Texas Capital Bancshares Inc. TX grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,900.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 2,500 shares of the e-commerce giant's stock after acquiring an additional 2,375 shares during the quarter. Texas Capital Bancshares Inc. TX's holdings in Amazon.com were worth $266,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Savior LLC boosted its position in shares of Amazon.com by 1,085.0% during the 2nd quarter. Savior LLC now owns 237 shares of the e-commerce giant's stock valued at $25,000 after acquiring an additional 217 shares during the last quarter. Rocky Mountain Advisers LLC lifted its position in Amazon.com by 1,311.8% in the second quarter. Rocky Mountain Advisers LLC now owns 240 shares of the e-commerce giant's stock worth $25,000 after buying an additional 223 shares during the last quarter. Iron Horse Wealth Management LLC lifted its position in Amazon.com by 4,540.0% in the second quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant's stock worth $25,000 after buying an additional 227 shares during the last quarter. Maryland Capital Advisors Inc. lifted its position in Amazon.com by 1,900.0% in the second quarter. Maryland Capital Advisors Inc. now owns 300 shares of the e-commerce giant's stock worth $32,000 after buying an additional 285 shares during the last quarter. Finally, West Financial Advisors LLC lifted its position in Amazon.com by 1,584.2% in the second quarter. West Financial Advisors LLC now owns 320 shares of the e-commerce giant's stock worth $34,000 after buying an additional 301 shares during the last quarter. 57.15% of the stock is currently owned by institutional investors.
Get Amazon.com alerts:Amazon.com Price Performance
Shares of NASDAQ AMZN opened at $93.41 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94. The company has a market cap of $952.94 billion, a PE ratio of 85.74, a P/E/G ratio of 6.29 and a beta of 1.23. The business has a 50-day simple moving average of $107.80 and a two-hundred day simple moving average of $116.45. Amazon.com, Inc. has a fifty-two week low of $85.87 and a fifty-two week high of $181.68.
Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.06. The business had revenue of $127.10 billion during the quarter, compared to the consensus estimate of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The company's quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the company earned $0.31 earnings per share. As a group, equities analysts expect that Amazon.com, Inc. will post 0.74 EPS for the current fiscal year.Insiders Place Their Bets
In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the firm's stock in a transaction dated Thursday, September 29th. The stock was sold at an average price of $114.61, for a total value of $59,597.20. Following the completion of the sale, the chief executive officer now owns 114,660 shares of the company's stock, valued at $13,141,182.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Douglas J. Herrington sold 15,787 shares of Amazon.com stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the completion of the sale, the chief executive officer now owns 522,251 shares of the company's stock, valued at $53,844,078.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction dated Thursday, September 29th. The stock was sold at an average price of $114.61, for a total value of $59,597.20. Following the sale, the chief executive officer now directly owns 114,660 shares of the company's stock, valued at approximately $13,141,182.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 303,988 shares of company stock valued at $11,164,283. 12.70% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
AMZN has been the subject of a number of analyst reports. Monness Crespi & Hardt lowered their price target on Amazon.com from $172.00 to $136.00 and set a "buy" rating for the company in a research report on Friday, October 28th. Deutsche Bank Aktiengesellschaft lowered their price target on Amazon.com from $150.00 to $130.00 and set a "buy" rating for the company in a research report on Friday, October 28th. Telsey Advisory Group lowered their price target on Amazon.com from $150.00 to $140.00 and set an "outperform" rating for the company in a research report on Friday, October 28th. Wells Fargo & Company decreased their target price on Amazon.com from $200.00 to $155.00 and set an "overweight" rating for the company in a research report on Friday, October 28th. Finally, StockNews.com began coverage on Amazon.com in a research report on Wednesday, October 12th. They set a "hold" rating for the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $149.40.
Amazon.com Profile
(Get Rating)
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.
Featured Articles
- Get a free copy of the StockNews.com research report on Amazon.com (AMZN)
- MarketBeat: Week in Review 11/21 – 11/25
- Is the 60/40 Portfolio Mix Still in Vogue?
- Institutional Support for Analog Devices Remains High
- Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges
- Microsoft Shares: Is it Time to Back Up the Truck?
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Get Rating).
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.