Franklin Street Advisors Inc. NC Has $50.10 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Franklin Street Advisors Inc. NC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.0% in the 1st quarter, according to its most recent disclosure with the 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 accounts for about 3.7% of Franklin Street Advisors Inc. NC’s investment portfolio, making the stock its 5th biggest holding. Franklin Street Advisors Inc. NC’s holdings in Amazon.com were worth $50,100,000 as of its most recent filing with the SEC.

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

Amazon.com Stock Up 2.0 %

Shares of NASDAQ AMZN opened at $197.20 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $2.05 trillion, a PE ratio of 55.24, a price-to-earnings-growth ratio of 1.38 and a beta of 1.15. The stock’s fifty day simple moving average is $183.87 and its two-hundred day simple moving average is $173.28. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $199.84.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.31 EPS. As a group, analysts expect that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on AMZN shares. Needham & Company LLC reiterated a “buy” rating and issued a $205.00 target price on shares of Amazon.com in a research report on Monday. Bank of America boosted their target price on Amazon.com from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. DA Davidson reiterated a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a research report on Thursday, April 18th. Citigroup boosted their target price on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, Robert W. Baird boosted their target price on Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research report on Friday, June 21st. One equities research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $215.86.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the sale, the chief executive officer now owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total value of $631,015.00. Following the completion of the sale, the chief executive officer now owns 509,358 shares of the company’s stock, valued at approximately $91,832,153.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the sale, the chief executive officer now directly 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 90 days, insiders have sold 66,548 shares of company stock valued at $12,180,239. 10.80% of the stock is currently owned by corporate insiders.

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.