First Citizens Financial Corp Has $902,000 Holdings in Amazon.com, Inc. $AMZN

Key Points

• First Citizens Financial Corp increased its stake in Amazon.com by 51.9% in Q2, owning a total of 4,111 shares valued at $902,000.
• A number of institutional investors have also increased their positions in Amazon, with Vanguard Group Inc. owning over $158 billion worth of shares.
• Amazon recently reported a quarterly EPS of $1.68, exceeding analysts' expectations, and had a revenue of $167.70 billion, up 13.3% year-over-year.

First Citizens Financial Corp increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 51.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,111 shares of the e-commerce giant's stock after buying an additional 1,404 shares during the period. First Citizens Financial Corp's holdings in Amazon.com were worth $902,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com in the 4th quarter worth about $25,000. Cooksen Wealth LLC acquired a new stake in Amazon.com in the first quarter valued at approximately $36,000. Inlight Wealth Management LLC purchased a new position in Amazon.com in the 1st quarter valued at about $40,000. Capitol Family Office Inc. acquired a new stake in Amazon.com during the 1st quarter valued at approximately $42,000. Finally, Harbor Investment Advisory LLC boosted its stake in shares of Amazon.com by 0.7% during the 1st quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant's stock valued at $58,000 after buying an additional 2,145 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $223.49, for a total transaction of $558,725.00. Following the completion of the sale, the chief executive officer directly owned 518,007 shares of the company's stock, valued at $115,769,384.43. This represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Shelley Reynolds sold 2,715 shares of Amazon.com stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.64, for a total value of $601,752.60. Following the completion of the transaction, the vice president directly owned 119,780 shares in the company, valued at $26,548,039.20. This represents a 2.22% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,097,911 shares of company stock worth $5,676,032,574. 9.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Jefferies Financial Group reaffirmed a "buy" rating on shares of Amazon.com in a report on Thursday, September 11th. BNP Paribas Exane upgraded Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target for the company in a research note on Friday, June 27th. Roth Capital set a $250.00 target price on Amazon.com and gave the stock a "buy" rating in a report on Tuesday, July 8th. Citizens Jmp initiated coverage on Amazon.com in a report on Thursday, July 10th. They issued a "strong-buy" rating for the company. Finally, UBS Group restated a "buy" rating and set a $271.00 price objective (up from $249.00) on shares of Amazon.com in a research note on Monday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $263.30.

Amazon.com Price Performance

NASDAQ:AMZN traded up $0.25 during mid-day trading on Friday, reaching $231.48. 97,793,456 shares of the stock were exchanged, compared to its average volume of 34,071,644. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $2.47 trillion, a PE ratio of 35.29, a PEG ratio of 1.55 and a beta of 1.30. The business has a fifty day moving average price of $227.81 and a 200 day moving average price of $209.43.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same quarter last year, the firm posted $1.26 EPS. The business's revenue for the quarter was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.