Callahan Advisors LLC Has $24.48 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Callahan Advisors LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% in the 2nd quarter, Holdings Channel reports. The fund owned 187,760 shares of the e-commerce giant’s stock after acquiring an additional 4,862 shares during the quarter. Amazon.com accounts for approximately 3.0% of Callahan Advisors LLC’s investment portfolio, making the stock its 5th biggest position. Callahan Advisors LLC’s holdings in Amazon.com were worth $24,476,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in AMZN. Laurel Wealth Planning LLC increased its position in shares of Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 304 shares in the last quarter. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Amazon.com during the fourth quarter worth $37,000. Swaine & Leidel Wealth Services LLC bought a new position in Amazon.com in the first quarter valued at $38,000. Atlantic Private Wealth LLC bought a new position in Amazon.com in the first quarter valued at $43,000. Finally, Goodwin Investment Advisory grew its position in Amazon.com by 1,225.8% in the second quarter. Goodwin Investment Advisory now owns 411 shares of the e-commerce giant’s stock valued at $44,000 after purchasing an additional 380 shares in the last quarter. Institutional investors own 57.96% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Amazon.com in a research report on Tuesday, October 17th. They issued a “buy” rating and a $173.00 target price for the company. Tigress Financial raised their target price on shares of Amazon.com from $192.00 to $204.00 in a research report on Thursday, July 13th. Argus reaffirmed a “buy” rating and issued a $165.00 target price on shares of Amazon.com in a research report on Wednesday, September 27th. StockNews.com raised shares of Amazon.com from a “hold” rating to a “buy” rating in a research report on Wednesday, November 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of Amazon.com from $145.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, August 4th. Two analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.80.

Amazon.com Price Performance

AMZN stock opened at $139.74 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 0.98 and a debt-to-equity ratio of 0.33. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $145.86. The firm has a market cap of $1.44 trillion, a P/E ratio of 72.40, a P/E/G ratio of 1.85 and a beta of 1.17. The company’s 50-day moving average price is $132.48 and its two-hundred day moving average price is $127.10.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 42,816 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $145.13, for a total value of $6,213,886.08. Following the transaction, the senior vice president now directly owns 64,380 shares of the company’s stock, valued at approximately $9,343,469.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Amazon.com news, SVP David Zapolsky sold 42,816 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $145.13, for a total value of $6,213,886.08. Following the transaction, the senior vice president now directly owns 64,380 shares of the company’s stock, valued at approximately $9,343,469.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Amazon Com Inc sold 1,177,000 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the completion of the transaction, the insider now directly owns 12,741,445 shares in the company, valued at $248,458,177.50. The disclosure for this sale can be found here. Insiders have sold a total of 1,359,145 shares of company stock valued at $48,229,508 in the last ninety days. 12.30% of the stock is currently owned by company insiders.

Amazon.com Profile

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