Cullen Frost Bankers Inc. Has $187.20 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Cullen Frost Bankers Inc. lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 983,936 shares of the e-commerce giant's stock after acquiring an additional 7,369 shares during the quarter. Amazon.com accounts for approximately 2.6% of Cullen Frost Bankers Inc.'s investment portfolio, making the stock its 4th largest holding. Cullen Frost Bankers Inc.'s holdings in Amazon.com were worth $187,204,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Western Wealth Management LLC grew its stake in Amazon.com by 0.9% in the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock valued at $26,660,000 after purchasing an additional 1,297 shares during the last quarter. Momentous Wealth Management Inc. purchased a new position in Amazon.com in the fourth quarter valued at about $749,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Amazon.com in the first quarter valued at about $514,000. Segall Bryant & Hamill LLC grew its stake in Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after purchasing an additional 39,696 shares during the last quarter. Finally, Bearing Point Capital LLC purchased a new position in Amazon.com in the fourth quarter valued at about $12,014,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

AMZN opened at $224.66 on Thursday. The stock's 50-day moving average price is $220.60 and its 200 day moving average price is $208.72. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2.40 trillion, a price-to-earnings ratio of 34.25, a PEG ratio of 1.49 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The firm had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the prior year, the company earned $1.26 EPS. Amazon.com's revenue was up 13.3% on a year-over-year basis. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AMZN. Telsey Advisory Group restated an "outperform" rating and set a $265.00 price target on shares of Amazon.com in a research note on Wednesday. Evercore ISI dropped their price target on Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. UBS Group restated a "buy" rating and set a $271.00 price target (up previously from $249.00) on shares of Amazon.com in a research note on Monday, July 28th. DA Davidson boosted their price target on Amazon.com from $230.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, Raymond James Financial restated an "outperform" rating and set a $195.00 price target (down previously from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. One research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Amazon.com currently has an average rating of "Buy" and a consensus price target of $262.45.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders sold 25,096,253 shares of company stock worth $5,673,745,409. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.

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