Carlton Hofferkamp & Jenks Wealth Management LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 879 shares of the e-commerce giant’s stock after selling 47 shares during the quarter. Amazon.com comprises about 1.4% of Carlton Hofferkamp & Jenks Wealth Management LLC’s investment portfolio, making the stock its 15th largest position. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Amazon.com were worth $2,758,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. Visionary Wealth Advisors raised its stake in Amazon.com by 18.4% during the second quarter. Visionary Wealth Advisors now owns 1,173 shares of the e-commerce giant’s stock valued at $3,236,000 after buying an additional 182 shares in the last quarter. JSF Financial LLC raised its stake in Amazon.com by 5.7% during the second quarter. JSF Financial LLC now owns 759 shares of the e-commerce giant’s stock valued at $2,094,000 after buying an additional 41 shares in the last quarter. Jacobi Capital Management LLC raised its position in shares of Amazon.com by 35.5% during the 2nd quarter. Jacobi Capital Management LLC now owns 763 shares of the e-commerce giant’s stock worth $2,105,000 after purchasing an additional 200 shares during the period. Charles Schwab Trust Co raised its position in shares of Amazon.com by 3.3% during the 2nd quarter. Charles Schwab Trust Co now owns 506 shares of the e-commerce giant’s stock worth $1,397,000 after purchasing an additional 16 shares during the period. Finally, KFA Private Wealth Group LLC raised its position in shares of Amazon.com by 8.9% during the 2nd quarter. KFA Private Wealth Group LLC now owns 414 shares of the e-commerce giant’s stock worth $1,142,000 after purchasing an additional 34 shares during the period. Hedge funds and other institutional investors own 52.82% of the company’s stock.
AMZN opened at $3,186.73 on Friday. The stock has a fifty day moving average of $3,176.19 and a 200-day moving average of $3,025.42. The firm has a market capitalization of $1,598.94 billion, a P/E ratio of 93.32, a PEG ratio of 3.23 and a beta of 1.20. Amazon.com, Inc. has a 12-month low of $1,626.03 and a 12-month high of $3,552.25. The company has a quick ratio of 0.88, a current ratio of 1.11 and a debt-to-equity ratio of 0.40.
In other news, CEO Jeffrey A. Wilke sold 2,000 shares of the stock in a transaction on Tuesday, December 1st. The stock was sold at an average price of $3,200.59, for a total value of $6,401,180.00. Following the completion of the sale, the chief executive officer now owns 7,459 shares in the company, valued at $23,873,200.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 293 shares of the stock in a transaction on Monday, November 16th. The shares were sold at an average price of $3,085.62, for a total value of $904,086.66. Following the completion of the sale, the vice president now owns 6,282 shares of the company’s stock, valued at approximately $19,383,864.84. The disclosure for this sale can be found here. Insiders sold 14,613 shares of company stock valued at $45,262,469 in the last 90 days. Corporate insiders own 16.10% of the company’s stock.
AMZN has been the topic of a number of research reports. The Goldman Sachs Group reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, October 30th. MKM Partners increased their price target on Amazon.com from $3,650.00 to $3,750.00 in a research report on Friday, October 30th. BidaskClub upgraded Amazon.com from a “sell” rating to a “hold” rating in a research report on Saturday, October 31st. Pivotal Research increased their price target on Amazon.com from $3,925.00 to $4,500.00 and gave the stock a “buy” rating in a research report on Thursday, October 1st. Finally, Smith Barney Citigroup increased their price target on Amazon.com from $3,550.00 to $3,600.00 in a research report on Tuesday, November 3rd. Four research analysts have rated the stock with a hold rating and forty-eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $3,587.67.
Amazon.com Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
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