First National Bank of Hutchinson Has $3.26 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

First National Bank of Hutchinson cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,854 shares of the e-commerce giant’s stock after selling 583 shares during the quarter. Amazon.com comprises about 2.1% of First National Bank of Hutchinson’s holdings, making the stock its 9th largest position. First National Bank of Hutchinson’s holdings in Amazon.com were worth $3,257,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Etesian Wealth Advisors Inc. increased its holdings in Amazon.com by 2.2% in the 2nd quarter. Etesian Wealth Advisors Inc. now owns 17,622 shares of the e-commerce giant’s stock worth $3,405,000 after acquiring an additional 380 shares during the last quarter. Waterway Wealth Management LLC boosted its position in Amazon.com by 3.1% during the second quarter. Waterway Wealth Management LLC now owns 3,320 shares of the e-commerce giant’s stock worth $642,000 after purchasing an additional 100 shares during the period. Value Star Asset Management Hong Kong Ltd increased its stake in shares of Amazon.com by 16.7% in the second quarter. Value Star Asset Management Hong Kong Ltd now owns 35,000 shares of the e-commerce giant’s stock worth $6,764,000 after purchasing an additional 5,000 shares in the last quarter. Wesleyan Assurance Society bought a new stake in shares of Amazon.com in the second quarter valued at approximately $1,199,000. Finally, First Merchants Corp lifted its stake in shares of Amazon.com by 5.3% during the 2nd quarter. First Merchants Corp now owns 121,471 shares of the e-commerce giant’s stock valued at $23,474,000 after buying an additional 6,138 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $195.99, for a total value of $685,965.00. Following the completion of the transaction, the chief executive officer now owns 519,753 shares of the company’s stock, valued at approximately $101,866,390.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $195.99, for a total value of $685,965.00. Following the completion of the sale, the chief executive officer now directly owns 519,753 shares in the company, valued at $101,866,390.47. The disclosure for this sale can be found here. Insiders sold 6,104,317 shares of company stock worth $1,220,621,322 over the last three months. Company insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on AMZN. Wedbush reiterated an “outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a research note on Friday, August 2nd. TD Cowen lifted their price target on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Roth Mkm increased their price objective on Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Stifel Nicolaus reduced their target price on Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, Robert W. Baird raised their price objective on shares of Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a research report on Friday, June 21st. One research analyst has rated the stock with a hold rating, forty have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $222.49.

Amazon.com Stock Down 0.3 %

NASDAQ AMZN opened at $186.49 on Monday. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The stock has a market capitalization of $1.94 trillion, a PE ratio of 52.24, a PEG ratio of 1.39 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The business’s 50-day moving average is $179.51 and its 200 day moving average is $181.68.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. Sell-side analysts forecast that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Amazon.com Profile

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.