Fulton Bank N.A. Sells 11,652 Shares of Amazon.com, Inc. $AMZN

Fulton Bank N.A. lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 7.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 136,873 shares of the e-commerce giant’s stock after selling 11,652 shares during the period. Amazon.com makes up 1.1% of Fulton Bank N.A.’s investment portfolio, making the stock its 22nd largest position. Fulton Bank N.A.’s holdings in Amazon.com were worth $31,593,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of AMZN. IMPACTfolio LLC lifted its position in Amazon.com by 3.8% during the third quarter. IMPACTfolio LLC now owns 1,225 shares of the e-commerce giant’s stock valued at $269,000 after purchasing an additional 45 shares during the last quarter. Cadence Wealth Management LLC grew its stake in Amazon.com by 3.5% in the 3rd quarter. Cadence Wealth Management LLC now owns 1,328 shares of the e-commerce giant’s stock worth $292,000 after buying an additional 45 shares in the last quarter. Union Savings Bank increased its holdings in shares of Amazon.com by 0.4% in the 2nd quarter. Union Savings Bank now owns 10,723 shares of the e-commerce giant’s stock worth $2,510,000 after buying an additional 45 shares during the last quarter. Doheny Asset Management CA raised its position in shares of Amazon.com by 0.3% during the 2nd quarter. Doheny Asset Management CA now owns 17,821 shares of the e-commerce giant’s stock valued at $3,910,000 after buying an additional 45 shares in the last quarter. Finally, Banco de Sabadell S.A raised its position in shares of Amazon.com by 0.3% during the 2nd quarter. Banco de Sabadell S.A now owns 13,409 shares of the e-commerce giant’s stock valued at $2,946,000 after buying an additional 46 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on AMZN shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $300.00 target price on shares of Amazon.com in a research report on Friday, February 6th. Raymond James Financial lowered their price target on Amazon.com from $260.00 to $225.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Wedbush dropped their price target on Amazon.com from $340.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Tigress Financial upped their price objective on Amazon.com from $305.00 to $315.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Arete Research increased their price objective on Amazon.com from $283.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, fifty-three have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $286.66.

Read Our Latest Stock Report on Amazon.com

Amazon.com News Roundup

Here are the key news stories impacting Amazon.com this week:

Insider Transactions at Amazon.com

In other news, CEO Matthew S. Garman sold 17,751 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $205.22, for a total value of $3,642,860.22. Following the transaction, the chief executive officer owned 9,405 shares in the company, valued at approximately $1,930,094.10. This trade represents a 65.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 6,835 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $205.82, for a total transaction of $1,406,779.70. Following the sale, the chief executive officer owned 522,361 shares of the company’s stock, valued at $107,512,341.02. This represents a 1.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 71,686 shares of company stock valued at $14,688,739. 9.70% of the stock is currently owned by insiders.

Amazon.com Stock Performance

NASDAQ AMZN opened at $207.52 on Friday. The company has a 50-day simple moving average of $217.22 and a two-hundred day simple moving average of $225.46. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $258.60. The firm has a market cap of $2.23 trillion, a price-to-earnings ratio of 28.94, a PEG ratio of 1.59 and a beta of 1.40. The company has a quick ratio of 0.88, a current ratio of 1.05 and a debt-to-equity ratio of 0.16.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). The company had revenue of $213.39 billion during the quarter, compared to the consensus estimate of $211.02 billion. Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The company’s revenue was up 13.6% on a year-over-year basis. During the same period last year, the firm posted $1.86 EPS. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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

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