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

First Horizon Advisors Inc. raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 164,667 shares of the e-commerce giant’s stock after purchasing an additional 1,601 shares during the period. First Horizon Advisors Inc.’s holdings in Amazon.com were worth $31,330,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Western Wealth Management LLC lifted its holdings in shares of Amazon.com by 0.9% during the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock worth $26,660,000 after acquiring an additional 1,297 shares during the period. Momentous Wealth Management Inc. purchased a new position in shares of Amazon.com during the 4th quarter worth about $749,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Amazon.com during the 1st quarter worth about $514,000. Segall Bryant & Hamill LLC lifted its holdings in shares of Amazon.com by 14.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock worth $69,572,000 after acquiring an additional 39,696 shares during the period. Finally, Bearing Point Capital LLC acquired a new stake in Amazon.com during the 4th quarter worth approximately $12,014,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of the business’s stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the sale, the insider owned 883,779,901 shares in the company, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 25,102,037 shares of company stock worth $5,674,871,223 in the last quarter. 10.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research analyst reports. Benchmark reissued a “buy” rating and set a $260.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Royal Bank Of Canada dropped their target price on shares of Amazon.com from $235.00 to $230.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Cantor Fitzgerald upped their price target on Amazon.com from $240.00 to $260.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Oppenheimer upped their price target on Amazon.com from $215.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, June 20th. Finally, UBS Group restated a “buy” rating and issued a $271.00 price target (up previously from $249.00) on shares of Amazon.com in a report on Monday. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $254.71.

Amazon.com Stock Up 0.6%

AMZN stock opened at $232.79 on Tuesday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company’s 50 day simple moving average is $216.19 and its 200-day simple moving average is $208.82. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The firm has a market capitalization of $2.47 trillion, a P/E ratio of 37.91, a P/E/G ratio of 1.72 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last released its quarterly 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. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the previous year, the business earned $0.98 earnings per share. The firm’s revenue was up 8.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Amazon.com Company Profile

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.