Franklin Street Advisors Inc. NC Purchases 7,968 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Franklin Street Advisors Inc. NC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 300,745 shares of the e-commerce giant's stock after purchasing an additional 7,968 shares during the period. Amazon.com makes up 4.0% of Franklin Street Advisors Inc. NC's investment portfolio, making the stock its 4th biggest holding. Franklin Street Advisors Inc. NC's holdings in Amazon.com were worth $57,220,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Momentous Wealth Management Inc. acquired a new position in Amazon.com during the 4th quarter worth $749,000. Segall Bryant & Hamill LLC increased its stake in shares of Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after purchasing an additional 39,696 shares during the period. Bearing Point Capital LLC acquired a new position in shares of Amazon.com during the 4th quarter worth about $12,014,000. Evergreen Capital Management LLC boosted its stake in Amazon.com by 0.5% during the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock valued at $53,213,000 after purchasing an additional 1,198 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Amazon.com by 173.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock valued at $759,434,000 after acquiring an additional 2,196,353 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Up 2.8%

AMZN traded up $6.18 during mid-day trading on Friday, reaching $223.30. The stock had a trading volume of 119,087,933 shares, compared to its average volume of 42,161,408. The firm's fifty day simple moving average is $201.25 and its two-hundred day simple moving average is $209.02. The stock has a market capitalization of $2.37 trillion, a P/E ratio of 36.37, a P/E/G ratio of 1.64 and a beta of 1.33. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company's revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.98 EPS. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling

In other news, CEO Matthew S. Garman sold 20,923 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $24,050,626.20. This trade represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock valued at $20,531,075 over the last ninety days. Insiders own 9.70% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. DA Davidson cut their target price on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Morgan Stanley dropped their price objective on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Piper Sandler reiterated an "overweight" rating and issued a $212.00 target price (down previously from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. UBS Group restated a "buy" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Finally, Westpark Capital reaffirmed a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-five have given a buy rating to the stock. According to MarketBeat, Amazon.com has an average rating of "Moderate Buy" and a consensus price target of $245.81.

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.