Amazon.com, Inc. (NASDAQ:AMZN) is Cullen Frost Bankers Inc.’s 3rd Largest Position

Cullen Frost Bankers Inc. reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,111,714 shares of the e-commerce giant’s stock after selling 19,548 shares during the period. Amazon.com accounts for approximately 2.5% of Cullen Frost Bankers Inc.’s holdings, making the stock its 3rd biggest holding. Cullen Frost Bankers Inc.’s holdings in Amazon.com were worth $141,321,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Meridian Investment Counsel Inc. lifted its position in shares of Amazon.com by 3.4% during the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after acquiring an additional 5 shares during the last quarter. Alterna Wealth Management Inc. lifted its position in shares of Amazon.com by 1.8% during the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after acquiring an additional 5 shares during the last quarter. Fiduciary Planning LLC lifted its position in shares of Amazon.com by 1.5% during the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after acquiring an additional 5 shares during the last quarter. HBC Financial Services PLLC lifted its position in shares of Amazon.com by 0.8% during the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after acquiring an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners lifted its position in shares of Amazon.com by 3.7% during the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after acquiring an additional 6 shares during the last quarter. 57.96% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Adam Selipsky sold 10,756 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $144.60, for a total value of $1,555,317.60. Following the completion of the transaction, the chief executive officer now directly owns 117,904 shares of the company’s stock, valued at approximately $17,048,918.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Andrew R. Jassy sold 21,933 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $142.66, for a total value of $3,128,961.78. Following the sale, the chief executive officer now directly owns 2,064,055 shares of the company’s stock, valued at approximately $294,458,086.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 10,756 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $144.60, for a total transaction of $1,555,317.60. Following the completion of the sale, the chief executive officer now directly owns 117,904 shares in the company, valued at $17,048,918.40. The disclosure for this sale can be found here. Insiders sold 61,829 shares of company stock valued at $8,885,713 in the last quarter. Company insiders own 12.70% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of recent research reports. Benchmark increased their price objective on Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Sanford C. Bernstein increased their target price on Amazon.com from $175.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Telsey Advisory Group increased their target price on Amazon.com from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Evercore ISI increased their target price on Amazon.com from $195.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, Oppenheimer increased their target price on Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $197.95.

Get Our Latest Stock Report on Amazon.com

Amazon.com Stock Performance

AMZN stock opened at $169.15 on Wednesday. The company has a 50 day moving average price of $152.91 and a 200 day moving average price of $141.39. The stock has a market capitalization of $1.75 trillion, a PE ratio of 58.33, a price-to-earnings-growth ratio of 1.62 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $88.12 and a fifty-two week high of $172.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. During the same quarter in the previous year, the business earned $0.21 EPS. The firm’s revenue was up 13.9% on a year-over-year basis. Analysts forecast that Amazon.com, Inc. will post 3.72 EPS for the current year.

Amazon.com Company Profile

(Free Report)

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

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

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