Fulcrum Capital LLC Purchases New Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Fulcrum Capital LLC purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 91,761 shares of the e-commerce giant’s stock, valued at approximately $9,746,000. Amazon.com accounts for about 3.1% of Fulcrum Capital LLC’s holdings, making the stock its 8th largest position.

Other large investors have also recently bought and sold shares of the company. Roosevelt Investment Group LLC grew its stake in Amazon.com by 421.1% in the second quarter. Roosevelt Investment Group LLC now owns 60,877 shares of the e-commerce giant’s stock valued at $6,466,000 after purchasing an additional 49,194 shares in the last quarter. Regency Capital Management Inc. DE grew its stake in Amazon.com by 2,112.5% in the second quarter. Regency Capital Management Inc. DE now owns 40,069 shares of the e-commerce giant’s stock valued at $4,256,000 after purchasing an additional 38,258 shares in the last quarter. DDD Partners LLC grew its stake in Amazon.com by 2,893.9% in the second quarter. DDD Partners LLC now owns 212,656 shares of the e-commerce giant’s stock valued at $22,586,000 after purchasing an additional 205,553 shares in the last quarter. Benin Management CORP grew its stake in Amazon.com by 1,752.5% in the second quarter. Benin Management CORP now owns 23,860 shares of the e-commerce giant’s stock valued at $2,534,000 after purchasing an additional 22,572 shares in the last quarter. Finally, LGT Group Foundation grew its stake in Amazon.com by 1,777.0% in the second quarter. LGT Group Foundation now owns 1,027,462 shares of the e-commerce giant’s stock valued at $109,127,000 after purchasing an additional 972,723 shares in the last quarter. 57.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the stock in a transaction on Thursday, September 29th. The stock was sold at an average price of $114.61, for a total value of $59,597.20. Following the transaction, the chief executive officer now directly owns 114,660 shares in the company, valued at approximately $13,141,182.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 15,787 shares of the stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total value of $1,627,639.70. Following the transaction, the chief executive officer now directly owns 522,251 shares in the company, valued at approximately $53,844,078.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adam Selipsky sold 520 shares of the stock in a transaction on Thursday, September 29th. The shares were sold at an average price of $114.61, for a total value of $59,597.20. Following the completion of the transaction, the chief executive officer now owns 114,660 shares in the company, valued at $13,141,182.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 269,412 shares of company stock worth $7,914,139. Insiders own 12.70% of the company’s stock.

Amazon.com Trading Down 1.8 %

AMZN stock opened at $92.46 on Tuesday. The business has a fifty day moving average price of $109.80 and a 200 day moving average price of $116.91. Amazon.com, Inc. has a fifty-two week low of $85.87 and a fifty-two week high of $185.67. The stock has a market capitalization of $943.24 billion, a price-to-earnings ratio of 84.86, a P/E/G ratio of 6.29 and a beta of 1.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The firm had revenue of $127.10 billion during the quarter, compared to analysts’ expectations of $127.47 billion. During the same period last year, the firm posted $0.31 EPS. The business’s revenue was up 14.7% on a year-over-year basis. Analysts expect that Amazon.com, Inc. will post 0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Rosenblatt Securities lowered their target price on Amazon.com from $118.00 to $103.00 and set a “neutral” rating on the stock in a research note on Monday, November 14th. UBS Group upped their price target on Amazon.com from $167.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Needham & Company LLC decreased their price target on Amazon.com from $175.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Piper Sandler decreased their price target on Amazon.com from $175.00 to $125.00 and set an “overweight” rating for the company in a research note on Friday, October 28th. Finally, Cowen decreased their price target on Amazon.com from $195.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $150.89.

Amazon.com Company Profile

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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.

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

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