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

Fulton Bank N.A. decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 136,873 shares of the e-commerce giant’s stock after selling 11,652 shares during the quarter. Amazon.com comprises about 1.1% of Fulton Bank N.A.’s investment portfolio, making the stock its 22nd biggest holding. Fulton Bank N.A.’s holdings in Amazon.com were worth $31,593,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of AMZN. American Capital Advisory LLC boosted its holdings in Amazon.com by 63.9% during the 3rd quarter. American Capital Advisory LLC now owns 8,081 shares of the e-commerce giant’s stock valued at $1,774,000 after acquiring an additional 3,152 shares during the period. Compagnie Lombard Odier SCmA bought a new position in Amazon.com in the 3rd quarter valued at $451,642,000. DJE Kapital AG increased its stake in Amazon.com by 12.3% in the second quarter. DJE Kapital AG now owns 1,037,443 shares of the e-commerce giant’s stock worth $229,890,000 after purchasing an additional 113,345 shares during the period. Baltimore Washington Financial Advisors Inc. increased its stake in Amazon.com by 1.9% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 239,862 shares of the e-commerce giant’s stock worth $52,667,000 after purchasing an additional 4,558 shares during the period. Finally, Bridgewater Advisors Inc. lifted its position in shares of Amazon.com by 3.4% during the second quarter. Bridgewater Advisors Inc. now owns 69,188 shares of the e-commerce giant’s stock worth $15,983,000 after purchasing an additional 2,275 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Down 2.0%

Shares of NASDAQ:AMZN opened at $207.52 on Friday. The business’s 50-day moving average is $217.22 and its 200 day moving average is $225.46. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.05 and a quick ratio of 0.88. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $258.60. The firm has a market capitalization of $2.23 trillion, a P/E ratio of 28.94, a P/E/G ratio of 1.59 and a beta of 1.40.

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

Key Headlines Impacting Amazon.com

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

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $205.18, for a total transaction of $4,077,336.96. Following the transaction, the chief executive officer owned 2,238,118 shares in the company, valued at approximately $459,217,051.24. This represents a 0.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Matthew S. Garman sold 17,751 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $205.22, for a total transaction of $3,642,860.22. Following the completion of the transaction, the chief executive officer directly owned 9,405 shares of the company’s stock, valued at approximately $1,930,094.10. This represents a 65.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 71,686 shares of company stock worth $14,688,739 over the last ninety days. Company insiders own 9.70% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the subject of several research reports. Truist Financial lowered their price objective on shares of Amazon.com from $290.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Piper Sandler reaffirmed an “overweight” rating and set a $260.00 price target (down from $300.00) on shares of Amazon.com in a research note on Friday, February 6th. Scotiabank reiterated an “outperform” rating and issued a $275.00 price target (down from $300.00) on shares of Amazon.com in a report on Friday, February 6th. New Street Research dropped their price objective on Amazon.com from $350.00 to $285.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Finally, Rothschild & Co Redburn set a $230.00 price objective on Amazon.com in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, fifty-three have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $286.66.

Get Our Latest Stock Analysis on Amazon.com

About Amazon.com

(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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