Texas Bank & Trust Co Has $4.19 Million Stock Position in Amazon.com, Inc. $AMZN

Texas Bank & Trust Co increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 20,126 shares of the e-commerce giant’s stock after purchasing an additional 2,516 shares during the period. Amazon.com accounts for approximately 1.6% of Texas Bank & Trust Co’s holdings, making the stock its 12th largest position. Texas Bank & Trust Co’s holdings in Amazon.com were worth $4,192,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Brighton Jones LLC increased its holdings in shares of Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after acquiring an additional 397,007 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in Amazon.com by 4.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock valued at $5,495,000 after purchasing an additional 986 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in Amazon.com by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock valued at $442,481,000 after purchasing an additional 54,987 shares during the last quarter. Highview Capital Management LLC DE boosted its position in Amazon.com by 5.5% during the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock worth $6,357,000 after purchasing an additional 1,518 shares during the period. Finally, Liberty Square Wealth Partners LLC bought a new position in Amazon.com during the fourth quarter worth $2,153,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $247.55 on Wednesday. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $278.56. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. The company has a 50-day simple moving average of $250.08 and a two-hundred day simple moving average of $236.20. The stock has a market capitalization of $2.66 trillion, a price-to-earnings ratio of 29.61, a price-to-earnings-growth ratio of 1.86 and a beta of 1.46.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $1.15. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The firm had revenue of $181.52 billion for the quarter, compared to analyst estimates of $177.28 billion. During the same quarter in the prior year, the business posted $1.59 EPS. The business’s revenue was up 16.6% compared to the same quarter last year. Analysts forecast that Amazon.com, Inc. will post 7.75 EPS for the current year.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 9,270 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $268.53, for a total value of $2,489,273.10. Following the completion of the sale, the senior vice president directly owned 41,190 shares in the company, valued at approximately $11,060,750.70. The trade was a 18.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $263.42, for a total value of $5,268,400.00. Following the sale, the chief executive officer directly owned 2,205,766 shares in the company, valued at $581,042,879.72. This represents a 0.90% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 144,274 shares of company stock valued at $38,716,204 in the last quarter. Company insiders own 8.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AMZN. The Goldman Sachs Group reissued a “buy” rating and issued a $335.00 price objective on shares of Amazon.com in a research report on Thursday, July 9th. Maxim Group lifted their target price on shares of Amazon.com from $290.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Stifel Nicolaus set a $319.00 price target on shares of Amazon.com and gave the company a “buy” rating in a research note on Thursday, April 30th. Needham & Company LLC increased their price target on shares of Amazon.com from $265.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Amazon.com in a report on Thursday, June 18th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $312.91.

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About Amazon.com

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

See Also

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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