Carlton Hofferkamp & Jenks Wealth Management LLC Takes Position in Amazon.com, Inc. (AMZN)
Carlton Hofferkamp & Jenks Wealth Management LLC acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 902 shares of the e-commerce giant’s stock, valued at approximately $799,000.
Other hedge funds have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Amazon.com during the fourth quarter worth $2,736,365,000. Asset Management One Co. Ltd. raised its position in shares of Amazon.com by 728.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 696,134 shares of the e-commerce giant’s stock worth $522,899,000 after buying an additional 612,153 shares during the period. State Street Corp raised its position in shares of Amazon.com by 3.5% in the fourth quarter. State Street Corp now owns 16,357,782 shares of the e-commerce giant’s stock worth $12,266,213,000 after buying an additional 548,945 shares during the period. Russell Investments Group Ltd. purchased a new position in shares of Amazon.com during the fourth quarter worth $373,202,000. Finally, Ruane Cunniff & Goldfarb Inc. purchased a new position in shares of Amazon.com during the fourth quarter worth $335,571,000. 63.45% of the stock is owned by institutional investors.
Amazon.com, Inc. (AMZN) opened at 995.17 on Tuesday. The company has a market cap of $475.67 billion, a P/E ratio of 187.41 and a beta of 1.47. Amazon.com, Inc. has a 52 week low of $682.11 and a 52 week high of $1,017.00. The firm’s 50 day moving average is $972.65 and its 200-day moving average is $868.90.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, April 27th. The e-commerce giant reported $1.48 EPS for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.45. Amazon.com had a net margin of 1.81% and a return on equity of 13.72%. The company had revenue of $35.71 billion during the quarter, compared to analysts’ expectations of $35.31 billion. During the same quarter in the prior year, the company posted $1.07 earnings per share. Amazon.com’s revenue for the quarter was up 22.6% compared to the same quarter last year. On average, analysts predict that Amazon.com, Inc. will post $6.68 earnings per share for the current fiscal year.
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A number of brokerages have recently weighed in on AMZN. Loop Capital reiterated a “buy” rating on shares of Amazon.com in a research note on Thursday, June 8th. J P Morgan Chase & Co reiterated an “overweight” rating on shares of Amazon.com in a research note on Wednesday, May 31st. Instinet restated a “buy” rating on shares of Amazon.com in a research note on Friday, June 2nd. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Amazon.com in a research note on Monday, May 29th. Finally, Needham & Company LLC restated a “buy” rating and set a $1,150.00 price objective on shares of Amazon.com in a research note on Monday. Five investment analysts have rated the stock with a hold rating and forty-six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $1,020.96.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,670 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $1,010.64, for a total transaction of $2,698,408.80. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $10,106,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Zapolsky sold 505 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $946.59, for a total transaction of $478,027.95. Following the transaction, the insider now owns 2,018 shares in the company, valued at approximately $1,910,218.62. The disclosure for this sale can be found here. Insiders have sold a total of 1,013,380 shares of company stock worth $953,846,866 in the last 90 days. 17.70% of the stock is currently owned by company insiders.
Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
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