Texas Yale Capital Corp. Reduces Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Texas Yale Capital Corp. lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,253 shares of the e-commerce giant’s stock after selling 512 shares during the period. Texas Yale Capital Corp.’s holdings in Amazon.com were worth $5,117,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Amazon.com by 1.8% in the third quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock worth $79,275,249,000 after buying an additional 12,456,995 shares in the last quarter. State Street Corp raised its position in shares of Amazon.com by 1.0% in the third quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock worth $37,272,937,000 after buying an additional 3,121,516 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after buying an additional 295,880,050 shares in the last quarter. FMR LLC raised its position in shares of Amazon.com by 1,792.4% in the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after buying an additional 270,931,640 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Amazon.com by 2.3% in the first quarter. Geode Capital Management LLC now owns 165,309,180 shares of the e-commerce giant’s stock worth $17,031,683,000 after buying an additional 3,774,390 shares in the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Analyst Ratings Changes

AMZN has been the topic of a number of recent analyst reports. Canaccord Genuity Group increased their price objective on Amazon.com from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Barclays increased their target price on Amazon.com from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, October 27th. Canaccord Genuity Group increased their target price on Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Piper Sandler increased their target price on Amazon.com from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, August 24th. Finally, Argus reissued a “buy” rating and issued a $165.00 target price on shares of Amazon.com in a research note on Wednesday, September 27th. Two investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $168.93.

Amazon.com Price Performance

AMZN stock opened at $142.83 on Friday. The firm has a 50 day moving average price of $133.58 and a 200-day moving average price of $129.11. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $147.29. The firm has a market capitalization of $1.48 trillion, a price-to-earnings ratio of 74.01, a PEG ratio of 1.92 and a beta of 1.17. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.74 and a current ratio of 0.98.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 26th. The e-commerce giant reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.27. Amazon.com had a net margin of 3.62% and a return on equity of 12.75%. The firm had revenue of $143.08 billion during the quarter, compared to analyst estimates of $141.53 billion. Equities research analysts forecast that Amazon.com, Inc. will post 2.6 EPS for the current fiscal year.

Insider Activity

In other news, SVP David Zapolsky sold 42,816 shares of Amazon.com stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $145.13, for a total transaction of $6,213,886.08. Following the completion of the transaction, the senior vice president now directly owns 64,380 shares in the company, valued at $9,343,469.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP David Zapolsky sold 42,816 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $145.13, for a total transaction of $6,213,886.08. Following the completion of the sale, the senior vice president now owns 64,380 shares of the company’s stock, valued at $9,343,469.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $138.48, for a total transaction of $69,240.00. Following the sale, the chief executive officer now directly owns 106,520 shares of the company’s stock, valued at approximately $14,750,889.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 112,089 shares of company stock worth $15,479,976. Insiders own 12.70% of the company’s stock.

About Amazon.com

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.