First Horizon Advisors Inc. Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

First Horizon Advisors Inc. lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 125,276 shares of the e-commerce giant’s stock after purchasing an additional 779 shares during the period. First Horizon Advisors Inc.’s holdings in Amazon.com were worth $16,331,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. State Street Corp lifted its position in Amazon.com by 1,869.1% during the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after acquiring an additional 310,134,486 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Amazon.com by 1,838.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after acquiring an additional 295,880,050 shares during the period. FMR LLC lifted its position in Amazon.com by 1,792.4% during the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after acquiring an additional 270,931,640 shares during the period. Moneta Group Investment Advisors LLC lifted its position in Amazon.com by 120,235.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock valued at $9,784,345,000 after acquiring an additional 116,383,502 shares during the period. Finally, Norges Bank purchased a new position in Amazon.com during the 4th quarter valued at about $8,263,591,000. 57.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 21,933 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $133.92, for a total value of $2,937,267.36. Following the completion of the transaction, the chief executive officer now directly owns 2,030,868 shares of the company’s stock, valued at approximately $271,973,842.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Brian T. Olsavsky sold 16,800 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $133.61, for a total value of $2,244,648.00. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $6,546,890. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 21,933 shares of the stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $133.92, for a total transaction of $2,937,267.36. Following the completion of the transaction, the chief executive officer now owns 2,030,868 shares in the company, valued at approximately $271,973,842.56. The disclosure for this sale can be found here. Insiders sold 112,089 shares of company stock valued at $15,479,976 in the last three months. 12.30% of the stock is owned by insiders.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $145.80 on Wednesday. The firm has a market capitalization of $1.51 trillion, a P/E ratio of 75.54, a PEG ratio of 1.94 and a beta of 1.17. The company has a quick ratio of 0.74, a current ratio of 0.98 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average price of $133.33 and a 200 day moving average price of $128.91. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $147.26.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AMZN. Tigress Financial lifted their price target on shares of Amazon.com from $204.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Barclays raised their price objective on shares of Amazon.com from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, October 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $175.00 price objective on shares of Amazon.com in a research note on Tuesday, October 17th. Susquehanna raised their price objective on shares of Amazon.com from $150.00 to $185.00 and gave the company a “positive” rating in a research note on Friday, August 4th. Finally, Benchmark raised their price objective on shares of Amazon.com from $130.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Two research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $168.93.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.