North Dallas Bank & Trust Co. Purchases New Shares in Amazon.com, Inc. $AMZN

North Dallas Bank & Trust Co. purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 22,994 shares of the e-commerce giant’s stock, valued at approximately $5,045,000. Amazon.com accounts for about 3.8% of North Dallas Bank & Trust Co.’s portfolio, making the stock its 5th biggest holding.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AMZN. Carderock Capital Management Inc. acquired a new stake in Amazon.com during the second quarter worth approximately $27,000. Maryland Capital Advisors Inc. lifted its position in shares of Amazon.com by 81.9% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 95 shares during the period. Ryan Investment Management Inc. acquired a new stake in shares of Amazon.com during the 2nd quarter worth $48,000. Cooksen Wealth LLC grew its holdings in shares of Amazon.com by 23.5% during the 2nd quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock worth $54,000 after purchasing an additional 47 shares in the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Amazon.com in the first quarter worth $59,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on AMZN shares. Wedbush reaffirmed an “outperform” rating and set a $340.00 price objective on shares of Amazon.com in a research report on Wednesday, December 3rd. Wolfe Research boosted their target price on shares of Amazon.com from $265.00 to $270.00 in a research report on Tuesday, September 30th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Amazon.com in a report on Monday, December 8th. TD Cowen reissued a “buy” rating and issued a $300.00 price objective on shares of Amazon.com in a research note on Thursday. Finally, Roth Capital boosted their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $295.43.

Insider Activity

In related news, Director Keith Brian Alexander sold 900 shares of Amazon.com stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $233.00, for a total transaction of $209,700.00. Following the sale, the director directly owned 7,170 shares in the company, valued at $1,670,610. This trade represents a 11.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $226.61, for a total transaction of $280,316.57. Following the sale, the director directly owned 26,148 shares in the company, valued at $5,925,398.28. The trade was a 4.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 82,234 shares of company stock valued at $19,076,767. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $226.19 on Monday. The company’s 50 day moving average price is $229.35 and its two-hundred day moving average price is $225.01. The firm has a market capitalization of $2.42 trillion, a P/E ratio of 31.95, a P/E/G ratio of 1.56 and a beta of 1.37. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $258.60. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 0.80.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. The company had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.Amazon.com’s revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 EPS. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.