Fulton Bank N.A. Raises Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Fulton Bank N.A. raised its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 148,248 shares of the e-commerce giant's stock after purchasing an additional 6,644 shares during the period. Amazon.com accounts for approximately 1.1% of Fulton Bank N.A.'s investment portfolio, making the stock its 21st largest holding. Fulton Bank N.A.'s holdings in Amazon.com were worth $28,206,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com in the 4th quarter valued at approximately $25,000. Accordant Advisory Group Inc increased its stake in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com in the fourth quarter worth $27,000. LSV Asset Management acquired a new stake in shares of Amazon.com during the fourth quarter worth $35,000. Finally, Perritt Capital Management Inc grew its holdings in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after buying an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of Amazon.com stock traded up $4.00 on Monday, hitting $216.10. 33,119,260 shares of the company were exchanged, compared to its average volume of 42,143,594. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $2.29 trillion, a price-to-earnings ratio of 39.08, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. The company has a 50-day moving average price of $195.47 and a 200 day moving average price of $209.21.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.98 earnings per share. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Raymond James restated an "outperform" rating and issued a $195.00 target price (down previously from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Telsey Advisory Group reissued an "outperform" rating and issued a $235.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Truist Financial decreased their target price on shares of Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, UBS Group reaffirmed a "buy" rating on shares of Amazon.com in a report on Tuesday, May 6th. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. According to data from MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and a consensus target price of $244.89.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. This represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,000,233.60. Following the transaction, the chief executive officer now owns 2,148,694 shares of the company's stock, valued at approximately $432,532,102.20. This represents a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock valued at $20,531,075 over the last 90 days. 9.70% of the stock is owned by company insiders.

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.