Amazon.com, Inc. (NASDAQ:AMZN) is Franchise Capital Ltd’s 9th Largest Position

Franchise Capital Ltd raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 33.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,959 shares of the e-commerce giant’s stock after acquiring an additional 16,079 shares during the quarter. Amazon.com makes up 3.1% of Franchise Capital Ltd’s investment portfolio, making the stock its 9th largest position. Franchise Capital Ltd’s holdings in Amazon.com were worth $7,227,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Iron Horse Wealth Management LLC boosted its stake in shares of Amazon.com by 4,540.0% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 227 shares during the last quarter. Wells Financial Advisors INC boosted its stake in shares of Amazon.com by 1,900.0% during the 2nd quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock worth $30,000 after purchasing an additional 266 shares during the last quarter. Knott David M Jr acquired a new stake in shares of Amazon.com during the 2nd quarter worth about $32,000. Laurel Wealth Planning LLC boosted its stake in shares of Amazon.com by 1,900.0% during the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 304 shares during the last quarter. Finally, Baron Financial Group LLC boosted its stake in shares of Amazon.com by 1,900.0% during the 2nd quarter. Baron Financial Group LLC now owns 360 shares of the e-commerce giant’s stock worth $38,000 after purchasing an additional 342 shares during the last quarter. 57.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMZN has been the topic of several analyst reports. Benchmark raised their price target on shares of Amazon.com from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. Barclays raised their target price on shares of Amazon.com from $130.00 to $150.00 in a research report on Friday, February 3rd. Tigress Financial reissued a “buy” rating and issued a $192.00 target price on shares of Amazon.com in a research report on Thursday, February 9th. Evercore ISI raised their target price on shares of Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. Finally, Wells Fargo & Company decreased their target price on shares of Amazon.com from $155.00 to $145.00 in a research report on Friday, February 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.87.

Insider Activity

In other news, CEO Adam Selipsky sold 5,100 shares of the business’s stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the transaction, the chief executive officer now owns 124,180 shares of the company’s stock, valued at $13,837,377.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Andrew R. Jassy sold 23,874 shares of the company’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $99.15, for a total value of $2,367,107.10. Following the completion of the sale, the chief executive officer now owns 1,964,506 shares of the company’s stock, valued at $194,780,769.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 5,100 shares of the company’s stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the sale, the chief executive officer now directly owns 124,180 shares of the company’s stock, valued at approximately $13,837,377.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 71,394 shares of company stock valued at $6,994,626. 12.70% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

Shares of AMZN opened at $94.88 on Wednesday. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $170.83. The company has a market cap of $972.26 billion, a price-to-earnings ratio of -351.41, a price-to-earnings-growth ratio of 3.74 and a beta of 1.25. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 0.94. The firm has a fifty day moving average of $96.20 and a 200-day moving average of $101.99.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.12). Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The firm had revenue of $149.20 billion for the quarter, compared to analyst estimates of $145.72 billion. During the same period last year, the firm posted $1.39 EPS. The business’s revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts anticipate that Amazon.com, Inc. will post 1.34 earnings per share for the current year.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.