Franklin Street Advisors Inc. NC Has $64.23 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Franklin Street Advisors Inc. NC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 292,777 shares of the e-commerce giant's stock after selling 3,168 shares during the period. Amazon.com accounts for about 4.3% of Franklin Street Advisors Inc. NC's portfolio, making the stock its 5th biggest position. Franklin Street Advisors Inc. NC's holdings in Amazon.com were worth $64,232,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Avondale Wealth Management grew its holdings in Amazon.com by 2.7% in the fourth quarter. Avondale Wealth Management now owns 8,055 shares of the e-commerce giant's stock worth $1,767,000 after purchasing an additional 215 shares during the period. ORG Partners LLC boosted its position in shares of Amazon.com by 30.1% during the 4th quarter. ORG Partners LLC now owns 35,201 shares of the e-commerce giant's stock worth $7,723,000 after purchasing an additional 8,152 shares in the last quarter. Marotta Asset Management grew its stake in shares of Amazon.com by 1.6% in the 4th quarter. Marotta Asset Management now owns 10,534 shares of the e-commerce giant's stock valued at $2,320,000 after buying an additional 170 shares during the period. Fortitude Family Office LLC increased its position in Amazon.com by 7.2% in the 4th quarter. Fortitude Family Office LLC now owns 13,350 shares of the e-commerce giant's stock valued at $2,929,000 after buying an additional 901 shares in the last quarter. Finally, Watts Gwilliam & Co. LLC raised its stake in Amazon.com by 6.6% during the 4th quarter. Watts Gwilliam & Co. LLC now owns 35,320 shares of the e-commerce giant's stock worth $7,845,000 after buying an additional 2,178 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Price Performance

AMZN stock traded up $4.30 during mid-day trading on Wednesday, reaching $235.01. 41,375,972 shares of the company traded hands, compared to its average volume of 31,919,486. The company has a fifty day moving average price of $218.73 and a 200-day moving average price of $196.68. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $235.44. The company has a market capitalization of $2.47 trillion, a P/E ratio of 50.32, a P/E/G ratio of 1.26 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion during the quarter, compared to analysts' expectations of $157.28 billion. During the same quarter in the previous year, the company earned $0.85 earnings per share. Amazon.com's revenue for the quarter was up 11.0% on a year-over-year basis. As a group, analysts anticipate that Amazon.com, Inc. will post 5.39 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the transaction, the chief executive officer now owns 349,261 shares of the company's stock, valued at $69,918,559.59. This represents a 4.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now directly owns 24,912 shares of the company's stock, valued at $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. Corporate insiders own 10.80% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on AMZN. JMP Securities reissued a "market outperform" rating and issued a $285.00 price objective on shares of Amazon.com in a research note on Friday, January 10th. Rosenblatt Securities upped their price objective on shares of Amazon.com from $221.00 to $236.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Redburn Atlantic raised their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Needham & Company LLC reissued a "buy" rating and set a $250.00 target price on shares of Amazon.com in a research report on Tuesday. Finally, Jefferies Financial Group raised their price target on shares of Amazon.com from $235.00 to $275.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $247.72.

Amazon.com Company 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.