Amazon.com, Inc. (AMZN) Shares Bought by Carlton Hofferkamp & Jenks Wealth Management LLC

Carlton Hofferkamp & Jenks Wealth Management LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,028 shares of the e-commerce giant’s stock after buying an additional 126 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Amazon.com were worth $995,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in AMZN. Meritage Portfolio Management boosted its holdings in Amazon.com by 21.6% during the first quarter. Meritage Portfolio Management now owns 24,546 shares of the e-commerce giant’s stock worth $21,761,000 after buying an additional 4,368 shares in the last quarter. Honkamp Krueger Financial Services Inc. lifted its holdings in shares of Amazon.com by 9.3% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 1,697 shares of the e-commerce giant’s stock valued at $1,504,000 after purchasing an additional 145 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of Amazon.com by 11.1% in the first quarter. Private Trust Co. NA now owns 3,235 shares of the e-commerce giant’s stock valued at $2,867,000 after purchasing an additional 323 shares in the last quarter. Stokes & Hubbell Capital Management LLC lifted its holdings in shares of Amazon.com by 2.2% in the first quarter. Stokes & Hubbell Capital Management LLC now owns 564 shares of the e-commerce giant’s stock valued at $500,000 after purchasing an additional 12 shares in the last quarter. Finally, Amarillo National Bank lifted its holdings in shares of Amazon.com by 2.5% in the first quarter. Amarillo National Bank now owns 1,212 shares of the e-commerce giant’s stock valued at $1,074,000 after purchasing an additional 30 shares in the last quarter. 60.80% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Andrew R. Jassy sold 1,985 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $986.12, for a total value of $1,957,448.20. Following the completion of the transaction, the chief executive officer now directly owns 81,479 shares in the company, valued at approximately $80,348,071.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $955.20, for a total value of $2,674,560.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $9,552,000. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,793 shares of company stock valued at $9,574,377. 17.70% of the stock is currently owned by company insiders.

Shares of Amazon.com, Inc. (AMZN) traded down 0.55% on Friday, hitting $986.79. 3,760,183 shares of the company’s stock traded hands. Amazon.com, Inc. has a 1-year low of $710.10 and a 1-year high of $1,083.31. The firm’s 50-day moving average price is $975.62 and its 200 day moving average price is $949.38. The company has a market cap of $474.03 billion, a price-to-earnings ratio of 250.96 and a beta of 1.47.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($1.00). The company had revenue of $37.96 billion during the quarter, compared to the consensus estimate of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The business’s revenue was up 24.8% compared to the same quarter last year. During the same period last year, the company earned $1.78 earnings per share. On average, equities research analysts expect that Amazon.com, Inc. will post $3.89 earnings per share for the current year.

AMZN has been the topic of several recent research reports. Deutsche Bank AG reaffirmed a “buy” rating on shares of Amazon.com in a report on Monday, June 12th. Loop Capital reaffirmed a “buy” rating on shares of Amazon.com in a report on Thursday, June 8th. Instinet reaffirmed a “buy” rating on shares of Amazon.com in a report on Friday, June 2nd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $1,150.00 price target on shares of Amazon.com in a report on Thursday, June 1st. Finally, Aegis reaffirmed a “buy” rating on shares of Amazon.com in a report on Monday, May 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, forty-six have issued a buy rating and two have issued a strong buy rating to the company’s stock. Amazon.com has an average rating of “Buy” and a consensus price target of $1,096.67.

WARNING: “Amazon.com, Inc. (AMZN) Shares Bought by Carlton Hofferkamp & Jenks Wealth Management LLC” was first reported by TrueBlueTribune and is owned by of TrueBlueTribune. If you are accessing this article on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The original version of this article can be viewed at https://www.truebluetribune.com/2017/09/17/amazon-com-inc-amzn-shares-bought-by-carlton-hofferkamp-jenks-wealth-management-llc.html.

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 Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

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

Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply