions. Amazon targeting $37 billion to $42 billion in bond sale

Amazon.com Stock Up 0.4%

Amazon.com stock opened at $214.33 on Wednesday. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $258.60. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.88 and a current ratio of 1.05. The firm's 50-day simple moving average is $224.09 and its 200 day simple moving average is $227.06. The stock has a market cap of $2.30 trillion, a PE ratio of 29.89, a price-to-earnings-growth ratio of 1.60 and a beta of 1.40.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The e-commerce giant reported $1.95 EPS for the quarter, missing the consensus estimate of $1.97 by ($0.02). Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The firm had revenue of $213.39 billion during the quarter, compared to analysts' expectations of $211.02 billion. During the same quarter last year, the business posted $1.86 EPS. The company's quarterly revenue was up 13.6% on a year-over-year basis. Research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Matthew S. Garman sold 17,751 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $205.22, for a total transaction of $3,642,860.22. Following the completion of the sale, the chief executive officer directly owned 9,405 shares of the company's stock, valued at approximately $1,930,094.10. This trade represents a 65.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP David Zapolsky sold 10,649 shares of Amazon.com stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $205.43, for a total value of $2,187,624.07. Following the sale, the senior vice president owned 41,190 shares in the company, valued at $8,461,661.70. This trade represents a 20.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 71,686 shares of company stock valued at $14,688,739 over the last quarter. Corporate insiders own 10.80% of the company's stock.

Amazon.com Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon's online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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