First Horizon Advisors Inc. Has $35.78 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

First Horizon Advisors Inc. grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the 4th quarter, Holdings Channel reports. The fund owned 163,066 shares of the e-commerce giant’s stock after buying an additional 642 shares during the period. Amazon.com accounts for 1.0% of First Horizon Advisors Inc.’s investment portfolio, making the stock its 22nd largest holding. First Horizon Advisors Inc.’s holdings in Amazon.com were worth $35,775,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Quattro Financial Advisors LLC raised its holdings in shares of Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after acquiring an additional 45 shares in the last quarter. White Wing Wealth Management raised its holdings in shares of Amazon.com by 2.4% during the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock valued at $433,000 after buying an additional 47 shares in the last quarter. MBM Wealth Consultants LLC raised its holdings in shares of Amazon.com by 0.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock valued at $1,889,000 after buying an additional 48 shares in the last quarter. Semus Wealth Partners LLC raised its holdings in shares of Amazon.com by 0.3% during the 3rd quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock valued at $3,339,000 after buying an additional 49 shares in the last quarter. Finally, GGM Financials LLC raised its holdings in shares of Amazon.com by 2.1% during the 4th quarter. GGM Financials LLC now owns 2,463 shares of the e-commerce giant’s stock valued at $540,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research reports. Maxim Group raised their price objective on Amazon.com from $260.00 to $280.00 and gave the company a “buy” rating in a report on Friday, February 7th. TD Cowen raised their price objective on Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Mizuho raised their price target on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Moffett Nathanson raised their price target on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Wolfe Research raised their price target on Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $260.65.

Amazon.com Trading Up 0.6 %

Shares of Amazon.com stock opened at $196.21 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a market capitalization of $2.08 trillion, a P/E ratio of 35.48, a P/E/G ratio of 1.50 and a beta of 1.19. The business has a 50 day moving average price of $218.90 and a 200 day moving average price of $208.44.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In related news, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the transaction, the chief executive officer now owns 505,318 shares in the company, valued at approximately $115,434,843.92. The trade was a 1.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the transaction, the chief executive officer now owns 2,118,886 shares in the company, valued at $467,532,195.90. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock valued at $22,871,828 in the last ninety days. Company insiders own 10.80% of the company’s stock.

Amazon.com 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.