Texas Capital Bank Wealth Management Services Inc Acquires 11,523 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Texas Capital Bank Wealth Management Services Inc raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 90.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,225 shares of the e-commerce giant’s stock after buying an additional 11,523 shares during the period. Texas Capital Bank Wealth Management Services Inc’s holdings in Amazon.com were worth $4,681,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in AMZN. Annex Advisory Services LLC raised its holdings in shares of Amazon.com by 12.7% in the first quarter. Annex Advisory Services LLC now owns 172,590 shares of the e-commerce giant’s stock valued at $31,132,000 after purchasing an additional 19,478 shares during the last quarter. Riverview Trust Co raised its holdings in shares of Amazon.com by 2.9% in the first quarter. Riverview Trust Co now owns 19,261 shares of the e-commerce giant’s stock valued at $3,474,000 after purchasing an additional 534 shares during the last quarter. Fermata Advisors LLC raised its holdings in shares of Amazon.com by 12.4% in the first quarter. Fermata Advisors LLC now owns 16,292 shares of the e-commerce giant’s stock valued at $2,939,000 after purchasing an additional 1,799 shares during the last quarter. Bourne Lent Asset Management Inc. raised its holdings in shares of Amazon.com by 2.3% in the first quarter. Bourne Lent Asset Management Inc. now owns 26,190 shares of the e-commerce giant’s stock valued at $4,724,000 after purchasing an additional 600 shares during the last quarter. Finally, Retirement Planning Group LLC raised its holdings in shares of Amazon.com by 29.6% in the first quarter. Retirement Planning Group LLC now owns 10,109 shares of the e-commerce giant’s stock valued at $1,823,000 after purchasing an additional 2,311 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Trading Up 0.8 %

Shares of AMZN opened at $187.83 on Friday. The firm has a market cap of $1.95 trillion, a price-to-earnings ratio of 52.61, a PEG ratio of 1.38 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. The firm has a 50 day moving average price of $183.50 and a 200-day moving average price of $183.56.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The company had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. As a group, equities research analysts forecast that Amazon.com, Inc. will post 4.85 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the transaction, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at $8,820,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $189.25, for a total value of $662,375.00. Following the transaction, the chief executive officer now directly owns 503,753 shares of the company’s stock, valued at $95,335,255.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 54,355 shares of company stock valued at $9,877,423 over the last three months. 10.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of research analyst reports. Benchmark restated a “buy” rating and set a $200.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. Loop Capital raised their price objective on shares of Amazon.com from $750.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Needham & Company LLC restated a “buy” rating and set a $210.00 price objective on shares of Amazon.com in a report on Thursday. Cantor Fitzgerald restated an “overweight” rating and set a $230.00 price objective on shares of Amazon.com in a report on Monday, October 7th. Finally, Morgan Stanley restated an “overweight” rating and set a $210.00 price objective on shares of Amazon.com in a report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $236.78.

About Amazon.com

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.