Franklin Street Advisors Inc. NC Decreases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Franklin Street Advisors Inc. NC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 292,777 shares of the e-commerce giant’s stock after selling 3,168 shares during the quarter. Amazon.com accounts for 4.3% of Franklin Street Advisors Inc. NC’s holdings, making the stock its 5th largest holding. Franklin Street Advisors Inc. NC’s holdings in Amazon.com were worth $64,232,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Stelac Advisory Services LLC boosted its position in Amazon.com by 3.4% in the second quarter. Stelac Advisory Services LLC now owns 4,924 shares of the e-commerce giant’s stock valued at $952,000 after buying an additional 164 shares in the last quarter. Smith Salley Wealth Management boosted its position in Amazon.com by 6.7% in the second quarter. Smith Salley Wealth Management now owns 235,717 shares of the e-commerce giant’s stock valued at $45,552,000 after buying an additional 14,769 shares in the last quarter. Braun Stacey Associates Inc. boosted its position in Amazon.com by 2.3% in the second quarter. Braun Stacey Associates Inc. now owns 524,412 shares of the e-commerce giant’s stock valued at $101,342,000 after buying an additional 11,570 shares in the last quarter. Callahan Advisors LLC boosted its position in Amazon.com by 2.7% in the second quarter. Callahan Advisors LLC now owns 206,272 shares of the e-commerce giant’s stock valued at $39,862,000 after buying an additional 5,350 shares in the last quarter. Finally, Lawson Kroeker Investment Management Inc. NE acquired a new stake in Amazon.com in the second quarter valued at approximately $464,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Trading Up 2.1 %

Shares of AMZN stock opened at $230.71 on Wednesday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $233.00. 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 company has a 50-day simple moving average of $218.30 and a two-hundred day simple moving average of $196.47. The company has a market capitalization of $2.43 trillion, a price-to-earnings ratio of 49.40, a PEG ratio of 1.26 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the prior year, the firm posted $0.85 EPS. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. Research analysts anticipate that Amazon.com, Inc. will post 5.39 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on AMZN shares. Maxim Group lifted their price target on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Wedbush lifted their price target on shares of Amazon.com from $250.00 to $260.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. Pivotal Research started coverage on shares of Amazon.com in a report on Friday, October 11th. They set a “buy” rating and a $260.00 price target on the stock. Evercore ISI lifted their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Piper Sandler lifted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $246.85.

Insiders Place Their Bets

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. Corporate insiders own 10.80% of the company’s stock.

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.