D L Carlson Investment Group Inc. lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 7.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,996 shares of the e-commerce giant’s stock after selling 9,716 shares during the period. Amazon.com accounts for 2.6% of D L Carlson Investment Group Inc.’s holdings, making the stock its 8th largest holding. D L Carlson Investment Group Inc.’s holdings in Amazon.com were worth $11,671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Physicians Financial Services Inc. grew its position in Amazon.com by 1.3% during the 1st quarter. Physicians Financial Services Inc. now owns 91,128 shares of the e-commerce giant’s stock worth $9,413,000 after acquiring an additional 1,160 shares during the last quarter. CCM Investment Advisers LLC increased its stake in shares of Amazon.com by 9.5% in the first quarter. CCM Investment Advisers LLC now owns 167,014 shares of the e-commerce giant’s stock valued at $17,251,000 after buying an additional 14,510 shares during the period. KB Financial Partners LLC acquired a new position in shares of Amazon.com in the first quarter valued at approximately $954,000. Chilton Capital Management LLC grew its holdings in Amazon.com by 4.5% during the 1st quarter. Chilton Capital Management LLC now owns 407,371 shares of the e-commerce giant’s stock worth $42,077,000 after acquiring an additional 17,594 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its position in Amazon.com by 2.4% in the 1st quarter. Mercer Global Advisors Inc. ADV now owns 771,661 shares of the e-commerce giant’s stock valued at $79,705,000 after acquiring an additional 17,964 shares during the period. Institutional investors own 57.96% of the company’s stock.
Amazon.com Stock Down 1.3 %
Amazon.com stock opened at $141.23 on Wednesday. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $143.63. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.95. The firm’s 50-day simple moving average is $134.24 and its 200 day simple moving average is $118.37. The stock has a market cap of $1.46 trillion, a PE ratio of 111.20, a price-to-earnings-growth ratio of 1.83 and a beta of 1.24.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the stock. Barclays boosted their price objective on shares of Amazon.com from $140.00 to $180.00 and gave the stock an “overweight” rating in a research note on Monday, August 7th. Canaccord Genuity Group upped their price target on Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Needham & Company LLC raised their price objective on Amazon.com from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Sanford C. Bernstein lifted their price objective on Amazon.com from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 19th. Finally, CICC Research assumed coverage on shares of Amazon.com in a research report on Sunday, July 9th. They set an “outperform” rating for the company. Three investment analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $161.22.
Get Our Latest Research Report on Amazon.com
Insider Activity
In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $125.07, for a total value of $62,535.00. Following the transaction, the chief executive officer now directly owns 151,780 shares of the company’s stock, valued at approximately $18,983,124.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $125.07, for a total value of $62,535.00. Following the transaction, the chief executive officer now directly owns 151,780 shares in the company, valued at $18,983,124.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Amazon Com Inc sold 1,177,000 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the transaction, the insider now directly owns 12,741,445 shares of the company’s stock, valued at $248,458,177.50. The disclosure for this sale can be found here. Insiders sold a total of 1,365,829 shares of company stock valued at $49,002,857 in the last ninety days. 12.30% of the stock is currently owned by insiders.
About Amazon.com
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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