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.
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, 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.
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