Fulcrum Equity Management Increases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Fulcrum Equity Management increased its stake in Amazon.com, Inc. by 47.9%, owning a total of 3,519 shares valued at approximately $670,000 after acquiring 1,140 shares in the first quarter.
• A number of analysts have raised their price targets for Amazon, with Pivotal Research setting a new target of $285.00 and the average consensus price at $262.45, indicating a generally favorable outlook.
• CEO Douglas J. Herrington and founder Jeffrey P. Bezos sold significant amounts of Amazon stock, with Bezos' transaction alone involving over 2.6 million shares valued at approximately $609 million, reflecting ongoing insider trading activity.

Fulcrum Equity Management grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 47.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,519 shares of the e-commerce giant's stock after buying an additional 1,140 shares during the period. Fulcrum Equity Management's holdings in Amazon.com were worth $670,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in shares of Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after purchasing an additional 397,007 shares during the period. Revolve Wealth Partners LLC grew its holdings in shares of Amazon.com by 4.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock valued at $5,495,000 after acquiring an additional 986 shares in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in Amazon.com by 2.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock valued at $442,481,000 after purchasing an additional 54,987 shares during the period. Highview Capital Management LLC DE grew its holdings in Amazon.com by 5.5% during the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock valued at $6,357,000 after purchasing an additional 1,518 shares during the period. Finally, Liberty Square Wealth Partners LLC purchased a new stake in shares of Amazon.com during the fourth quarter worth $2,153,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Down 0.2%

Shares of AMZN traded down $0.44 during midday trading on Friday, reaching $222.69. 32,911,537 shares of the stock were exchanged, compared to its average volume of 47,624,592. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The company's 50 day moving average is $219.65 and its two-hundred day moving average is $208.98. The company has a market capitalization of $2.37 trillion, a P/E ratio of 33.95, a PEG ratio of 1.50 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The company had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter last year, the company earned $1.26 earnings per share. The firm's revenue for the quarter was up 13.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $217.00, for a total transaction of $542,500.00. Following the sale, the chief executive officer owned 512,050 shares of the company's stock, valued at $111,114,850. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the sale, the insider directly owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,102,037 shares of company stock worth $5,674,937,048. 9.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AMZN has been the subject of several research analyst reports. Cowen reissued a "buy" rating on shares of Amazon.com in a research note on Friday, August 1st. Royal Bank Of Canada raised their target price on Amazon.com from $230.00 to $240.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Bank of America raised their price objective on shares of Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Rosenblatt Securities lifted their target price on shares of Amazon.com from $288.00 to $297.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Tigress Financial boosted their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. One analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $262.45.

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.