Carlton Hofferkamp & Jenks Wealth Management LLC Acquires 894 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Carlton Hofferkamp & Jenks Wealth Management LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,044 shares of the e-commerce giant’s stock after purchasing an additional 894 shares during the period. Amazon.com accounts for about 1.3% of Carlton Hofferkamp & Jenks Wealth Management LLC’s portfolio, making the stock its 21st biggest position. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Amazon.com were worth $3,320,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AMZN. Adero Partners LLC boosted its position in shares of Amazon.com by 11.1% during the 1st quarter. Adero Partners LLC now owns 29,816 shares of the e-commerce giant’s stock worth $5,673,000 after purchasing an additional 2,987 shares in the last quarter. M.E. Allison & CO. Inc. increased its holdings in shares of Amazon.com by 20.8% during the first quarter. M.E. Allison & CO. Inc. now owns 8,111 shares of the e-commerce giant’s stock valued at $1,543,000 after acquiring an additional 1,394 shares in the last quarter. Sprinkle Financial Consultants LLC increased its holdings in shares of Amazon.com by 2.6% during the first quarter. Sprinkle Financial Consultants LLC now owns 11,836 shares of the e-commerce giant’s stock valued at $2,252,000 after acquiring an additional 295 shares in the last quarter. Brown Miller Wealth Management LLC raised its position in shares of Amazon.com by 15.9% during the first quarter. Brown Miller Wealth Management LLC now owns 23,591 shares of the e-commerce giant’s stock worth $4,488,000 after purchasing an additional 3,239 shares during the period. Finally, Pflug Koory LLC lifted its holdings in shares of Amazon.com by 2.6% in the 1st quarter. Pflug Koory LLC now owns 7,511 shares of the e-commerce giant’s stock worth $1,429,000 after purchasing an additional 192 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other news, CEO Matthew S. Garman sold 20,923 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,211,799.90. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 3,100,000 shares of the firm’s stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $221.42, for a total transaction of $686,402,000.00. Following the completion of the transaction, the insider owned 905,679,901 shares of the company’s stock, valued at $200,535,643,679.42. This trade represents a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,426,963 shares of company stock valued at $757,297,707 in the last 90 days. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Price Performance

AMZN opened at $223.13 on Friday. The firm has a 50-day moving average price of $205.76 and a 200-day moving average price of $208.76. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 36.34, a PEG ratio of 1.66 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. Amazon.com’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 EPS. Equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Westpark Capital restated a “buy” rating and set a $280.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Barclays decreased their target price on shares of Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. JMP Securities reaffirmed a “market outperform” rating on shares of Amazon.com in a research report on Tuesday, May 6th. Moffett Nathanson lifted their price target on Amazon.com from $250.00 to $253.00 and gave the company a “buy” rating in a research note on Tuesday, June 24th. Finally, Piper Sandler reissued an “overweight” rating and issued a $212.00 price objective (down from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Three research analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $245.60.

Amazon.com 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.