Franklin Street Advisors Inc. NC Has $65.91 Million Stock Holdings in Amazon.com, Inc. $AMZN

Franklin Street Advisors Inc. NC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 300,440 shares of the e-commerce giant’s stock after selling 305 shares during the quarter. Amazon.com makes up approximately 4.1% of Franklin Street Advisors Inc. NC’s portfolio, making the stock its 4th largest holding. Franklin Street Advisors Inc. NC’s holdings in Amazon.com were worth $65,914,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Carderock Capital Management Inc. purchased a new stake in shares of Amazon.com in the second quarter worth about $27,000. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com in the first quarter worth about $36,000. Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com in the first quarter worth about $40,000. Maryland Capital Advisors Inc. lifted its holdings in shares of Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 95 shares in the last quarter. Finally, Capitol Family Office Inc. purchased a new stake in shares of Amazon.com in the first quarter worth about $42,000. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company raised shares of Amazon.com from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $245.00 to $280.00 in a report on Wednesday, September 24th. Pivotal Research increased their price target on shares of Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Bank of America increased their price target on shares of Amazon.com from $265.00 to $272.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Citizens Jmp assumed coverage on shares of Amazon.com in a report on Thursday, July 10th. They issued a “strong-buy” rating on the stock. Finally, Sanford C. Bernstein set a $235.00 price target on shares of Amazon.com and gave the stock an “outperform” rating in a report on Tuesday, July 1st. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $266.26.

Insider Activity

In other Amazon.com news, CEO Matthew S. Garman sold 17,785 shares of Amazon.com stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the transaction, the chief executive officer directly owned 3,138 shares of the company’s stock, valued at approximately $695,286.66. This trade represents a 85.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the transaction, the insider directly owned 883,779,901 shares in the company, valued at $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 6,591,479 shares of company stock valued at $1,512,698,663. Insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 0.7%

Shares of AMZN opened at $213.04 on Monday. The firm’s 50 day simple moving average is $225.66 and its 200 day simple moving average is $212.88. The company has a market capitalization of $2.27 trillion, a P/E ratio of 32.48, a P/E/G ratio of 1.41 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. Amazon.com’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the firm posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.