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Franklin Street Advisors Inc. NC increased its holdings of shares of Amazon.com, Inc. (NASDAQ:AMZN – Free report) by 3.5% during the 4th quarter, according to its latest filing with the Securities and Exchange Commission (SEC). The institutional investor held 257,116 shares of the e-commerce giant after purchasing an additional 8,637 shares during the period. Amazon.com represents 3.2% of Franklin Street Advisors Inc. NC’s portfolio, making it the fifth largest position. Franklin Street Advisors Inc. NC’s holdings in Amazon.com were worth $39,066,000 when it last filed with the SEC.
Several other institutional investors have also changed their holdings in AMZN. State Street Corp increased its holdings in Amazon.com shares by 1,869.1% during the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after acquiring an additional 310,134,486 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Amazon.com by 1,838.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after purchasing an additional 295,880,050 shares during the last quarter. FMR LLC increased its stake in Amazon.com by 1,792.4% in the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after purchasing an additional 270,931,640 shares during the last quarter. Moneta Group Investment Advisors LLC increased its stakes in Amazon.com by 120,235.9% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock valued at $9,784,345,000 after purchasing an additional 116,383,502 shares during the last quarter. Finally, Norges Bank acquired a new position in Amazon.com in the 4th quarter, valued at $8,263,591,000. Institutional investors own 72.20% of the company’s shares.
Insider Activity
Furthermore, the CEO Adam Selipsky sold 500 shares of stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the sale, the CEO now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a legal filing with the SEC, available at this link. Along the same lines, Vice President Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, available at the SEC website. Also, the CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the sale, the CEO now directly owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. Disclosure of this sale can be found here. During the last quarter, insiders sold 32,213,510 shares of the company’s stock valued at $5,505,782,846. Company insiders own 12.30% of the company’s shares.
Analyst Rating Changes
A number of research analysts have commented on AMZN stock. Stifel Nicolaus increased their price target on Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $200.00 price target for shares of Amazon.com in a report on Wednesday, March 27th. Wells Fargo & Company increased their price objective on Amazon.com from $211.00 to $217.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Piper Sandler increased their price target on Amazon.com from $185.00 to $205.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Finally, DA Davidson increased their target price on Amazon.com from $195.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the stock. Based on MarketBeat data, Amazon.com has a consensus rating of “Buy” and a consensus target price of $198.09.
Check out our latest report on Amazon.com
Amazon.com Price Performance
Actions of AMZN opened at $185.07 Monday. The stock has a market cap of $1.92 trillion, a PE ratio of 63.82, a PEG ratio of 1.61, and a beta of 1.16. The company has a 50-day simple moving average of $173.82 and a two-hundred-day simple moving average of $153.34. The company has a quick ratio of 0.84, a current ratio of 1.05, and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 12-month low of $97.71 and a 12-month high of $186.27.
Amazon.com (NASDAQ:AMZN – Get a free report) last released its quarterly results on Thursday, February 1st. The e-commerce giant reported earnings per share of $1.00 for the quarter, beating the consensus estimate of $0.81 by $0.19. The company had revenue of $169.96 billion in the quarter, compared to $165.96 billion expected by analysts. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company’s quarterly revenue increased 13.9% on an annual basis. During the same quarter of the previous year, the company posted earnings per share of $0.21. Analysts predict that Amazon.com, Inc. will post earnings per share of 4.08 for the current fiscal year.
Amazon.com profile
Amazon.com, Inc engages in consumer product retailing, advertising and subscription services 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 Kindles, Fire tablets, Fire TVs, Echo, Ring, Blink and eero; and develops and produces media content.
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