Fuller & Thaler Asset Management Inc. Cuts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Fuller & Thaler Asset Management Inc. reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 9.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,950 shares of the e-commerce giant’s stock after selling 600 shares during the quarter. Fuller & Thaler Asset Management Inc.’s holdings in Amazon.com were worth $5,720,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Probity Advisors Inc. raised its stake in Amazon.com by 0.6% during the second quarter. Probity Advisors Inc. now owns 320 shares of the e-commerce giant’s stock worth $310,000 after acquiring an additional 2 shares in the last quarter. Venturi Wealth Management LLC raised its stake in Amazon.com by 0.3% during the second quarter. Venturi Wealth Management LLC now owns 632 shares of the e-commerce giant’s stock worth $612,000 after acquiring an additional 2 shares in the last quarter. Regis Management CO LLC raised its stake in Amazon.com by 0.9% during the second quarter. Regis Management CO LLC now owns 231 shares of the e-commerce giant’s stock worth $224,000 after acquiring an additional 2 shares in the last quarter. Hall Capital Management Co. Inc. raised its stake in Amazon.com by 0.8% during the second quarter. Hall Capital Management Co. Inc. now owns 403 shares of the e-commerce giant’s stock worth $390,000 after acquiring an additional 3 shares in the last quarter. Finally, Noesis Capital Mangement Corp raised its stake in Amazon.com by 0.8% during the second quarter. Noesis Capital Mangement Corp now owns 505 shares of the e-commerce giant’s stock worth $489,000 after acquiring an additional 4 shares in the last quarter. 59.06% of the stock is owned by hedge funds and other institutional investors.

AMZN has been the subject of several recent analyst reports. DZ Bank reiterated a “buy” rating on shares of Amazon.com in a research note on Wednesday, January 24th. Monness Crespi & Hardt upgraded Amazon.com from a “neutral” rating to a “buy” rating and set a $1,250.00 price objective for the company in a research note on Friday, October 27th. Citigroup reiterated a “buy” rating and set a $1,400.00 price objective (up from $1,250.00) on shares of Amazon.com in a research note on Friday, January 5th. Vetr upgraded Amazon.com from a “sell” rating to a “hold” rating and set a $1,414.91 target price for the company in a research note on Tuesday, January 30th. Finally, Jefferies Group raised their target price on Amazon.com from $1,450.00 to $1,750.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Six equities research analysts have rated the stock with a hold rating, forty-eight have issued a buy rating and one has given a strong buy rating to the company. Amazon.com has an average rating of “Buy” and a consensus price target of $1,437.43.

Amazon.com, Inc. (NASDAQ:AMZN) opened at $1,414.51 on Wednesday. Amazon.com, Inc. has a 1-year low of $832.82 and a 1-year high of $1,498.00. The company has a current ratio of 1.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $684,770.00, a PE ratio of 229.26, a PEG ratio of 6.10 and a beta of 1.63.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $0.31. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. The business had revenue of $60.45 billion for the quarter, compared to analysts’ expectations of $59.85 billion. During the same quarter in the previous year, the business posted $1.54 EPS. Amazon.com’s revenue for the quarter was up 38.2% on a year-over-year basis. analysts forecast that Amazon.com, Inc. will post 8.49 earnings per share for the current fiscal year.

In other Amazon.com news, Director Tom A. Alberg sold 835 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $1,202.74, for a total value of $1,004,287.90. Following the sale, the director now owns 17,114 shares in the company, valued at approximately $20,583,692.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tom A. Alberg sold 870 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $1,150.00, for a total value of $1,000,500.00. Following the completion of the sale, the director now owns 17,949 shares in the company, valued at approximately $20,641,350. The disclosure for this sale can be found here. Insiders have sold a total of 4,505 shares of company stock worth $5,253,740 in the last quarter. 17.00% of the stock is currently owned by company insiders.

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Amazon.com Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

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

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