First Citizens Bank & Trust Co. Boosts Holdings in Amazon.com

First Citizens Bank & Trust Co., an institutional investor, increased its holdings in Amazon.com by 1.7% during the first quarter.

The company's stake in Amazon.com comprises 1.1% of its portfolio and is its 14th largest position, according to a recent Form 13F filing with the Securities and Exchange Commission.

First Citizens Bank & Trust Co.'s holdings in Amazon.com were worth $63,285,000 at the end of the most recent reporting period, after purchasing an additional 5,104 shares during the period.

Amazon.com's market capitalization stands at a staggering $2.94 trillion, with a P/E ratio of 21.93 and a beta of 1.45.