Amarillo National Bank Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Amarillo National Bank grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 29.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 33,100 shares of the e-commerce giant’s stock after buying an additional 7,540 shares during the period. Amazon.com accounts for approximately 0.9% of Amarillo National Bank’s portfolio, making the stock its 24th largest position. Amarillo National Bank’s holdings in Amazon.com were worth $3,740,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Kelman Lazarov Inc. increased its stake in shares of Amazon.com by 40.6% during the third quarter. Kelman Lazarov Inc. now owns 2,700 shares of the e-commerce giant’s stock worth $305,000 after acquiring an additional 780 shares during the period. Wealth Architects LLC increased its stake in shares of Amazon.com by 7.9% during the third quarter. Wealth Architects LLC now owns 14,292 shares of the e-commerce giant’s stock worth $1,615,000 after acquiring an additional 1,042 shares during the period. Eqis Capital Management Inc. increased its stake in shares of Amazon.com by 7.4% during the third quarter. Eqis Capital Management Inc. now owns 26,169 shares of the e-commerce giant’s stock worth $2,957,000 after acquiring an additional 1,813 shares during the period. Smith Anglin Financial LLC increased its stake in shares of Amazon.com by 6.9% during the third quarter. Smith Anglin Financial LLC now owns 38,965 shares of the e-commerce giant’s stock worth $4,403,000 after acquiring an additional 2,530 shares during the period. Finally, State of Michigan Retirement System increased its stake in shares of Amazon.com by 1.3% during the third quarter. State of Michigan Retirement System now owns 2,951,720 shares of the e-commerce giant’s stock worth $333,544,000 after acquiring an additional 37,120 shares during the period. 57.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AMZN. Raymond James dropped their price target on shares of Amazon.com from $164.00 to $130.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Needham & Company LLC lowered their target price on shares of Amazon.com from $175.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Erste Group Bank lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Friday, November 18th. Citigroup lowered their target price on shares of Amazon.com from $185.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Finally, Rosenblatt Securities lowered their target price on shares of Amazon.com from $118.00 to $103.00 and set a “neutral” rating on the stock in a research report on Monday, November 14th. Two 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, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $146.29.

Amazon.com Price Performance

AMZN opened at $98.12 on Friday. The company has a fifty day simple moving average of $90.39 and a 200 day simple moving average of $110.73. The firm has a market cap of $1.00 trillion, a price-to-earnings ratio of 90.06, a PEG ratio of 3.03 and a beta of 1.22. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $170.83. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 2.25% and a return on equity of 14.44%. Amazon.com’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.31 earnings per share. Equities research analysts expect that Amazon.com, Inc. will post 0.69 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,500 shares of the firm’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $329,000.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $11,259,320. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Amazon.com news, SVP David Zapolsky sold 8,380 shares of the firm’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $787,720.00. Following the completion of the transaction, the senior vice president now directly owns 76,980 shares of the company’s stock, valued at approximately $7,236,120. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,500 shares of the firm’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $329,000.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $11,259,320. The disclosure for this sale can be found here. In the last three months, insiders sold 52,948 shares of company stock valued at $5,135,922. Corporate insiders own 12.70% of the company’s stock.

About Amazon.com

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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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