Folger Nolan Fleming Douglas Capital Management Inc. Buys 166 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Folger Nolan Fleming Douglas Capital Management Inc. boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,500 shares of the e-commerce giant’s stock after purchasing an additional 166 shares during the quarter. Amazon.com comprises 1.7% of Folger Nolan Fleming Douglas Capital Management Inc.’s portfolio, making the stock its 14th largest holding. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Amazon.com were worth $13,923,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in AMZN. Itau Unibanco Holding S.A. boosted its position in Amazon.com by 106,580.3% during the fourth quarter. Itau Unibanco Holding S.A. now owns 7,555,096 shares of the e-commerce giant’s stock worth $13,483,000 after purchasing an additional 7,548,014 shares during the period. Norges Bank bought a new stake in shares of Amazon.com in the fourth quarter valued at approximately $14,877,308,000. Morgan Stanley boosted its position in shares of Amazon.com by 28.3% in the fourth quarter. Morgan Stanley now owns 6,252,720 shares of the e-commerce giant’s stock valued at $20,364,676,000 after acquiring an additional 1,377,328 shares during the period. Clarus Group Inc. boosted its position in shares of Amazon.com by 35,361.0% in the first quarter. Clarus Group Inc. now owns 250,000 shares of the e-commerce giant’s stock valued at $1,006,000 after acquiring an additional 249,295 shares during the period. Finally, Bank of Nova Scotia boosted its position in shares of Amazon.com by 69.5% in the first quarter. Bank of Nova Scotia now owns 548,048 shares of the e-commerce giant’s stock valued at $1,695,701,000 after acquiring an additional 224,705 shares during the period. 57.05% of the stock is owned by hedge funds and other institutional investors.

AMZN opened at $3,349.65 on Friday. The stock has a fifty day moving average price of $3,289.65. The company has a current ratio of 1.05, a quick ratio of 0.85 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $1.69 trillion, a price-to-earnings ratio of 63.74, a PEG ratio of 2.00 and a beta of 1.15. Amazon.com, Inc. has a twelve month low of $2,503.35 and a twelve month high of $3,554.00.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Wednesday, April 28th. The e-commerce giant reported $15.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $9.54 by $6.25. The company had revenue of $108.52 billion for the quarter, compared to analyst estimates of $105.23 billion. Amazon.com had a net margin of 6.42% and a return on equity of 30.47%. Research analysts forecast that Amazon.com, Inc. will post 57.12 earnings per share for the current fiscal year.

In other Amazon.com news, CEO Jeffrey P. Bezos sold 109,945 shares of the stock in a transaction on Monday, May 3rd. The shares were sold at an average price of $3,459.88, for a total value of $380,396,506.60. Following the sale, the chief executive officer now directly owns 52,941,144 shares in the company, valued at $183,170,005,302.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 492 shares of the stock in a transaction on Friday, May 21st. The stock was sold at an average price of $3,250.00, for a total transaction of $1,599,000.00. Following the sale, the chief executive officer now directly owns 85,264 shares of the company’s stock, valued at approximately $277,108,000. The disclosure for this sale can be found here. Over the last quarter, insiders sold 131,040 shares of company stock worth $449,201,684. Company insiders own 14.00% of the company’s stock.

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus increased their price objective on Amazon.com from $4,000.00 to $4,400.00 and gave the company a “buy” rating in a research report on Friday, April 30th. MKM Partners raised their target price on Amazon.com from $3,975.00 to $4,075.00 in a research report on Friday, April 30th. Wells Fargo & Company raised their target price on Amazon.com from $4,100.00 to $4,500.00 and gave the stock an “overweight” rating in a research report on Friday, April 30th. Truist raised their target price on Amazon.com from $3,750.00 to $4,000.00 in a research report on Friday, April 30th. Finally, BMO Capital Markets raised their target price on Amazon.com from $4,200.00 to $4,300.00 and gave the stock an “outperform” rating in a research report on Friday, April 30th. Two investment analysts have rated the stock with a hold rating and forty-six have given a buy rating to the company’s stock. Amazon.com has an average rating of “Buy” and an average price target of $4,168.98.

Amazon.com Profile

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

Further Reading: Capital Gains Distribution

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

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