Arvest Bank Trust Division Invests $3.14 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Arvest Bank Trust Division acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,830 shares of the e-commerce giant’s stock, valued at approximately $3,136,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Callan Family Office LLC boosted its stake in Amazon.com by 380.9% in the 2nd quarter. Callan Family Office LLC now owns 29,693 shares of the e-commerce giant’s stock worth $5,738,000 after buying an additional 23,518 shares during the last quarter. First Command Advisory Services Inc. acquired a new position in shares of Amazon.com during the 2nd quarter valued at about $3,725,000. Trust Co. of Virginia VA lifted its holdings in shares of Amazon.com by 1.0% during the 2nd quarter. Trust Co. of Virginia VA now owns 89,331 shares of the e-commerce giant’s stock worth $17,263,000 after acquiring an additional 889 shares during the period. State of Michigan Retirement System boosted its position in shares of Amazon.com by 0.8% in the second quarter. State of Michigan Retirement System now owns 3,010,920 shares of the e-commerce giant’s stock worth $581,860,000 after acquiring an additional 23,500 shares during the last quarter. Finally, Helios Capital Management PTE. Ltd. boosted its position in shares of Amazon.com by 15.1% in the second quarter. Helios Capital Management PTE. Ltd. now owns 40,500 shares of the e-commerce giant’s stock worth $7,827,000 after acquiring an additional 5,300 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the sale, the insider now directly owns 914,420,614 shares in the company, valued at approximately $189,056,461,944.50. This represents a 0.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 5,004 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now directly owns 99,396 shares in the company, valued at approximately $19,864,290.60. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 1.2 %

NASDAQ:AMZN opened at $220.66 on Friday. The stock has a 50-day simple moving average of $217.35 and a 200 day simple moving average of $195.93. Amazon.com, Inc. has a one year low of $149.91 and a one year high of $233.00. The company has a market capitalization of $2.32 trillion, a price-to-earnings ratio of 47.25, a price-to-earnings-growth ratio of 1.22 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the previous year, the business earned $0.85 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. Sell-side analysts predict that Amazon.com, Inc. will post 5.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMZN. Royal Bank of Canada increased their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Evercore ISI increased their target price on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Pivotal Research started coverage on Amazon.com in a report on Friday, October 11th. They issued a “buy” rating and a $260.00 target price on the stock. Benchmark upped their price target on Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Mizuho raised their price objective on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $245.65.

Amazon.com Company 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.