Franklin Street Advisors Inc. NC Acquires 20,632 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Franklin Street Advisors Inc. NC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 277,748 shares of the e-commerce giant's stock after purchasing an additional 20,632 shares during the period. Amazon.com makes up 3.7% of Franklin Street Advisors Inc. NC's holdings, making the stock its 5th biggest holding. Franklin Street Advisors Inc. NC's holdings in Amazon.com were worth $50,100,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. ShoreHaven Wealth Partners LLC raised its stake in Amazon.com by 1.9% during the fourth quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant's stock worth $491,000 after purchasing an additional 60 shares during the period. O Dell Group LLC raised its stake in shares of Amazon.com by 0.5% in the 4th quarter. O Dell Group LLC now owns 13,581 shares of the e-commerce giant's stock valued at $2,064,000 after acquiring an additional 61 shares during the period. Measured Wealth Private Client Group LLC raised its stake in shares of Amazon.com by 2.5% in the 4th quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant's stock valued at $389,000 after acquiring an additional 62 shares during the period. Ballew Advisors Inc raised its stake in shares of Amazon.com by 1.5% in the 1st quarter. Ballew Advisors Inc now owns 4,248 shares of the e-commerce giant's stock valued at $790,000 after acquiring an additional 62 shares during the period. Finally, Socha Financial Group LLC raised its stake in shares of Amazon.com by 3.3% in the 4th quarter. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant's stock valued at $303,000 after acquiring an additional 63 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

NASDAQ:AMZN traded up $2.80 during trading hours on Tuesday, reaching $200.00. 44,904,640 shares of the company's stock were exchanged, compared to its average volume of 42,938,051. The firm has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 56.02, a P/E/G ratio of 1.38 and a beta of 1.15. The company has a 50-day moving average of $184.27 and a 200 day moving average of $173.63. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $200.43.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $142.65 billion. During the same quarter last year, the business earned $0.31 EPS. The business's revenue was up 12.5% on a year-over-year basis. Research analysts anticipate that Amazon.com, Inc. will post 4.72 EPS for the current year.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 4,710 shares of the firm's stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $195.00, for a total value of $918,450.00. Following the completion of the sale, the senior vice president now owns 59,500 shares in the company, valued at approximately $11,602,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP David Zapolsky sold 4,710 shares of the firm's stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $195.00, for a total value of $918,450.00. Following the completion of the sale, the senior vice president now owns 59,500 shares in the company, valued at approximately $11,602,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the firm's stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the sale, the chief executive officer now owns 131,600 shares of the company's stock, valued at approximately $24,214,400. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,548 shares of company stock worth $12,180,239. Company insiders own 10.80% of the company's stock.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of research analyst reports. Raymond James boosted their price target on shares of Amazon.com from $200.00 to $205.00 and gave the company a "strong-buy" rating in a research note on Wednesday, May 1st. Telsey Advisory Group boosted their price target on shares of Amazon.com from $200.00 to $215.00 and gave the company an "outperform" rating in a research note on Wednesday, May 1st. Roth Mkm reissued a "buy" rating and issued a $210.00 price target (up from $205.00) on shares of Amazon.com in a research note on Wednesday, May 1st. Bank of America increased their target price on shares of Amazon.com from $210.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday, June 26th. Finally, JMP Securities reiterated a "market outperform" rating and set a $225.00 target price on shares of Amazon.com in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $215.86.

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.