Argyle Capital Management Inc. Has $317,000 Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Argyle Capital Management Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 13.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,699 shares of the e-commerce giant’s stock after acquiring an additional 199 shares during the quarter. Argyle Capital Management Inc.’s holdings in Amazon.com were worth $317,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Hedeker Wealth LLC lifted its stake in shares of Amazon.com by 1.6% during the third quarter. Hedeker Wealth LLC now owns 72,337 shares of the e-commerce giant’s stock valued at $13,478,000 after acquiring an additional 1,107 shares during the period. Strategic Blueprint LLC lifted its stake in Amazon.com by 3.1% in the third quarter. Strategic Blueprint LLC now owns 106,799 shares of the e-commerce giant’s stock valued at $19,900,000 after buying an additional 3,260 shares during the period. Farmers & Merchants Investments Inc. lifted its stake in Amazon.com by 4.7% in the third quarter. Farmers & Merchants Investments Inc. now owns 126,936 shares of the e-commerce giant’s stock valued at $23,652,000 after buying an additional 5,675 shares during the period. Cutter & CO Brokerage Inc. lifted its stake in Amazon.com by 36.4% in the third quarter. Cutter & CO Brokerage Inc. now owns 32,417 shares of the e-commerce giant’s stock valued at $6,040,000 after buying an additional 8,647 shares during the period. Finally, True Link Financial Advisors LLC acquired a new position in Amazon.com in the third quarter valued at about $224,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on AMZN. Loop Capital increased their target price on Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Maxim Group increased their target price on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, November 1st. UBS Group increased their target price on Amazon.com from $220.00 to $223.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Scotiabank increased their target price on Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a research note on Friday, November 1st. Finally, DA Davidson reaffirmed a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research report on Thursday, October 10th. Two analysts have 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $236.20.

Amazon.com Stock Performance

AMZN opened at $218.16 on Thursday. The stock has a market cap of $2.29 trillion, a price-to-earnings ratio of 46.72, a PEG ratio of 1.41 and a beta of 1.16. The business has a 50 day moving average of $196.02 and a 200-day moving average of $187.55. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12-month low of $143.13 and a 12-month high of $220.00.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the firm posted $0.85 EPS. On average, equities research analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 5,502 shares of Amazon.com stock in a transaction on Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the transaction, the chief executive officer now directly owns 518,911 shares of the company’s stock, valued at $106,797,072.91. The trade was a 1.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew S. Garman sold 15,260 shares of Amazon.com stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the transaction, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at $69,918,559.59. This represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,030,183 shares of company stock valued at $1,252,883,795. Insiders own 10.80% of the company’s stock.

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.