Corsicana & Co. Grows Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Corsicana & Co. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 83.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 301 shares of the e-commerce giant’s stock after buying an additional 137 shares during the quarter. Corsicana & Co.’s holdings in Amazon.com were worth $981,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Stuart Chaussee & Associates Inc. acquired a new stake in Amazon.com in the 4th quarter valued at approximately $27,000. Gibson Wealth Advisors LLC acquired a new stake in Amazon.com in the 4th quarter valued at approximately $33,000. Leverty Financial Group LLC acquired a new stake in Amazon.com in the 4th quarter valued at approximately $36,000. MBM Wealth Consultants LLC increased its holdings in Amazon.com by 57.1% in the 4th quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock valued at $37,000 after purchasing an additional 4 shares during the last quarter. Finally, William Allan LLC acquired a new stake in Amazon.com in the 4th quarter valued at approximately $47,000. 72.51% of the stock is currently owned by hedge funds and other institutional investors.

AMZN has been the subject of several research reports. Raymond James dropped their price target on shares of Amazon.com from $197.50 to $165.00 in a research note on Friday, April 29th. Morgan Stanley dropped their price target on shares of Amazon.com from $210.00 to $190.00 in a research note on Friday, April 29th. Benchmark dropped their price target on shares of Amazon.com from $200.00 to $185.00 in a research note on Friday, April 29th. Exane BNP Paribas initiated coverage on shares of Amazon.com in a research note on Tuesday, March 29th. They issued an “underperform” rating and a $140.00 price target for the company. Finally, Needham & Company LLC dropped their price target on shares of Amazon.com from $207.50 to $175.00 in a research note on Friday, April 29th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and thirty-seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $187.67.

In other Amazon.com news, CEO David H. Clark sold 2,270 shares of the company’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. Following the transaction, the chief executive officer now directly owns 6,695 shares in the company, valued at $14,522,927.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew R. Jassy sold 1,181 shares of the stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $2,262.00, for a total transaction of $2,671,422.00. Following the completion of the sale, the chief executive officer now owns 92,781 shares in the company, valued at $209,870,622. The disclosure for this sale can be found here. Insiders have sold 4,837 shares of company stock worth $10,642,923 over the last 90 days. 12.70% of the stock is currently owned by company insiders.

Shares of AMZN opened at $108.95 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.35. The firm’s 50-day moving average is $120.84 and its two-hundred day moving average is $145.41. Amazon.com, Inc. has a twelve month low of $101.26 and a twelve month high of $188.65. The firm has a market capitalization of $1.11 trillion, a P/E ratio of 52.59, a PEG ratio of 3.25 and a beta of 1.23.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its earnings results on Thursday, April 28th. The e-commerce giant reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.23). Amazon.com had a return on equity of 21.60% and a net margin of 4.48%. The company had revenue of $116.44 billion for the quarter, compared to analyst estimates of $116.52 billion. During the same quarter in the previous year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. Analysts predict that Amazon.com, Inc. will post 1.22 EPS for the current year.

About Amazon.com (Get Rating)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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