Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Carlton Hofferkamp & Jenks Wealth Management LLC

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.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Tuesday, November 3rd. The e-commerce giant reported $12.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $7.41 by $4.96. The company had revenue of $96.15 billion during the quarter, compared to analyst estimates of $92.56 billion. Amazon.com had a return on equity of 24.49% and a net margin of 4.99%. The company’s revenue for the quarter was up 37.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.23 earnings per share. On average, analysts expect that Amazon.com, Inc. will post 34.03 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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