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:AMZN – Get 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.
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, 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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