Folger Nolan Fleming Douglas Capital Management Inc. Has $19.41 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Folger Nolan Fleming Douglas Capital Management Inc. lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,587 shares of the e-commerce giant’s stock after purchasing an additional 104 shares during the quarter. Amazon.com comprises approximately 2.0% of Folger Nolan Fleming Douglas Capital Management Inc.’s holdings, making the stock its 10th largest position. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Amazon.com were worth $19,407,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Collective Family Office LLC boosted its stake in Amazon.com by 9.7% during the 1st quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock valued at $1,674,000 after purchasing an additional 819 shares during the last quarter. Members Trust Co boosted its position in shares of Amazon.com by 8.9% during the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000 after buying an additional 341 shares during the last quarter. Cherrydale Wealth Management LLC increased its holdings in Amazon.com by 14.7% in the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after buying an additional 675 shares in the last quarter. Tompkins Financial Corp raised its position in Amazon.com by 3.3% in the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after buying an additional 2,273 shares during the last quarter. Finally, Nicholas Company Inc. lifted its stake in Amazon.com by 3.9% during the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after acquiring an additional 26,465 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 2,700 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $21,726,894.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, VP Shelley Reynolds sold 2,700 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $21,726,894.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $180.73, for a total value of $632,555.00. Following the completion of the transaction, the chief executive officer now directly owns 512,858 shares of the company’s stock, valued at approximately $92,688,826.34. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,338 shares of company stock valued at $11,894,344. 10.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

AMZN has been the subject of several research reports. Argus boosted their price objective on shares of Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Stifel Nicolaus boosted their target price on shares of Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Telsey Advisory Group raised their price target on Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Benchmark reissued a “buy” rating and issued a $200.00 target price on shares of Amazon.com in a report on Wednesday, May 1st. Finally, Needham & Company LLC restated a “buy” rating and set a $205.00 price target on shares of Amazon.com in a research note on Wednesday, May 15th. One equities research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $215.74.

Amazon.com Stock Performance

Amazon.com stock opened at $193.61 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The company has a market capitalization of $2.01 trillion, a PE ratio of 54.23, a P/E/G ratio of 1.33 and a beta of 1.14. The company has a 50 day moving average price of $182.88 and a 200-day moving average price of $172.28. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $194.80.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 earnings per share. As a group, equities analysts forecast that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

About Amazon.com

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.