Texas Capital Bank Wealth Management Services Inc Sells 9,796 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Texas Capital Bank Wealth Management Services Inc trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 40.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,429 shares of the e-commerce giant’s stock after selling 9,796 shares during the period. Texas Capital Bank Wealth Management Services Inc’s holdings in Amazon.com were worth $2,689,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. ACT Advisors LLC. lifted its stake in Amazon.com by 23.3% during the second quarter. ACT Advisors LLC. now owns 2,883 shares of the e-commerce giant’s stock worth $557,000 after purchasing an additional 545 shares during the period. Oldfather Financial Services LLC raised its holdings in shares of Amazon.com by 15.2% in the 2nd quarter. Oldfather Financial Services LLC now owns 2,124 shares of the e-commerce giant’s stock worth $410,000 after buying an additional 281 shares in the last quarter. TrueWealth Advisors LLC raised its holdings in shares of Amazon.com by 6.3% in the 2nd quarter. TrueWealth Advisors LLC now owns 7,061 shares of the e-commerce giant’s stock worth $1,365,000 after buying an additional 416 shares in the last quarter. Silverleafe Capital Partners LLC lifted its position in shares of Amazon.com by 2.5% during the 2nd quarter. Silverleafe Capital Partners LLC now owns 4,685 shares of the e-commerce giant’s stock worth $905,000 after buying an additional 115 shares during the period. Finally, Planned Solutions Inc. acquired a new stake in Amazon.com in the 2nd quarter valued at $202,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Royal Bank of Canada lifted their price objective on Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Redburn Atlantic lifted their price target on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Telsey Advisory Group boosted their price target on shares of Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Morgan Stanley raised their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Finally, Moffett Nathanson boosted their target price on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $243.67.

Insider Activity

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the transaction, the insider now directly owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock worth $1,253,456,822 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 1.4 %

Shares of NASDAQ AMZN opened at $218.94 on Monday. Amazon.com, Inc. has a twelve month low of $149.91 and a twelve month high of $233.00. The stock has a market cap of $2.30 trillion, a price-to-earnings ratio of 46.88, a P/E/G ratio of 1.54 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company’s fifty day moving average is $216.20 and its 200-day moving average is $195.42.

Amazon.com (NASDAQ:AMZN) last posted its 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. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities research analysts predict that Amazon.com, Inc. will post 5.29 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.