Hutchens Investment Management Inc reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,155 shares of the e-commerce giant’s stock after selling 105 shares during the quarter. Amazon.com comprises about 2.4% of Hutchens Investment Management Inc’s investment portfolio, making the stock its 10th largest holding. Hutchens Investment Management Inc’s holdings in Amazon.com were worth $2,520,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Amazon.com by 2.9% in the second quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock worth $26,003,758,000 after acquiring an additional 764,115 shares in the last quarter. BlackRock Inc. raised its position in Amazon.com by 2.4% in the second quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock worth $23,160,193,000 after acquiring an additional 554,990 shares in the last quarter. Capital Research Global Investors increased its stake in Amazon.com by 0.4% in the 2nd quarter. Capital Research Global Investors now owns 10,711,772 shares of the e-commerce giant’s stock worth $10,368,995,000 after purchasing an additional 40,068 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in Amazon.com by 1.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 2,828,302 shares of the e-commerce giant’s stock worth $2,737,796,000 after purchasing an additional 46,800 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Amazon.com by 2.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,071,370 shares of the e-commerce giant’s stock worth $2,005,838,000 after purchasing an additional 53,792 shares in the last quarter. Institutional investors and hedge funds own 60.21% of the company’s stock.
A number of equities analysts recently weighed in on AMZN shares. DZ Bank reissued a “buy” rating on shares of Amazon.com in a research note on Wednesday, January 24th. Citigroup reissued a “buy” rating and issued a $1,400.00 price target (up previously from $1,250.00) on shares of Amazon.com in a research note on Friday, January 5th. Vetr raised Amazon.com from a “sell” rating to a “hold” rating and set a $1,414.91 price target on the stock in a research note on Tuesday, January 30th. Jefferies Group lifted their price target on Amazon.com from $1,450.00 to $1,750.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Credit Suisse Group lifted their price target on Amazon.com from $1,385.00 to $1,410.00 and gave the stock an “outperform” rating in a research note on Monday, January 8th. Four investment analysts have rated the stock with a hold rating, forty-eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $1,494.78.
Shares of AMZN stock opened at $1,405.23 on Friday. Amazon.com, Inc. has a 12 month low of $884.49 and a 12 month high of $1,617.54. The company has a market cap of $682,867.06, a PE ratio of 308.84, a price-to-earnings-growth ratio of 6.20 and a beta of 1.59. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.04 and a quick ratio of 0.76.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.31. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. The company had revenue of $60.45 billion during the quarter, compared to analyst estimates of $59.85 billion. During the same period in the previous year, the company earned $1.54 earnings per share. The company’s quarterly revenue was up 38.2% compared to the same quarter last year. equities analysts anticipate that Amazon.com, Inc. will post 8.49 earnings per share for the current fiscal year.
In other news, VP Shelley Reynolds sold 544 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $1,462.32, for a total transaction of $795,502.08. Following the sale, the vice president now directly owns 6,533 shares in the company, valued at $9,553,336.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey A. Wilke sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $1,577.85, for a total value of $788,925.00. Following the sale, the chief executive officer now owns 10,000 shares in the company, valued at $15,778,500. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,214 shares of company stock valued at $9,251,120. Corporate insiders own 17.70% of the company’s stock.
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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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