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

Carlton Hofferkamp & Jenks Wealth Management LLC lowered its stake in shares of Amazon.com, Inc. ( NASDAQ:AMZN ) by 0.

9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,150 shares of the e-commerce giant’s stock after selling 169 shares during the period. Amazon.



com accounts for approximately 1.6% of Carlton Hofferkamp & Jenks Wealth Management LLC’s portfolio, making the stock its 19th biggest holding. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Amazon.

com were worth $4,286,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. State of Michigan Retirement System boosted its position in Amazon.

com by 3.3% during the fourth quarter. State of Michigan Retirement System now owns 3,147,820 shares of the e-commerce giant’s stock worth $690,600,000 after acquiring an additional 101,000 shares during the last quarter.

James Reed Financial Services Inc. purchased a new position in shares of Amazon.com during the 4th quarter worth $205,000.

Tacita Capital Inc boosted its holdings in shares of Amazon.com by 154.1% during the fourth quarter.

Tacita Capital Inc now owns 343 shares of the e-commerce giant’s stock worth $75,000 after purchasing an additional 208 shares during the last quarter. Bedel Financial Consulting Inc. grew its position in shares of Amazon.

com by 4.5% in the fourth quarter. Bedel Financial Consulting Inc.

now owns 13,356 shares of the e-commerce giant’s stock valued at $3,154,000 after purchasing an additional 577 shares during the period. Finally, WMG Financial Advisors LLC increased its stake in Amazon.com by 6.

0% in the fourth quarter. WMG Financial Advisors LLC now owns 9,448 shares of the e-commerce giant’s stock valued at $2,073,000 after purchasing an additional 537 shares during the last quarter. Hedge funds and other institutional investors own 72.

20% of the company’s stock. Wall Street Analysts Forecast Growth A number of analysts have issued reports on the company. Wells Fargo & Company decreased their price target on Amazon.

com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 25th.

Telsey Advisory Group reiterated an “outperform” rating and set a $275.00 price objective on shares of Amazon.com in a report on Friday, February 7th.

Cantor Fitzgerald restated an “overweight” rating and issued a $270.00 target price on shares of Amazon.com in a report on Friday, February 7th.

JPMorgan Chase & Co. upped their price target on shares of Amazon.com from $250.

00 to $280.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Finally, Barclays lifted their price target on shares of Amazon.

com from $235.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, February 7th.

Two investment analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $260.

53. Amazon.com Stock Performance Shares of Amazon.

com stock opened at $178.41 on Friday. The company has a debt-to-equity ratio of 0.

18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com, Inc. has a 1 year low of $151.

61 and a 1 year high of $242.52. The firm’s 50-day simple moving average is $213.

46 and its 200-day simple moving average is $209.01. The firm has a market cap of $1.

89 trillion, a PE ratio of 32.26, a price-to-earnings-growth ratio of 1.50 and a beta of 1.

19. Amazon.com ( NASDAQ:AMZN – Get Free Report ) last announced its quarterly earnings data on Thursday, February 6th.

The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.

34. Amazon.com had a return on equity of 24.

25% and a net margin of 9.29%. Equities analysts forecast that Amazon.

com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling In other news, CEO Douglas J. Herrington sold 5,501 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.

44, for a total value of $1,256,648.44. Following the transaction, the chief executive officer now directly owns 505,318 shares in the company, valued at approximately $115,434,843.

92. This trade represents a 1.08 % decrease in their position.

The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website . Also, CFO Brian T. Olsavsky sold 14,620 shares of the business’s stock in a transaction dated Friday, February 21st.

The shares were sold at an average price of $223.14, for a total transaction of $3,262,306.80.

Following the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $10,933,860. This represents a 22.98 % decrease in their position.

The disclosure for this sale can be found here . Insiders have sold 104,798 shares of company stock worth $23,341,803 over the last ninety days. 10.

80% of the stock is owned by insiders. Amazon.com Company Profile ( Free Report ) 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.

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