Hunter Associates Investment Management LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,440 shares of the e-commerce giant’s stock after purchasing an additional 440 shares during the period. Hunter Associates Investment Management LLC’s holdings in Amazon.com were worth $975,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in AMZN. Fiduciary Planning LLC grew its holdings in shares of Amazon.com by 1.5% in the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after buying an additional 5 shares during the period. HBC Financial Services PLLC grew its holdings in shares of Amazon.com by 0.8% in the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after buying an additional 5 shares during the period. Meridian Investment Counsel Inc. grew its holdings in shares of Amazon.com by 3.4% in the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after buying an additional 5 shares during the period. Alterna Wealth Management Inc. grew its holdings in shares of Amazon.com by 1.8% in the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after buying an additional 5 shares during the period. Finally, Archetype Wealth Partners grew its holdings in shares of Amazon.com by 3.7% in the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after buying an additional 6 shares during the period. Institutional investors and hedge funds own 56.67% of the company’s stock.
Insiders Place Their Bets
In other Amazon.com news, CEO Adam Selipsky sold 10,760 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $110.33, for a total transaction of $1,187,150.80. Following the transaction, the chief executive officer now owns 150,120 shares in the company, valued at approximately $16,562,739.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 10,760 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $110.33, for a total transaction of $1,187,150.80. Following the transaction, the chief executive officer now owns 150,120 shares in the company, valued at approximately $16,562,739.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $115.60, for a total transaction of $358,360.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $13,846,568. The disclosure for this sale can be found here. Insiders have sold a total of 123,305 shares of company stock worth $15,656,808 in the last quarter. Corporate insiders own 12.70% of the company’s stock.
Amazon.com Stock Performance
Analysts Set New Price Targets
AMZN has been the topic of several research reports. StockNews.com raised shares of Amazon.com from a “hold” rating to a “buy” rating in a research report on Monday. Sanford C. Bernstein boosted their price objective on shares of Amazon.com from $140.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, July 19th. Rosenblatt Securities raised shares of Amazon.com from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $111.00 to $184.00 in a research report on Friday, August 4th. Credit Suisse Group boosted their price objective on shares of Amazon.com from $176.00 to $189.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Finally, Susquehanna boosted their price objective on shares of Amazon.com from $150.00 to $185.00 and gave the company a “positive” rating in a research report on Friday, August 4th. Two investment analysts have rated the stock with a hold rating and forty-six have given a buy rating to the company’s stock. According to MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average price target of $157.89.
Amazon.com Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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