Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Increased by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 277,748 shares of the e-commerce giant’s stock after buying an additional 20,632 shares during the quarter. Amazon.com comprises approximately 3.7% of Franklin Street Advisors Inc. NC’s portfolio, making the stock its 5th largest position. Franklin Street Advisors Inc. NC’s holdings in Amazon.com were worth $50,100,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com during the 4th quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. raised its position in Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares during the period. Strid Group LLC purchased a new stake in Amazon.com in the fourth quarter valued at approximately $43,000. Clarity Asset Management Inc. purchased a new stake in Amazon.com in the fourth quarter valued at approximately $46,000. Finally, Steph & Co. purchased a new stake in Amazon.com in the first quarter valued at approximately $65,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of research analyst reports. Maxim Group cut their target price on Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Moffett Nathanson reissued a “buy” rating and issued a $228.00 target price on shares of Amazon.com in a research report on Thursday, April 11th. Wedbush reissued an “outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. Bank of America upped their price objective on Amazon.com from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Finally, Barclays upped their price objective on Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $215.86.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $197.20 on Tuesday. The company has a 50-day simple moving average of $183.87 and a 200-day simple moving average of $173.28. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $199.84. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The stock has a market capitalization of $2.05 trillion, a price-to-earnings ratio of 55.24, a PEG ratio of 1.38 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. During the same period last year, the firm earned $0.31 EPS. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, analysts predict that Amazon.com, Inc. will post 4.72 EPS for the current year.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the transaction, the chief executive officer now directly owns 130,600 shares in the company, valued at approximately $23,688,228. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the transaction, the chief executive officer now directly owns 130,600 shares in the company, valued at approximately $23,688,228. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $181.44, for a total value of $3,771,048.96. Following the transaction, the chief executive officer now owns 2,025,358 shares of the company’s stock, valued at $367,480,955.52. The disclosure for this sale can be found here. Insiders sold 66,548 shares of company stock worth $12,180,239 in the last ninety days. Insiders own 10.80% of the company’s stock.

Amazon.com Profile

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.