Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Boosted by Franklin Resources Inc.

Franklin Resources Inc. boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,205,506 shares of the e-commerce giant's stock after buying an additional 48,966 shares during the quarter. Amazon.com makes up approximately 2.9% of Franklin Resources Inc.'s investment portfolio, making the stock its 4th biggest holding. Franklin Resources Inc. owned about 0.45% of Amazon.com worth $10,356,415,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Accordant Advisory Group Inc lifted its stake in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after buying an additional 100 shares during the period. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com during the fourth quarter worth $27,000. Icon Wealth Advisors LLC lifted its stake in shares of Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock worth $28,000 after buying an additional 25,581 shares during the period. Quattro Financial Advisors LLC lifted its position in Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after purchasing an additional 45 shares during the period. Finally, Compass Planning Associates Inc acquired a new position in Amazon.com during the fourth quarter valued at $51,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares of the company's stock, valued at $95,776,017.26. This trade represents a 0.49 % 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, CFO Brian T. Olsavsky sold 14,620 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $223.14, for a total value of $3,262,306.80. Following the sale, the chief financial officer now directly owns 49,000 shares of the company's stock, valued at approximately $10,933,860. This trade represents a 22.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,798 shares of company stock valued at $23,341,803 over the last quarter. 10.80% of the stock is owned by insiders.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $184.42 on Thursday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a market cap of $1.96 trillion, a price-to-earnings ratio of 33.35, a PEG ratio of 1.50 and a beta of 1.39. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The business's 50 day moving average price is $191.39 and its 200 day moving average price is $207.74.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research reports. Bank of America decreased their target price on shares of Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Rosenblatt Securities boosted their target price on shares of Amazon.com from $236.00 to $287.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Maxim Group boosted their target price on shares of Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Oppenheimer decreased their target price on shares of Amazon.com from $260.00 to $220.00 and set an "outperform" rating for the company in a research report on Monday. Finally, Wells Fargo & Company decreased their target price on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $246.50.

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.

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