Franklin Street Advisors Inc. NC has a $50.10 million stake in Amazon.com, Inc. (NASDAQ:AMZN)

Franklin Street Advisors Inc. NC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.0% in the 1st quarter, according to its latest SEC filing. The firm now owns 277,748 shares of the e-commerce giant after purchasing an additional 20,632 shares during the period. Amazon.com makes up about 3.7% of Franklin Street Advisors Inc. NC’s investment portfolio, making it the 5th-largest stock. Franklin Street Advisors Inc. NC’s stake in Amazon.com was worth $50.1 million, according to its latest SEC filing.

Other hedge funds also recently changed their positions in the company. Collective Family Office LLC increased 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 increased 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 increased 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. increased 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. increased 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 shares up 2.0%

NASDAQ AMZN stock opened at $197.20 on Tuesday. The company has a current ratio of 1.07, a current ratio of 0.87 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $2.05 trillion, a P/E ratio of 55.24, a price-to-earnings-to-growth ratio of 1.38 and a beta of 1.15. The stock’s fifty day simple moving average is $183.87, and a 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 – Get Free Report) last announced its financial results on Tuesday, April 30. 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 company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com reported a return on equity of 19.86% and a net margin of 6.38%. The company’s revenue increased 12.5% year-over-year for the quarter. During the same quarter last year, the company earned $0.31 EPS. As a group, analysts expect Amazon.com, Inc. to post 4.72 EPS for the current fiscal year.

Wall Street analysts assess

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

Read our latest research report on Amazon.com

Insider Buying and Selling on Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 4. The shares were sold at an average price of $184.00, for a total transaction value of $92,000.00. Following the sale, the CEO now owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The sale was disclosed in legal documents filed 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 company’s stock in a transaction on Wednesday, May 1. The shares were sold at an average price of $180.29, for a total transaction value of $631,015.00. Following the completion of the sale, the CEO now owns 509,358 shares of the company’s stock, valued at approximately $91,832,153.82. The transaction was disclosed in legal documents filed with the Securities and Exchange Commission, which can be accessed through the SEC’s website. Additionally, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 4. The shares were sold at an average price of $184.00, for a total of $92,000.00. Following the completion of the sale, the CEO now directly owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. Disclosure of this sale can be found here. Over the last 90 days, insiders have sold 66,548 shares of the company’s stock valued at $12,180,239. Insiders currently own 10.80% of the stock.

About Amazon.com

(Free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. The company operates in three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink, and eero; and develops and produces multimedia content.

Amazon.com shares up 2.0%

Wall Street analysts assess

Insider Buying and Selling on Amazon.com

About Amazon.com

See also