Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by First Dallas Securities Inc.

First Dallas Securities Inc. grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 24.3% during the fourth quarter, Holdings Channel reports. The firm owned 35,108 shares of the e-commerce giant’s stock after purchasing an additional 6,870 shares during the quarter. Amazon.com comprises about 3.1% of First Dallas Securities Inc.’s holdings, making the stock its 5th largest position. First Dallas Securities Inc.’s holdings in Amazon.com were worth $7,702,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Accordant Advisory Group Inc lifted its holdings in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after buying an additional 100 shares in the last quarter. Hoese & Co LLP purchased a new stake in shares of Amazon.com during the third quarter worth $37,000. Bull Oak Capital LLC acquired a new stake in shares of Amazon.com in the third quarter valued at $45,000. Values First Advisors Inc. purchased a new position in Amazon.com in the third quarter valued at $56,000. Finally, IFS Advisors LLC grew its stake in Amazon.com by 1,625.0% during the 4th quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock worth $76,000 after purchasing an additional 325 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Down 2.6 %

AMZN opened at $208.74 on Friday. The business has a 50 day simple moving average of $226.70 and a 200-day simple moving average of $205.29. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock has a market capitalization of $2.21 trillion, a P/E ratio of 37.75, a P/E/G ratio of 1.50 and a beta of 1.15. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 110,149 shares of company stock valued at $24,606,905. Corporate insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $250.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Bank of America increased their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $275.00 target price on shares of Amazon.com in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $260.65.

Amazon.com Company Profile

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.