Community Bank & Trust Waco Texas Increases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Community Bank & Trust Waco Texas raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,226 shares of the e-commerce giant’s stock after purchasing an additional 977 shares during the quarter. Amazon.com accounts for about 2.2% of Community Bank & Trust Waco Texas’ portfolio, making the stock its 10th largest position. Community Bank & Trust Waco Texas’ holdings in Amazon.com were worth $9,918,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AMZN. Haverford Trust Co raised its position in Amazon.com by 4.6% during the third quarter. Haverford Trust Co now owns 77,446 shares of the e-commerce giant’s stock valued at $14,431,000 after purchasing an additional 3,429 shares during the period. Empower Advisory Group LLC increased its position in shares of Amazon.com by 4.7% during the 3rd quarter. Empower Advisory Group LLC now owns 1,535,895 shares of the e-commerce giant’s stock valued at $286,183,000 after purchasing an additional 68,869 shares during the last quarter. Live Oak Investment Partners increased its position in shares of Amazon.com by 6.6% during the 3rd quarter. Live Oak Investment Partners now owns 11,355 shares of the e-commerce giant’s stock valued at $2,116,000 after purchasing an additional 702 shares during the last quarter. Dillon & Associates Inc. raised its holdings in Amazon.com by 6.9% during the 3rd quarter. Dillon & Associates Inc. now owns 86,185 shares of the e-commerce giant’s stock valued at $16,030,000 after buying an additional 5,559 shares during the period. Finally, RPG Investment Advisory LLC lifted its position in Amazon.com by 2.8% in the third quarter. RPG Investment Advisory LLC now owns 100,991 shares of the e-commerce giant’s stock worth $18,818,000 after buying an additional 2,745 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the transaction, the chief executive officer now directly owns 524,567 shares of the company’s stock, valued at approximately $110,159,070. This represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan Rubinstein sold 5,004 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the transaction, the director now owns 99,396 shares of the company’s stock, valued at approximately $19,864,290.60. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is owned by corporate insiders.

Amazon.com Trading Up 0.1 %

Shares of NASDAQ:AMZN opened at $225.06 on Tuesday. The business’s 50-day moving average is $205.83 and its 200 day moving average is $191.46. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 1 year low of $144.05 and a 1 year high of $233.00. The firm has a market capitalization of $2.37 trillion, a P/E ratio of 48.19, a P/E/G ratio of 1.54 and a beta of 1.16.

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AMZN shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $230.00 price objective on shares of Amazon.com in a research report on Monday, October 7th. Royal Bank of Canada upped their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Wells Fargo & Company reissued an “equal weight” rating and issued a $197.00 price objective on shares of Amazon.com in a research report on Wednesday, November 20th. Morgan Stanley boosted their target price on Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Finally, Rosenblatt Securities increased their price target on Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $243.00.

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.