Amazon.com, Inc. (NASDAQ:AMZN) is Fulton Breakefield Broenniman LLC’s 4th Largest Position

Fulton Breakefield Broenniman LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 278,195 shares of the e-commerce giant’s stock after purchasing an additional 3,007 shares during the period. Amazon.com accounts for about 4.4% of Fulton Breakefield Broenniman LLC’s portfolio, making the stock its 4th largest position. Fulton Breakefield Broenniman LLC’s holdings in Amazon.com were worth $61,033,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of AMZN. Accordant Advisory Group Inc boosted its position in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Hoese & Co LLP bought a new position in Amazon.com in the third quarter worth about $37,000. Bull Oak Capital LLC purchased a new stake in shares of Amazon.com during the third quarter valued at about $45,000. Values First Advisors Inc. bought a new stake in shares of Amazon.com in the 3rd quarter valued at about $56,000. Finally, IFS Advisors LLC grew its position in shares of Amazon.com by 1,625.0% in the 4th quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock worth $76,000 after buying an additional 325 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on AMZN. Moffett Nathanson increased their target price 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. Redburn Atlantic increased their price objective on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Telsey Advisory Group restated an “outperform” rating and set a $275.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Citigroup decreased their price target on Amazon.com from $275.00 to $273.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Finally, TD Cowen raised their price target on Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given 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 an average target price of $260.74.

Amazon.com Trading Down 1.0 %

Shares of AMZN opened at $226.45 on Wednesday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The stock has a market cap of $2.38 trillion, a PE ratio of 40.95, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15. The firm’s fifty day moving average is $228.26 and its two-hundred day moving average is $202.87. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. Research analysts forecast that Amazon.com, Inc. will post 6.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the transaction, the chief executive officer now directly owns 524,567 shares in the company, valued at $110,159,070. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,611 shares of company stock worth $11,122,402. 10.80% of the stock is owned by corporate 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.