Amazon.com, Inc. (NASDAQ:AMZN) is Folger Nolan Fleming Douglas Capital Management Inc.’s 8th Largest Position

Folger Nolan Fleming Douglas Capital Management Inc. reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 93,866 shares of the e-commerce giant’s stock after selling 8,518 shares during the period. Amazon.com accounts for 2.2% of Folger Nolan Fleming Douglas Capital Management Inc.’s investment portfolio, making the stock its 8th biggest holding. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Amazon.com were worth $20,593,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of AMZN. Retirement Wealth Solutions LLC bought a new stake in shares of Amazon.com in the 4th quarter valued at approximately $289,000. Brooklyn Investment Group lifted its stake in Amazon.com by 9.9% in the fourth quarter. Brooklyn Investment Group now owns 60,514 shares of the e-commerce giant’s stock valued at $13,276,000 after acquiring an additional 5,464 shares during the last quarter. Defined Wealth Management LLC grew its position in Amazon.com by 6.4% in the fourth quarter. Defined Wealth Management LLC now owns 3,053 shares of the e-commerce giant’s stock worth $670,000 after acquiring an additional 183 shares in the last quarter. 25 LLC increased its stake in shares of Amazon.com by 13.2% during the 4th quarter. 25 LLC now owns 5,620 shares of the e-commerce giant’s stock worth $1,233,000 after purchasing an additional 655 shares during the last quarter. Finally, Sax Wealth Advisors LLC bought a new position in shares of Amazon.com during the 4th quarter valued at $5,949,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Up 1.3 %

Shares of NASDAQ AMZN opened at $237.68 on Friday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $241.77. The firm’s 50-day simple moving average is $223.02 and its 200 day simple moving average is $198.55. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.50 trillion, a price-to-earnings ratio of 50.90, a price-to-earnings-growth ratio of 1.35 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS 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 business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the prior year, the firm earned $0.85 earnings per share. Amazon.com’s revenue was up 11.0% compared to the same quarter last year. On average, research analysts expect that Amazon.com, Inc. will post 5.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 5,502 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the sale, the chief executive officer now owns 518,911 shares of the company’s stock, valued at $106,797,072.91. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,027,340 shares of company stock worth $1,252,456,773. Insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Truist Financial increased their target price on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Evercore ISI raised their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Jefferies Financial Group boosted their target price on Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Loop Capital lifted their price target on shares of Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Oppenheimer upped their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-two 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 has a consensus rating of “Moderate Buy” and a consensus price target of $250.33.

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.