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

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

Other institutional investors have also modified their holdings of the company. Momentous Wealth Management Inc. acquired a new position in shares of Amazon.com during the 4th quarter worth approximately $749,000. Segall Bryant & Hamill LLC increased its stake in shares of 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 worth $69,572,000 after acquiring an additional 39,696 shares during the last quarter. Evergreen Capital Management LLC increased its stake in shares of 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 worth $53,213,000 after acquiring an additional 1,198 shares during the last quarter. Bearing Point Capital LLC acquired a new stake in shares of Amazon.com in the 4th quarter worth $12,014,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of 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 worth $759,434,000 after acquiring an additional 2,196,353 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

AMZN traded down $0.37 during trading on Wednesday, reaching $205.65. The company's stock had a trading volume of 17,971,827 shares, compared to its average volume of 41,901,001. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company's fifty day moving average price is $190.38 and its 200-day moving average price is $208.73. The company has a market capitalization of $2.18 trillion, a price-to-earnings ratio of 37.20, 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.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data 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. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the previous year, the company earned $0.98 EPS. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the sale, the senior vice president now directly owns 47,030 shares of the company's stock, valued at approximately $9,519,342.30. The trade was a 22.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of Amazon.com 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 sale, the vice president now directly 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 99,537 shares of company stock valued at $20,018,625. 9.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

AMZN has been the topic of a number of recent analyst reports. Citigroup reiterated an "outperform" rating on shares of Amazon.com in a report on Friday, May 2nd. JMP Securities restated a "market outperform" rating on shares of Amazon.com in a report on Tuesday, May 6th. Needham & Company LLC restated a "buy" rating and set a $220.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Stifel Nicolaus reduced their price objective on Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, Loop Capital increased their price objective on Amazon.com from $275.00 to $285.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $244.09.

About Amazon.com

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.