Amazon.com, Inc. (AMZN) Position Boosted by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,152 shares of the e-commerce giant’s stock after purchasing an additional 615 shares during the quarter. Amazon.com comprises about 2.1% of Franklin Street Advisors Inc. NC’s investment portfolio, making the stock its 11th biggest position. Franklin Street Advisors Inc. NC’s holdings in Amazon.com were worth $14,211,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMZN. Vanguard Group Inc. boosted its holdings in shares of Amazon.com by 2.9% in the second quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock valued at $26,003,758,000 after purchasing an additional 764,115 shares during the period. BlackRock Inc. lifted its holdings in Amazon.com by 2.4% during the second quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock worth $23,160,193,000 after buying an additional 554,990 shares during the period. Capital Research Global Investors lifted its holdings in Amazon.com by 0.4% during the second quarter. Capital Research Global Investors now owns 10,711,772 shares of the e-commerce giant’s stock worth $10,368,995,000 after buying an additional 40,068 shares during the period. TIAA CREF Investment Management LLC lifted its holdings in Amazon.com by 1.7% during the second quarter. TIAA CREF Investment Management LLC now owns 2,828,302 shares of the e-commerce giant’s stock worth $2,737,796,000 after buying an additional 46,800 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in Amazon.com by 2.7% during the second quarter. Ameriprise Financial Inc. now owns 2,071,370 shares of the e-commerce giant’s stock worth $2,005,838,000 after buying an additional 53,792 shares during the period. 60.21% of the stock is currently owned by institutional investors.

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In other Amazon.com news, CEO Jeffrey A. Wilke sold 500 shares of the business’s stock in a transaction on Wednesday, March 21st. The shares were sold at an average price of $1,577.85, for a total value of $788,925.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $15,778,500. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 544 shares of Amazon.com stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $1,462.32, for a total transaction of $795,502.08. Following the sale, the vice president now directly owns 6,533 shares of the company’s stock, valued at $9,553,336.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,214 shares of company stock valued at $9,251,120. Insiders own 17.70% of the company’s stock.

A number of research firms have weighed in on AMZN. Loop Capital set a $1,700.00 target price on Amazon.com and gave the stock a “buy” rating in a report on Wednesday. Argus lowered their target price on Amazon.com from $1,550.00 to $1,392.05 and set a “fair value” rating for the company in a report on Wednesday. Vetr upgraded Amazon.com from a “hold” rating to a “buy” rating and set a $1,655.33 price objective for the company in a report on Thursday, March 15th. Zacks Investment Research upgraded Amazon.com from a “hold” rating to a “strong-buy” rating and set a $1,578.00 price objective for the company in a report on Wednesday. Finally, JMP Securities reiterated a “neutral” rating and set a $1,600.00 price objective (up previously from $1,475.00) on shares of Amazon.com in a report on Friday, February 2nd. Four equities research analysts have rated the stock with a hold rating, forty-eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Amazon.com has a consensus rating of “Buy” and an average target price of $1,494.78.

Amazon.com stock traded down $46.52 during trading on Friday, hitting $1,405.23. The company had a trading volume of 5,882,257 shares, compared to its average volume of 6,661,481. Amazon.com, Inc. has a 1-year low of $884.49 and a 1-year high of $1,617.54. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.76 and a current ratio of 1.04. The company has a market capitalization of $702,802.63, a PE ratio of 308.84, a price-to-earnings-growth ratio of 6.38 and a beta of 1.59.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $0.31. The business had revenue of $60.45 billion during the quarter, compared to the consensus estimate of $59.85 billion. Amazon.com had a net margin of 1.71% and a return on equity of 9.23%. The company’s quarterly revenue was up 38.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.54 earnings per share. equities research analysts forecast that Amazon.com, Inc. will post 8.49 earnings per share for the current year.

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Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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

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