North Dallas Bank & Trust Co. Invests $5.05 Million in Amazon.com, Inc. $AMZN

North Dallas Bank & Trust Co. acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 22,994 shares of the e-commerce giant’s stock, valued at approximately $5,045,000. Amazon.com accounts for about 3.8% of North Dallas Bank & Trust Co.’s portfolio, making the stock its 5th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Amazon.com by 2.1% during the second quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock valued at $186,420,422,000 after acquiring an additional 17,447,045 shares during the last quarter. State Street Corp lifted its stake in shares of Amazon.com by 1.4% in the 2nd quarter. State Street Corp now owns 374,097,285 shares of the e-commerce giant’s stock valued at $82,073,203,000 after purchasing an additional 5,163,208 shares during the period. Geode Capital Management LLC boosted its position in shares of Amazon.com by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant’s stock valued at $47,332,625,000 after purchasing an additional 3,721,658 shares in the last quarter. Kingstone Capital Partners Texas LLC boosted its position in shares of Amazon.com by 542,733.6% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock valued at $29,100,194,000 after purchasing an additional 132,616,953 shares in the last quarter. Finally, Norges Bank acquired a new stake in Amazon.com during the second quarter worth approximately $27,438,011,000. 72.20% of the stock is currently owned by institutional investors.

Insider Activity at Amazon.com

In related news, Director Jonathan Rubinstein sold 8,173 shares of the company’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $250.03, for a total transaction of $2,043,495.19. Following the completion of the sale, the director owned 80,030 shares in the company, valued at approximately $20,009,900.90. This represents a 9.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction on Friday, November 21st. The shares were sold at an average price of $216.94, for a total value of $4,311,031.68. Following the completion of the sale, the chief executive officer directly owned 2,208,310 shares of the company’s stock, valued at $479,070,771.40. The trade was a 0.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 82,234 shares of company stock valued at $19,076,767 over the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 1.8%

AMZN opened at $226.19 on Monday. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $258.60. The firm has a market capitalization of $2.42 trillion, a PE ratio of 31.95, a P/E/G ratio of 1.56 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 0.80. The company’s 50-day moving average is $229.35 and its 200 day moving average is $225.01.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. The business had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.43 EPS. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Bank of America boosted their price target on Amazon.com from $272.00 to $303.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Citigroup reiterated an “overweight” rating on shares of Amazon.com in a research note on Wednesday, November 26th. Pivotal Research increased their target price on shares of Amazon.com from $285.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. JMP Securities set a $300.00 price target on shares of Amazon.com in a report on Friday, October 31st. Finally, Cowen reaffirmed a “buy” rating on shares of Amazon.com in a research note on Tuesday, November 25th. Two analysts have rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $295.43.

About Amazon.com

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.