First Dallas Securities Inc. Has $5.26 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

First Dallas Securities Inc. lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,238 shares of the e-commerce giant's stock after purchasing an additional 3,140 shares during the quarter. Amazon.com comprises 2.2% of First Dallas Securities Inc.'s portfolio, making the stock its 9th largest position. First Dallas Securities Inc.'s holdings in Amazon.com were worth $5,262,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Rench Wealth Management Inc. grew its holdings in Amazon.com by 7.9% during the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock worth $9,392,000 after acquiring an additional 3,703 shares during the period. Foundations Investment Advisors LLC lifted its position in shares of Amazon.com by 9.7% during the 3rd quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant's stock valued at $34,395,000 after acquiring an additional 16,392 shares during the last quarter. Umpqua Bank lifted its holdings in shares of Amazon.com by 0.4% during the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant's stock valued at $6,544,000 after purchasing an additional 137 shares during the last quarter. Washington Trust Advisors Inc. increased its stake in Amazon.com by 0.4% in the 3rd quarter. Washington Trust Advisors Inc. now owns 225,254 shares of the e-commerce giant's stock worth $41,972,000 after purchasing an additional 982 shares in the last quarter. Finally, Sassicaia Capital Advisers LLC purchased a new position in shares of Amazon.com in the third quarter worth approximately $279,000. Institutional investors own 72.20% of the company's stock.

Insiders Place Their Bets

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the transaction, the insider now owns 917,416,976 shares in the company, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction that occurred on 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 of the company's stock, 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 sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is owned by corporate insiders.

Amazon.com Price Performance

NASDAQ AMZN traded down $1.51 on Thursday, reaching $221.84. 14,305,120 shares of the company's stock traded hands, compared to its average volume of 28,051,504. The stock has a market cap of $2.33 trillion, a PE ratio of 47.47, a P/E/G ratio of 1.22 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 12 month low of $149.91 and a 12 month high of $233.00. The stock has a 50-day simple moving average of $217.02 and a 200 day simple moving average of $195.74.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analysts' expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.85 earnings per share. As a group, research analysts predict that Amazon.com, Inc. will post 5.38 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Moffett Nathanson raised their target price on Amazon.com from $235.00 to $248.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. HSBC raised their price target on shares of Amazon.com from $225.00 to $270.00 and gave the stock a "buy" rating in a report on Monday. Pivotal Research assumed coverage on shares of Amazon.com in a research report on Friday, October 11th. They issued a "buy" rating and a $260.00 target price for the company. Robert W. Baird boosted their price target on shares of Amazon.com from $220.00 to $260.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $230.00 price objective on shares of Amazon.com in a research report on Monday, October 7th. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and an average target price of $245.65.

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.