Fulton Bank N.A. Boosts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Fulton Bank N.A. grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 140,680 shares of the e-commerce giant’s stock after buying an additional 463 shares during the quarter. Amazon.com accounts for 1.0% of Fulton Bank N.A.’s portfolio, making the stock its 22nd largest position. Fulton Bank N.A.’s holdings in Amazon.com were worth $26,213,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AMZN. Vanguard Group Inc. boosted its position in Amazon.com by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after buying an additional 14,724,687 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of Amazon.com by 8.5% in the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after acquiring an additional 6,810,145 shares in the last quarter. Legal & General Group Plc boosted its holdings in Amazon.com by 1.5% in the second quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock valued at $13,466,933,000 after purchasing an additional 1,042,177 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Amazon.com by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock valued at $13,091,909,000 after purchasing an additional 289,532 shares in the last quarter. Finally, Jennison Associates LLC increased its holdings in Amazon.com by 0.5% during the 1st quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock worth $10,221,446,000 after purchasing an additional 295,132 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now directly owns 121,461 shares of the company’s stock, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,855 shares of company stock worth $9,215,048 over the last ninety days. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Up 6.2 %

AMZN opened at $197.93 on Friday. Amazon.com, Inc. has a 12 month low of $136.47 and a 12 month high of $201.20. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The business’s 50-day moving average price is $184.82 and its 200-day moving average price is $183.76. The company has a market cap of $2.08 trillion, a P/E ratio of 42.38, a P/E/G ratio of 1.46 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, equities analysts expect that Amazon.com, Inc. will post 4.84 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on AMZN shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $230.00 price target on shares of Amazon.com in a report on Monday, October 7th. JMP Securities upped their target price on shares of Amazon.com from $265.00 to $285.00 and gave the company a “market outperform” rating in a research note on Friday. UBS Group lifted their price target on Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Royal Bank of Canada boosted their price objective on Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Friday. Finally, The Goldman Sachs Group increased their target price on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday. Two investment analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $246.02.

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.