Hutchinson Capital Management CA Purchases 290 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Hutchinson Capital Management CA increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,432 shares of the e-commerce giant’s stock after buying an additional 290 shares during the period. Hutchinson Capital Management CA’s holdings in Amazon.com were worth $825,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AMZN. Vanguard Group Inc. increased its stake in Amazon.com by 4.4% in the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after purchasing an additional 32,038,029 shares in the last quarter. International Assets Investment Management LLC increased its stake in Amazon.com by 16,029.3% in the fourth quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock valued at $36,260,810,000 after purchasing an additional 23,717,254 shares in the last quarter. FMR LLC increased its stake in Amazon.com by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after purchasing an additional 21,649,871 shares in the last quarter. Jennison Associates LLC increased its stake in Amazon.com by 28.4% in the third quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock valued at $6,989,254,000 after purchasing an additional 12,176,114 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in Amazon.com in the third quarter valued at $610,138,000. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at $21,726,894.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $21,726,894.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the transaction, the chief executive officer now owns 132,600 shares of the company’s stock, valued at $23,868,000. The disclosure for this sale can be found here. Insiders have sold 117,894 shares of company stock valued at $21,363,909 over the last ninety days. 10.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on AMZN shares. Stifel Nicolaus boosted their target price on shares of Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Raymond James boosted their target price on shares of Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, May 1st. Sanford C. Bernstein boosted their target price on shares of Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Monness Crespi & Hardt boosted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, Maxim Group dropped their target price on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Buy” and an average target price of $212.40.

Get Our Latest Report on AMZN

Amazon.com Stock Down 1.5 %

Shares of NASDAQ:AMZN opened at $179.32 on Friday. The stock’s 50-day moving average price is $182.39 and its 200-day moving average price is $167.14. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $191.70. The stock has a market capitalization of $1.87 trillion, a P/E ratio of 50.23, a price-to-earnings-growth ratio of 1.30 and a beta of 1.15. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. Amazon.com’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period last year, the firm earned $0.31 earnings per share. On average, equities analysts anticipate that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

About Amazon.com

(Free Report)

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.

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

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