FinTrust Capital Advisors LLC Raises Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

FinTrust Capital Advisors LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 10.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,342 shares of the e-commerce giant’s stock after purchasing an additional 2,417 shares during the period. Amazon.com makes up 0.8% of FinTrust Capital Advisors LLC’s holdings, making the stock its 27th biggest holding. FinTrust Capital Advisors LLC’s holdings in Amazon.com were worth $3,851,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AMZN. Norges Bank acquired a new position in Amazon.com during the 4th quarter worth approximately $17,700,551,000. Vanguard Group Inc. grew its holdings in Amazon.com by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after acquiring an additional 32,038,029 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Amazon.com by 16,029.3% during the 4th quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock worth $36,260,810,000 after acquiring an additional 23,717,254 shares in the last quarter. FMR LLC grew its holdings in Amazon.com by 7.7% during the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after acquiring an additional 21,649,871 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in Amazon.com during the 3rd quarter worth approximately $610,138,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMZN has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. JMP Securities restated a “market outperform” rating and issued a $225.00 target price on shares of Amazon.com in a report on Wednesday, May 1st. Benchmark restated a “buy” rating and issued a $200.00 target price on shares of Amazon.com in a report on Wednesday, May 1st. Stifel Nicolaus upped their target price on shares of Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, Robert W. Baird upped their target price on shares of Amazon.com from $205.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $213.82.

Get Our Latest Report on Amazon.com

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the sale, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the sale, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the sale, the chief executive officer now directly owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The disclosure for this sale can be found here. Over the last three months, insiders sold 65,838 shares of company stock valued at $11,984,344. 10.80% of the stock is owned by insiders.

Amazon.com Stock Up 1.5 %

Shares of NASDAQ:AMZN opened at $187.06 on Tuesday. The business’s 50 day simple moving average is $182.66 and its two-hundred day simple moving average is $169.27. The firm has a market cap of $1.95 trillion, a P/E ratio of 52.40, a PEG ratio of 1.32 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $191.70.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same quarter in the prior year, the company earned $0.31 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. As a group, research analysts forecast that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Amazon.com Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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