Fulcrum Equity Management Acquires 1,140 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Fulcrum Equity Management lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 47.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,519 shares of the e-commerce giant’s stock after acquiring an additional 1,140 shares during the period. Fulcrum Equity Management’s holdings in Amazon.com were worth $670,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Castlekeep Investment Advisors LLC bought a new position in Amazon.com during the fourth quarter valued at approximately $25,000. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com during the fourth quarter valued at approximately $27,000. LSV Asset Management purchased a new stake in Amazon.com during the fourth quarter valued at approximately $35,000. Cooksen Wealth LLC purchased a new stake in Amazon.com during the first quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC purchased a new stake in Amazon.com during the first quarter valued at approximately $40,000. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AMZN shares. Telsey Advisory Group upped their price objective on Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Evercore ISI decreased their price objective on Amazon.com from $270.00 to $260.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Pivotal Research upped their price objective on Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Jefferies Financial Group increased their price target on Amazon.com from $255.00 to $265.00 in a report on Wednesday, July 16th. Finally, Citigroup increased their price target on Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, August 1st. One investment analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $262.45.

Insider Activity

In related news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $217.00, for a total value of $542,500.00. Following the sale, the chief executive officer directly owned 512,050 shares in the company, valued at approximately $111,114,850. The trade was a 0.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the business’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the transaction, the insider owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. This represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,102,037 shares of company stock worth $5,674,937,048. 9.70% of the stock is currently owned by insiders.

Amazon.com Trading Up 0.4%

AMZN stock opened at $223.13 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The stock has a market cap of $2.38 trillion, a price-to-earnings ratio of 34.01, a PEG ratio of 1.50 and a beta of 1.31. The business’s 50-day moving average is $219.27 and its 200 day moving average is $209.03.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The company had revenue of $167.70 billion for the quarter, compared to analysts’ expectations of $161.80 billion. During the same period in the previous year, the firm posted $1.26 EPS. Amazon.com’s revenue was up 13.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.