Amazon.com, Inc. (NASDAQ:AMZN) Stake Increased by Fulton Breakefield Broenniman LLC

Key Points

• Fulton Breakefield Broenniman LLC increased its stake in Amazon.com by 2.7% in the first quarter, acquiring an additional 7,561 shares, bringing their total holdings to 285,756 shares valued at approximately $54.4 million.
• Amazon.com reported a strong earnings performance, with $1.68 earnings per share for the quarter, exceeding analysts' expectations of $1.31, along with a revenue of $167.7 billion.
• Analysts have varying price targets for Amazon.com, with Wedbush increasing its target from $235 to $250 while Raymond James lowered theirs from $275 to $195, highlighting a generally positive outlook on the stock.

Fulton Breakefield Broenniman LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 285,756 shares of the e-commerce giant's stock after purchasing an additional 7,561 shares during the period. Amazon.com accounts for approximately 3.9% of Fulton Breakefield Broenniman LLC's holdings, making the stock its 4th largest position. Fulton Breakefield Broenniman LLC's holdings in Amazon.com were worth $54,368,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Northern Capital Management Inc. grew its holdings in Amazon.com by 0.6% during the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock worth $1,613,000 after purchasing an additional 45 shares during the period. Balanced Wealth Group LLC grew its holdings in Amazon.com by 1.6% during the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock worth $705,000 after purchasing an additional 48 shares during the period. ETF Store Inc. boosted its holdings in shares of Amazon.com by 2.1% during the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock worth $522,000 after acquiring an additional 48 shares during the period. Talisman Wealth Advisors LLC boosted its holdings in shares of Amazon.com by 1.2% during the fourth quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant's stock worth $1,020,000 after acquiring an additional 53 shares during the period. Finally, SWAN Capital LLC boosted its holdings in shares of Amazon.com by 3.1% during the fourth quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant's stock worth $396,000 after acquiring an additional 55 shares during the period. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Up 0.1%

Shares of AMZN traded up $0.17 on Tuesday, reaching $221.47. The company's stock had a trading volume of 37,075,084 shares, compared to its average volume of 44,927,371. 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 stock has a market capitalization of $2.36 trillion, a PE ratio of 33.76, a PEG ratio of 1.50 and a beta of 1.31. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The firm has a fifty day moving average of $219.94 and a 200-day moving average of $208.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same period last year, the firm earned $1.26 EPS. Amazon.com's revenue for the quarter was up 13.3% on a year-over-year basis. Equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have sold 25,101,037 shares of company stock valued at $5,674,726,368. 10.80% of the stock is owned by company insiders.

Analyst Ratings Changes

AMZN has been the subject of a number of research analyst reports. Truist Financial boosted their price objective on Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Evercore ISI reduced their price objective on Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Wells Fargo & Company boosted their price objective on Amazon.com from $238.00 to $245.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Cantor Fitzgerald lifted their price target on shares of Amazon.com from $260.00 to $280.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Tigress Financial lifted their price target on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. One research analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $262.45.

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.