Hutchinson Capital Management CA boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 2.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 4,936 shares of the e-commerce giant’s stock after purchasing an additional 135 shares during the period. Hutchinson Capital Management CA’s holdings in Amazon.com were worth $643,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of AMZN. State Street Corp lifted its stake in shares of Amazon.com by 1,869.1% in the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after acquiring an additional 310,134,486 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Amazon.com by 1,838.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after acquiring an additional 295,880,050 shares during the period. FMR LLC lifted its stake in shares of Amazon.com by 1,792.4% in the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after acquiring an additional 270,931,640 shares during the period. Moneta Group Investment Advisors LLC lifted its stake in shares of Amazon.com by 120,235.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock valued at $9,784,345,000 after purchasing an additional 116,383,502 shares during the period. Finally, Norges Bank purchased a new stake in Amazon.com during the fourth quarter worth about $8,263,591,000. 57.96% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts recently commented on the stock. Canaccord Genuity Group boosted their price objective on shares of Amazon.com from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Wedbush reissued an “outperform” rating and set a $180.00 price objective on shares of Amazon.com in a report on Wednesday. TD Cowen boosted their price objective on shares of Amazon.com from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Evercore ISI boosted their price objective on shares of Amazon.com from $150.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Finally, Piper Sandler boosted their price objective on shares of Amazon.com from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, August 24th. Two analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $165.21.
Amazon.com Stock Performance
Shares of AMZN stock opened at $125.17 on Friday. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $145.86. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.95. The company has a 50 day moving average price of $133.41 and a 200 day moving average price of $124.92. The firm has a market capitalization of $1.29 trillion, a price-to-earnings ratio of 98.56, a price-to-earnings-growth ratio of 1.95 and a beta of 1.24.
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, topping the consensus estimate of $0.34 by $0.29. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. The firm had revenue of $134.38 billion during the quarter, compared to analyst estimates of $131.54 billion. Sell-side analysts anticipate that Amazon.com, Inc. will post 2.23 EPS for the current year.
Insiders Place Their Bets
In other Amazon.com news, major shareholder Amazon Com Inc sold 1,177,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the completion of the sale, the insider now directly owns 12,741,445 shares in the company, valued at $248,458,177.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Amazon.com news, major shareholder Amazon Com Inc sold 1,177,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the completion of the sale, the insider now directly owns 12,741,445 shares in the company, valued at $248,458,177.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $129.48, for a total transaction of $64,740.00. Following the sale, the chief executive officer now owns 149,780 shares of the company’s stock, valued at $19,393,514.40. The disclosure for this sale can be found here. Insiders sold a total of 1,408,645 shares of company stock worth $55,207,763 over the last ninety days. 12.30% of the stock is owned by company insiders.
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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