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Texas Capital Bank Wealth Management Services Inc. Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

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Texas Capital Bank Wealth Management Services Inc. lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 872 shares of the e-commerce giant’s stock after purchasing an additional 113 shares during the quarter. Texas Capital Bank Wealth Management Services Inc.’s holdings in Amazon.com were worth $2,843,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Stuart Chaussee & Associates Inc. purchased a new stake in Amazon.com in the fourth quarter worth approximately $27,000. Gibson Wealth Advisors LLC purchased a new stake in Amazon.com in the fourth quarter worth approximately $33,000. Leverty Financial Group LLC purchased a new stake in Amazon.com in the fourth quarter worth approximately $36,000. MBM Wealth Consultants LLC boosted its stake in Amazon.com by 57.1% in the fourth quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock worth $37,000 after buying an additional 4 shares in the last quarter. Finally, William Allan LLC purchased a new stake in Amazon.com in the fourth quarter worth approximately $47,000. Hedge funds and other institutional investors own 72.51% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $142.57 on Friday. Amazon.com, Inc. has a 1-year low of $101.26 and a 1-year high of $188.11. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.95 and a quick ratio of 0.68. The business has a fifty day moving average price of $116.58 and a 200-day moving average price of $134.61. The company has a market capitalization of $1.45 trillion, a PE ratio of 127.81, a PEG ratio of 6.11 and a beta of 1.33.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.35). Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The company had revenue of $121.23 billion for the quarter, compared to the consensus estimate of $119.16 billion. During the same quarter in the previous year, the business earned $0.76 earnings per share. Amazon.com’s revenue was up 7.2% compared to the same quarter last year. As a group, equities analysts expect that Amazon.com, Inc. will post 0.97 EPS for the current fiscal year.

Insider Activity

In other news, CEO Andrew R. Jassy sold 1,181 shares of the firm’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $2,262.00, for a total transaction of $2,671,422.00. Following the completion of the transaction, the chief executive officer now directly owns 92,781 shares in the company, valued at $209,870,622. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Shelley Reynolds sold 173 shares of the stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total transaction of $375,275.06. Following the sale, the vice president now directly owns 5,989 shares of the company’s stock, valued at $12,991,458.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew R. Jassy sold 1,181 shares of the stock in a transaction on Monday, May 16th. The shares were sold at an average price of $2,262.00, for a total value of $2,671,422.00. Following the sale, the chief executive officer now directly owns 92,781 shares in the company, valued at $209,870,622. The disclosure for this sale can be found here. Insiders sold 4,803 shares of company stock worth $10,528,337 over the last three months. 12.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. Raymond James cut their target price on Amazon.com from $197.50 to $165.00 in a research note on Friday, April 29th. Robert W. Baird cut their target price on Amazon.com from $200.00 to $187.50 in a research note on Friday, April 29th. The Goldman Sachs Group reissued a “buy” rating and set a $175.00 price objective on shares of Amazon.com in a research note on Thursday. Royal Bank of Canada dropped their price objective on Amazon.com from $194.00 to $175.00 in a research note on Friday, April 29th. Finally, Cowen increased their price objective on Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, July 29th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and thirty-six have assigned a buy rating to the company. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $178.11.

Amazon.com Profile

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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