Amazon.com, Inc. (NASDAQ:AMZN) Stake Increased by Fulton Bank N.A.

Fulton Bank N.A. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1,888.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,564 shares of the e-commerce giant’s stock after purchasing an additional 134,444 shares during the period. Amazon.com makes up 0.8% of Fulton Bank N.A.’s portfolio, making the stock its 28th biggest position. Fulton Bank N.A.’s holdings in Amazon.com were worth $15,036,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Amazon.com by 1.6% in the first quarter. Vanguard Group Inc. now owns 33,965,498 shares of the e-commerce giant’s stock valued at $110,725,825,000 after purchasing an additional 543,744 shares in the last quarter. State Street Corp raised its holdings in shares of Amazon.com by 4.3% during the fourth quarter. State Street Corp now owns 17,021,616 shares of the e-commerce giant’s stock worth $56,755,855,000 after acquiring an additional 698,970 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Amazon.com by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 7,193,360 shares of the e-commerce giant’s stock worth $23,917,115,000 after acquiring an additional 195,716 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Amazon.com by 14.0% during the first quarter. Capital Research Global Investors now owns 5,213,777 shares of the e-commerce giant’s stock worth $16,996,815,000 after acquiring an additional 639,231 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Amazon.com during the fourth quarter worth $14,053,756,000. Hedge funds and other institutional investors own 57.15% of the company’s stock.

Amazon.com Stock Down 2.2 %

Shares of AMZN opened at $123.53 on Friday. The stock has a market cap of $1.26 trillion, a price-to-earnings ratio of 110.74, a P/E/G ratio of 5.63 and a beta of 1.33. The company has a quick ratio of 0.68, a current ratio of 0.95 and a debt-to-equity ratio of 0.44. Amazon.com, Inc. has a 12 month low of $101.26 and a 12 month high of $188.11. The company has a 50-day moving average price of $129.52 and a two-hundred day moving average price of $130.86.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The firm had revenue of $121.23 billion during the quarter, compared to the consensus estimate of $119.16 billion. During the same quarter last year, the firm posted $0.76 EPS. The business’s revenue was up 7.2% on a year-over-year basis. Equities analysts predict that Amazon.com, Inc. will post 0.99 EPS for the current fiscal year.

Insider Activity

In other news, SVP David Zapolsky sold 10,480 shares of Amazon.com stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $145.01, for a total value of $1,519,704.80. Following the completion of the transaction, the senior vice president now owns 60,260 shares in the company, valued at $8,738,302.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Shelley Reynolds sold 3,480 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $134.23, for a total value of $467,120.40. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $16,078,069.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David Zapolsky sold 10,480 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $145.01, for a total transaction of $1,519,704.80. Following the completion of the transaction, the senior vice president now owns 60,260 shares of the company’s stock, valued at approximately $8,738,302.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,628 shares of company stock worth $9,802,599. Insiders own 12.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on AMZN shares. Jefferies Financial Group cut their price objective on Amazon.com from $163.00 to $150.00 in a report on Wednesday, July 20th. Cowen increased their price objective on Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a report on Friday, July 29th. Robert W. Baird reiterated an “outperform” rating and set a $150.00 price objective on shares of Amazon.com in a report on Wednesday, September 7th. JMP Securities increased their price objective on Amazon.com from $172.50 to $180.00 and gave the stock a “market outperform” rating in a report on Friday, July 29th. Finally, Wolfe Research increased their target price on shares of Amazon.com from $140.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and thirty-six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $176.61.

Amazon.com Company Profile

(Get Rating)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

Further Reading

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZNGet Rating).

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.