Franklin Street Advisors Inc. NC Acquires 3,523 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Franklin Street Advisors Inc. NC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 295,945 shares of the e-commerce giant’s stock after purchasing an additional 3,523 shares during the period. Amazon.com accounts for approximately 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 $55,143,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in AMZN. PayPay Securities Corp increased its position in shares of Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after acquiring an additional 64 shares during the period. Hoese & Co LLP acquired a new stake in Amazon.com during the 3rd quarter worth about $37,000. Christopher J. Hasenberg Inc grew its position in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. acquired a new stake in Amazon.com during the 1st quarter worth about $69,000. Finally, Innealta Capital LLC acquired a new stake in Amazon.com during the 2nd quarter worth about $77,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on AMZN. Susquehanna increased their price target on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. The Goldman Sachs Group increased their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. DA Davidson reissued a “buy” rating and set a $235.00 target price on shares of Amazon.com in a research note on Thursday, October 10th. UBS Group increased their target price on shares of Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, Stifel Nicolaus increased their target price on shares of Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $234.55.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,859 shares of company stock valued at $10,215,097 in the last 90 days. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 1.4 %

Amazon.com stock opened at $210.05 on Friday. Amazon.com, Inc. has a fifty-two week low of $139.52 and a fifty-two week high of $212.25. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The firm has a 50 day moving average price of $186.48 and a 200 day moving average price of $184.23. The company has a market capitalization of $2.21 trillion, a PE ratio of 44.98, a price-to-earnings-growth ratio of 1.34 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share 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 firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter last year, the firm earned $0.85 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. Research analysts expect that Amazon.com, Inc. will post 5.16 earnings per share for the current year.

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.