Fullerton Fund Management Co Ltd. Acquires 446,202 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Fullerton Fund Management Co Ltd. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 120.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 816,334 shares of the e-commerce giant's stock after buying an additional 446,202 shares during the quarter. Amazon.com comprises 6.3% of Fullerton Fund Management Co Ltd.'s investment portfolio, making the stock its 6th biggest holding. Fullerton Fund Management Co Ltd.'s holdings in Amazon.com were worth $179,096,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of AMZN. Momentous Wealth Management Inc. purchased a new position in Amazon.com in the 4th quarter valued at approximately $749,000. Segall Bryant & Hamill LLC increased its stake in Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after purchasing an additional 39,696 shares in the last quarter. Evergreen Capital Management LLC increased its stake in Amazon.com by 0.5% in the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock valued at $53,213,000 after purchasing an additional 1,198 shares in the last quarter. Bearing Point Capital LLC purchased a new position in Amazon.com in the 4th quarter valued at approximately $12,014,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in Amazon.com by 173.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock valued at $759,434,000 after purchasing an additional 2,196,353 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Up 2.5%

Amazon.com stock traded up $5.03 during midday trading on Tuesday, reaching $206.02. The stock had a trading volume of 34,776,251 shares, compared to its average volume of 41,992,291. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The stock has a market capitalization of $2.19 trillion, a PE ratio of 37.25, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The stock's 50-day simple moving average is $190.16 and its 200 day simple moving average is $208.75.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion for 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 revenue for the quarter 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. Analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity

In related news, VP Shelley Reynolds sold 2,695 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Matthew S. Garman sold 20,923 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 99,537 shares of company stock worth $20,018,625. 9.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AMZN has been the subject of several research analyst reports. Evercore ISI dropped their price objective on Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. The Goldman Sachs Group dropped their price objective on Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Telsey Advisory Group reissued an "outperform" rating and set a $235.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Stifel Nicolaus dropped their price target on Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, Benchmark reissued a "buy" rating and set a $260.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $244.09.

Amazon.com Company 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.