Bank OZK Acquires 326 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Bank OZK raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 4,824 shares of the e-commerce giant’s stock after acquiring an additional 326 shares during the period. Bank OZK’s holdings in Amazon.com were worth $932,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the fourth quarter worth $30,000. Christopher J. Hasenberg Inc boosted its position in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares during the last quarter. Clarity Asset Management Inc. bought a new stake in shares of Amazon.com during the 4th quarter valued at about $46,000. Steph & Co. purchased a new stake in shares of Amazon.com during the 1st quarter valued at about $65,000. Finally, Koesten Hirschmann & Crabtree INC. bought a new position in shares of Amazon.com in the 1st quarter worth approximately $69,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Robert W. Baird boosted their target price on shares of Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a research report on Friday, June 21st. Morgan Stanley cut their price objective on shares of Amazon.com from $240.00 to $210.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Maxim Group raised their target price on Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Jefferies Financial Group lowered their target price on Amazon.com from $235.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Finally, BMO Capital Markets restated an “outperform” rating and issued a $230.00 price target on shares of Amazon.com in a research report on Thursday, September 19th. One research analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $222.84.

Insider Activity

In other news, SVP David Zapolsky sold 4,710 shares of the firm’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $195.00, for a total value of $918,450.00. Following the completion of the sale, the senior vice president now owns 59,500 shares in the company, valued at approximately $11,602,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Amazon.com news, SVP David Zapolsky sold 4,710 shares of the firm’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $195.00, for a total value of $918,450.00. Following the completion of the sale, the senior vice president now owns 59,500 shares of the company’s stock, valued at $11,602,500. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $195.99, for a total value of $685,965.00. Following the transaction, the chief executive officer now owns 519,753 shares of the company’s stock, valued at approximately $101,866,390.47. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,104,317 shares of company stock valued at $1,220,621,322. 10.80% of the stock is currently owned by company insiders.

Amazon.com Trading Up 1.2 %

AMZN opened at $193.88 on Tuesday. The stock has a 50-day moving average of $178.57 and a 200 day moving average of $182.22. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20. The firm has a market cap of $2.02 trillion, a P/E ratio of 54.31, a P/E/G ratio of 1.39 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. As a group, research analysts forecast that Amazon.com, Inc. will post 4.86 EPS for the current year.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.