Fusion Capital LLC Acquires 1,837 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Fusion Capital LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 11.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 17,805 shares of the e-commerce giant’s stock after acquiring an additional 1,837 shares during the period. Amazon.com makes up 1.6% of Fusion Capital LLC’s investment portfolio, making the stock its 24th largest position. Fusion Capital LLC’s holdings in Amazon.com were worth $3,906,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of AMZN. Accordant Advisory Group Inc lifted its position in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Icon Wealth Advisors LLC grew its position in shares of Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after purchasing an additional 25,581 shares in the last quarter. Quattro Financial Advisors LLC raised its stake in shares of Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after purchasing an additional 45 shares during the period. Compass Planning Associates Inc purchased a new stake in Amazon.com during the 4th quarter worth about $51,000. Finally, Iron Horse Wealth Management LLC boosted its stake in Amazon.com by 64.4% in the 4th quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant’s stock worth $63,000 after purchasing an additional 112 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 4.3 %

Shares of Amazon.com stock opened at $192.72 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The firm has a market cap of $2.04 trillion, a price-to-earnings ratio of 34.85, a PEG ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The business has a 50-day moving average price of $216.86 and a 200-day moving average price of $209.25.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the topic of several recent analyst reports. Citigroup reiterated a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Stifel Nicolaus lifted their price objective on Amazon.com from $245.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Raymond James upped their target price on Amazon.com from $260.00 to $275.00 in a research note on Monday, February 10th. DA Davidson raised their price target on Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Morgan Stanley boosted their price objective on Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $260.65.

Insiders Place Their Bets

In related news, VP Shelley Reynolds sold 8,833 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. The trade was a 6.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the sale, the senior vice president now owns 49,950 shares in the company, valued at approximately $10,864,125. The trade was a 27.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock valued at $22,871,828 over the last three months. 10.80% of the stock is owned by company insiders.

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.