Amazon.com, Inc. (NASDAQ:AMZN) is Goodman Financial Corp's 3rd Largest Position

Goodman Financial Corp lowered its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,969 shares of the e-commerce giant's stock after selling 4,360 shares during the period. Amazon.com comprises about 3.8% of Goodman Financial Corp's portfolio, making the stock its 3rd largest position. Goodman Financial Corp's holdings in Amazon.com were worth $17,983,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Swedbank AB lifted its stake in Amazon.com by 1.4% in the third quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant's stock valued at $2,484,864,000 after purchasing an additional 183,610 shares during the last quarter. Sassicaia Capital Advisers LLC purchased a new position in shares of Amazon.com during the 3rd quarter valued at $279,000. Howard Capital Management Group LLC grew its stake in shares of Amazon.com by 0.3% during the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock worth $66,434,000 after acquiring an additional 897 shares during the period. Meridian Management Co. increased its holdings in Amazon.com by 27.6% in the 3rd quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant's stock worth $6,235,000 after acquiring an additional 7,246 shares during the last quarter. Finally, Pettinga Financial Advisors LLC raised its stake in Amazon.com by 4.3% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 5,512 shares of the e-commerce giant's stock valued at $1,027,000 after acquiring an additional 225 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Trading Up 0.1 %

Shares of NASDAQ AMZN traded up $0.10 during midday trading on Friday, hitting $186.64. 11,987,395 shares of the company traded hands, compared to its average volume of 41,857,658. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The stock has a 50-day moving average price of $194.27 and a 200 day moving average price of $207.70. The firm has a market cap of $1.98 trillion, a P/E ratio of 33.76, a P/E/G ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, 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 weighed in on AMZN. Telsey Advisory Group cut their target price on shares of Amazon.com from $275.00 to $235.00 and set an "outperform" rating for the company in a research report on Wednesday. Royal Bank of Canada lifted their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Wells Fargo & Company lowered their target price on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 25th. Piper Sandler reaffirmed an "overweight" rating and issued a $265.00 price target (up from $225.00) on shares of Amazon.com in a report on Friday, February 7th. Finally, Westpark Capital assumed coverage on Amazon.com in a research note on Tuesday, April 1st. They set a "buy" rating and a $280.00 price objective on the stock. Two analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $247.56.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the transaction, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at $95,776,017.26. This trade represents a 0.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,798 shares of company stock worth $23,341,803. 10.80% 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.