First Citizens Bank & Trust 13F: Adds $11M to AMZN Stake
The bank increased its Amazon holdings by 44,499 shares, now worth $102.7 million.
Reviewed by automated data checks against the source filing. How we make and check alerts
First Citizens Bank & Trust added 44,499 shares to its stake in Amazon.com, Inc. ($AMZN), a 12.10% increase, according to a 13F filing with the SEC dated October 14, 2026. It reported 412,242 shares worth $102.71 million at the end of the quarter.
Since the filing, $AMZN is down 1.6% to date (from the $254.08 close on Oct 14, 2026).
Find the original: First Citizens Bank & Trust 13F filings on SEC EDGAR
AMZN
Amazon.com, Inc.
Key Points
- First Citizens Bank & Trust boosted its stake in Amazon by 44,499 shares, growing its position to 412,242 shares valued at $102.7 million.
- Amazon, a leader in internet retail, has a market cap of $2.75 trillion and a P/E ratio of 20.5, with a 52-week high of $287.2.
- Amazon reported $775.7 billion in revenue with a net margin of 17.4%, and analysts maintain a strong buy consensus.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Amazon.com, Inc. alert may contain errors. Disclosures
First Citizens Bank & Trust has increased its stake in Amazon.com, Inc. (NasdaqGS: AMZN) by 44,499 shares, bringing its total holdings to 412,242 shares. This move, reflected in the latest Form 13F filing with the SEC, shows a 12.1% increase in the bank's position, now valued at approximately $102.7 million as of the reporting period.
First Citizens Bank & Trust vs. the S&P 500
Hypothetical returns from First Citizens Bank & Trust's disclosed trades, not real profit or advice. How we model this.
What Changed in First Citizens Bank & Trust's Amazon Position
First Citizens Bank & Trust has boosted its Amazon holdings by 44,499 shares, marking a 12.1% increase. Prior to this change, the bank held 367,743 shares. The total value of its Amazon position now stands at about $102.7 million.
Amazon.com, Inc. Stock Down 2.0%
Shares of Amazon.com, Inc. (NasdaqGS: AMZN) traded near their recent close of $254.08. The company, a giant in the consumer cyclical sector, boasts a market capitalization of approximately $2.75 trillion. Amazon has a price-to-earnings ratio of 20.5 and a forward P/E of 24.4. The stock's 52-week range is between $196.00 and $287.20, with a 50-day moving average of $257.52 and a 200-day moving average of $242.64. The company's beta is 1.456, indicating a higher volatility compared to the market.
Recent Earnings
In its most recent earnings report, Amazon announced revenue of $775.7 billion, reflecting a growth rate of 19.6%. The company's net margin stands at 17.4%, with a return on equity of 30.6%. Earnings per share were reported at $12.43. Investors are looking forward to the next earnings release scheduled for October 29, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
23 analysts raised price targets.
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EPS & revenue
EPS missed estimates by 3.6%. Revenue met estimates.
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Profit surprise
EBITDA beat by 31 percent. Operating income beat by 90 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
23 target raises.
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Earnings quality
Gross margin up 1.3 points. Operating margin up 1.3 points. Positive free cash flow.
Earnings Call Summary
Amazon had a strong first quarter with $181.5 billion in revenue and record 13.1 percent operating margin. Cloud computing services grew 28 percent year over year, the fastest pace in 15 quarters, driven by artificial intelligence demand. The company is investing tens of billions in data centers and chips, expecting these upfront costs to deliver strong returns in future years as customers pay for the capacity.
Guidance Amazon expects second quarter sales between $194 billion and $199 billion, up from first quarter's $181.5 billion. Operating income should reach $20 billion to $24 billion as the company invests heavily in artificial intelligence and new satellites for the Amazon LEO business.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
About Amazon.com, Inc.
Amazon.com, Inc., headquartered in Seattle, Washington, is a global leader in online retail and services. The company operates through segments including North America, International, and Amazon Web Services (AWS). Amazon offers a wide range of products from consumer electronics to digital media and cloud computing services. Under the leadership of CEO Andrew R. Jassy, Amazon also provides a platform for third-party sellers and content creators. With a workforce of over 1.59 million employees, the company continues to expand its reach and influence in the market.
Bottom Line
First Citizens Bank & Trust's decision to increase its stake in Amazon underscores the bank's confidence in the company's performance. While 13F filings offer a glimpse into investment strategies, they reflect past actions and may not indicate current positions. Amazon's robust earnings and market position continue to attract institutional interest, making it a closely watched stock by investors.
Related Filing Alerts
Source: First Citizens Bank & Trust's 13F filing on $AMZN (Oct 14, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: First Citizens Bank & Trust 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts