First Dallas Securities Inc. Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

First Dallas Securities Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 53.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,056 shares of the e-commerce giant’s stock after buying an additional 3,866 shares during the quarter. First Dallas Securities Inc.’s holdings in Amazon.com were worth $1,249,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Twin Capital Management Inc. grew its stake in Amazon.com by 14.8% during the 3rd quarter. Twin Capital Management Inc. now owns 185,053 shares of the e-commerce giant’s stock worth $20,911,000 after buying an additional 23,866 shares during the last quarter. Mine & Arao Wealth Creation & Management LLC. grew its stake in shares of Amazon.com by 2.0% in the 3rd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 59,635 shares of the e-commerce giant’s stock valued at $6,739,000 after purchasing an additional 1,190 shares during the last quarter. TriaGen Wealth Management LLC grew its stake in shares of Amazon.com by 5.0% in the 3rd quarter. TriaGen Wealth Management LLC now owns 8,330 shares of the e-commerce giant’s stock valued at $941,000 after purchasing an additional 395 shares during the last quarter. West Wealth Group LLC grew its stake in shares of Amazon.com by 28.5% in the 3rd quarter. West Wealth Group LLC now owns 11,324 shares of the e-commerce giant’s stock valued at $1,279,000 after purchasing an additional 2,511 shares during the last quarter. Finally, Rothschild Investment Corp IL grew its stake in shares of Amazon.com by 0.3% in the 3rd quarter. Rothschild Investment Corp IL now owns 82,426 shares of the e-commerce giant’s stock valued at $9,314,000 after purchasing an additional 246 shares during the last quarter. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Tigress Financial lowered their target price on Amazon.com from $232.00 to $192.00 and set a “buy” rating on the stock in a research note on Wednesday, November 2nd. Oppenheimer lowered their target price on Amazon.com from $165.00 to $130.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Deutsche Bank Aktiengesellschaft lowered their target price on Amazon.com from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Telsey Advisory Group decreased their price target on Amazon.com from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Finally, Wedbush decreased their price target on Amazon.com from $175.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $146.70.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 345 shares of the company’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total transaction of $35,190.00. Following the completion of the sale, the chief executive officer now directly owns 112,795 shares in the company, valued at $11,505,090. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Adam Selipsky sold 345 shares of the company’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total value of $35,190.00. Following the completion of the sale, the chief executive officer now owns 112,795 shares of the company’s stock, valued at $11,505,090. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 7,456 shares of the company’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $94.00, for a total value of $700,864.00. Following the completion of the sale, the chief executive officer now directly owns 533,435 shares of the company’s stock, valued at approximately $50,142,890. The disclosure for this sale can be found here. Insiders sold 52,948 shares of company stock worth $5,135,922 over the last three months. 12.70% of the stock is owned by insiders.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $95.09 on Thursday. The firm has a market capitalization of $970.08 billion, a PE ratio of 87.28, a P/E/G ratio of 2.74 and a beta of 1.22. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68. The business has a 50-day moving average of $90.13 and a two-hundred day moving average of $110.92. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $170.83.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02). The firm had revenue of $127.10 billion for the quarter, compared to analyst estimates of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The business’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.31 earnings per share. As a group, research analysts forecast that Amazon.com, Inc. will post 0.69 earnings per share for the current year.

Amazon.com Profile

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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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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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