Texas capital

Texas Capital Bank Wealth Management Services Inc. increases its stock holdings on Amazon.com, Inc. (NASDAQ:AMZN)


Texas Capital Bank Wealth Management Services Inc. increased its holdings of Amazon.com, Inc. (NASDAQ:AMZN) stock 14.9% in Q1, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor held 872 shares of the e-commerce giant after buying 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 last quarter.

Other hedge funds and other institutional investors have also recently changed their holdings in the company. Stuart Chaussee & Associates Inc. acquired a new stake in Amazon.com in the fourth quarter worth approximately $27,000. Gibson Wealth Advisors LLC bought a new stake in Amazon.com in the fourth quarter worth about $33,000. Leverty Financial Group LLC bought a new stake in Amazon.com in the fourth quarter worth about $36,000. MBM Wealth Consultants LLC increased 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 worth $37,000 after buying 4 more 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 shares.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $142.57 on Friday. Amazon.com, Inc. has a 1-year minimum of $101.26 and a 1-year maximum of $188.11. The company has a debt ratio of 0.44, a current ratio of 0.95 and a quick ratio of 0.68. The company 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 released its quarterly results on Thursday, July 28. The e-commerce giant reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.15 per ($0.35). Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The company posted revenue of $121.23 billion for the quarter, versus a consensus estimate of $119.16 billion. In the same quarter a year earlier, the company earned $0.76 per share. Amazon.com’s revenue increased 7.2% compared to the same quarter last year. As a group, stock analysts expect Amazon.com, Inc. to post 0.97 EPS for the current fiscal year.

Insider activity

Separately, CEO Andrew R. Jassy sold 1,181 shares of the company in a trade on Monday, May 16. The stock was sold at an average price of $2,262.00, for a total transaction of $2,671,422.00. Following completion of the transaction, the CEO now directly owns 92,781 shares of the company, valued at $209,870,622. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. Separately, Vice President Shelley Reynolds sold 173 shares in a trade on Monday, May 23. 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, 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. Additionally, CEO Andrew R. Jassy sold 1,181 shares in a trade on Monday, May 16. 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 CEO now directly owns 92,781 shares of the company, valued at $209,870,622. The disclosure of this sale can be found here. Insiders have sold 4,803 shares of the company worth $10,528,337 in the past three months. 12.70% of the shares are currently held by company insiders.

Changes to analyst ratings

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

Amazon.co.uk 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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Institutional ownership by quarter for Amazon.com (NASDAQ:AMZN)



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