Texas Bank & Trust Co Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Texas Bank & Trust Co bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 16,141 shares of the e-commerce giant's stock, valued at approximately $3,541,000. Amazon.com comprises 1.5% of Texas Bank & Trust Co's investment portfolio, making the stock its 17th largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of AMZN. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com in the fourth quarter worth approximately $25,000. Accordant Advisory Group Inc boosted its stake in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after purchasing an additional 100 shares during the period. Prudent Man Investment Management Inc. purchased a new position in Amazon.com during the 4th quarter worth approximately $27,000. LSV Asset Management acquired a new stake in Amazon.com during the 4th quarter valued at $35,000. Finally, Perritt Capital Management Inc lifted its holdings in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 80 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Performance

AMZN stock traded down $1.77 on Friday, reaching $203.93. 51,641,602 shares of the company were exchanged, compared to its average volume of 42,021,406. The firm has a market capitalization of $2.16 trillion, a PE ratio of 36.88, a PEG ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock's fifty day moving average price is $190.57 and its 200 day moving average price is $208.66. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business's revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Stifel Nicolaus lowered their price target on Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Wedbush restated an "outperform" rating and set a $235.00 price objective (up from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Raymond James reiterated an "outperform" rating and issued a $195.00 target price (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Telsey Advisory Group reissued an "outperform" rating and issued a $235.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Evercore ISI lowered their price objective on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Four 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.com, the company has an average rating of "Moderate Buy" and an average price target of $244.09.

Insider Buying and Selling

In other news, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 7,100 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.23, for a total transaction of $1,428,733.00. Following the transaction, the senior vice president now directly owns 60,600 shares of the company's stock, valued at $12,194,538. The trade was a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 99,537 shares of company stock valued at $20,018,625 over the last three months. 9.70% of the stock is owned by corporate insiders.

About Amazon.com

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.