Carlton Hofferkamp & Jenks Wealth Management LLC Has $1.81 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Carlton Hofferkamp & Jenks Wealth Management LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,051 shares of the e-commerce giant’s stock after acquiring an additional 39 shares during the period. Amazon.com comprises 1.1% of Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings, making the stock its 26th largest holding. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Amazon.com were worth $1,808,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. Thoroughbred Financial Services LLC boosted its position in shares of Amazon.com by 191,406.0% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 9,307,191 shares of the e-commerce giant’s stock worth $930,719,000 after acquiring an additional 9,302,331 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of Amazon.com by 3,787.4% during the 2nd quarter. Nuveen Asset Management LLC now owns 3,590,645 shares of the e-commerce giant’s stock worth $6,799,352,000 after acquiring an additional 3,498,279 shares in the last quarter. Viking Global Investors LP boosted its position in shares of Amazon.com by 157.6% during the 2nd quarter. Viking Global Investors LP now owns 802,837 shares of the e-commerce giant’s stock worth $1,520,276,000 after acquiring an additional 491,118 shares in the last quarter. Investec Asset Management LTD boosted its position in Amazon.com by 186.8% in the second quarter. Investec Asset Management LTD now owns 648,507 shares of the e-commerce giant’s stock valued at $430,045,000 after buying an additional 422,352 shares in the last quarter. Finally, BlackRock Inc. boosted its position in Amazon.com by 1.6% in the second quarter. BlackRock Inc. now owns 26,082,028 shares of the e-commerce giant’s stock valued at $49,389,711,000 after buying an additional 415,448 shares in the last quarter. Institutional investors and hedge funds own 55.71% of the company’s stock.

In related news, Director Indra K. Nooyi purchased 100 shares of the firm’s stock in a transaction on Friday, October 4th. The stock was purchased at an average cost of $1,726.06 per share, with a total value of $172,606.00. Following the completion of the purchase, the director now owns 250 shares in the company, valued at approximately $431,515. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 379 shares of Amazon.com stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,775.43, for a total transaction of $672,887.97. Following the completion of the sale, the vice president now directly owns 6,307 shares of the company’s stock, valued at $11,197,637.01. The disclosure for this sale can be found here. Insiders have sold 22,443 shares of company stock valued at $40,205,835 in the last three months. 16.10% of the stock is owned by insiders.

NASDAQ AMZN traded up $18.67 during mid-day trading on Friday, reaching $1,738.93. 1,945,508 shares of the stock were exchanged, compared to its average volume of 3,106,419. Amazon.com, Inc. has a one year low of $1,307.00 and a one year high of $2,035.80. The stock has a 50 day simple moving average of $1,776.47 and a 200-day simple moving average of $1,847.28. The stock has a market cap of $862.72 billion, a P/E ratio of 86.34, a P/E/G ratio of 2.17 and a beta of 1.54. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.10 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share for the quarter, missing analysts’ consensus estimates of $5.29 by ($0.07). Amazon.com had a return on equity of 26.27% and a net margin of 4.80%. The firm had revenue of $63.40 billion for the quarter, compared to the consensus estimate of $62.59 billion. During the same period in the prior year, the business earned $5.07 EPS. Amazon.com’s quarterly revenue was up 19.9% on a year-over-year basis. Sell-side analysts anticipate that Amazon.com, Inc. will post 24.01 EPS for the current fiscal year.

A number of analysts have weighed in on AMZN shares. Wells Fargo & Co raised their target price on shares of Amazon.com from $2,200.00 to $2,300.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. Raymond James set a $2,080.00 target price on shares of Amazon.com and gave the company an “outperform” rating in a research report on Friday, July 26th. Goldman Sachs Group restated a “buy” rating on shares of Amazon.com in a research report on Tuesday, September 24th. Pivotal Research restated a “buy” rating and issued a $2,615.00 target price (down previously from $2,750.00) on shares of Amazon.com in a research report on Friday, July 26th. Finally, MKM Partners restated a “buy” rating and issued a $2,350.00 target price (up previously from $2,240.00) on shares of Amazon.com in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and forty-one have given a buy rating to the stock. Amazon.com currently has a consensus rating of “Buy” and an average price target of $2,256.29.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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