Fulcrum Equity Management Sells 1,263 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Fulcrum Equity Management lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 32.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,605 shares of the e-commerce giant’s stock after selling 1,263 shares during the period. Fulcrum Equity Management’s holdings in Amazon.com were worth $485,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Anchor Investment Management LLC grew its stake in Amazon.com by 4.7% in the 3rd quarter. Anchor Investment Management LLC now owns 66,237 shares of the e-commerce giant’s stock valued at $12,342,000 after buying an additional 2,961 shares during the last quarter. Tudor Financial Inc. bought a new stake in shares of Amazon.com during the third quarter worth approximately $720,000. Te Ahumairangi Investment Management Ltd grew its position in shares of Amazon.com by 88.4% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 27,897 shares of the e-commerce giant’s stock valued at $5,169,000 after purchasing an additional 13,090 shares during the last quarter. Wealthquest Corp increased its stake in shares of Amazon.com by 4.2% during the third quarter. Wealthquest Corp now owns 14,556 shares of the e-commerce giant’s stock worth $2,695,000 after purchasing an additional 588 shares during the period. Finally, SkyView Investment Advisors LLC lifted its holdings in Amazon.com by 1.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 16,217 shares of the e-commerce giant’s stock worth $3,022,000 after purchasing an additional 214 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AMZN. Roth Mkm increased their price objective on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Piper Sandler upped their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Telsey Advisory Group lifted their price objective on shares of Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Loop Capital increased their target price on shares of Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Moffett Nathanson lifted their price target on shares of Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.65.

Amazon.com Trading Down 1.2 %

AMZN opened at $220.66 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a fifty-two week low of $149.91 and a fifty-two week high of $233.00. The company’s 50 day moving average price is $217.35 and its two-hundred day moving average price is $195.93. The firm has a market capitalization of $2.32 trillion, a price-to-earnings ratio of 47.25, a PEG ratio of 1.22 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 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 earnings per share. As a group, research analysts predict that Amazon.com, Inc. will post 5.38 earnings per share for the current year.

Insider Activity

In related news, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the transaction, the chief executive officer now directly owns 518,911 shares of the company’s stock, valued at $106,797,072.91. This represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew S. Garman sold 15,260 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the sale, the chief executive officer now owns 349,261 shares of the company’s stock, valued at $69,918,559.59. The trade was a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822 in the last ninety days. 10.80% of the stock is owned by company insiders.

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.