First National Bank of Hutchinson Has $1.08 Million Stake in Amazon.com, Inc. (AMZN)

First National Bank of Hutchinson raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 31.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,214 shares of the e-commerce giant’s stock after buying an additional 288 shares during the period. Amazon.com makes up about 0.6% of First National Bank of Hutchinson’s holdings, making the stock its 17th largest position. First National Bank of Hutchinson’s holdings in Amazon.com were worth $1,076,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. OLD Second National Bank of Aurora raised its position in Amazon.com by 15.0% in the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock worth $102,000 after buying an additional 15 shares during the period. Ibex Wealth Advisors purchased a new position in Amazon.com during the fourth quarter worth about $113,000. Arcadia Investment Management Corp MI raised its position in Amazon.com by 43.7% in the first quarter. Arcadia Investment Management Corp MI now owns 171 shares of the e-commerce giant’s stock worth $152,000 after buying an additional 52 shares during the period. D Orazio & Associates Inc. raised its position in Amazon.com by 8.0% in the fourth quarter. D Orazio & Associates Inc. now owns 215 shares of the e-commerce giant’s stock worth $161,000 after buying an additional 16 shares during the period. Finally, First PREMIER Bank raised its position in Amazon.com by 8.5% in the first quarter. First PREMIER Bank now owns 191 shares of the e-commerce giant’s stock worth $169,000 after buying an additional 15 shares during the period. 61.90% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com, Inc. (NASDAQ:AMZN) traded down 0.22% during trading on Friday, hitting $958.47. The stock had a trading volume of 3,284,821 shares. The company has a market capitalization of $460.43 billion, a P/E ratio of 243.76 and a beta of 1.48. The stock’s 50-day moving average price is $995.90 and its 200-day moving average price is $931.08. Amazon.com, Inc. has a 1-year low of $710.10 and a 1-year high of $1,083.31.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by $1.00. The firm had revenue of $37.96 billion for the quarter, compared to the consensus estimate of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. Amazon.com’s revenue was up 24.8% on a year-over-year basis. During the same period last year, the business earned $1.78 EPS. Analysts expect that Amazon.com, Inc. will post $3.83 earnings per share for the current year.

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Several research analysts have recently weighed in on the stock. Robert W. Baird reiterated an “outperform” rating and set a $1,100.00 price objective on shares of Amazon.com in a report on Wednesday. SunTrust Banks, Inc. assumed coverage on shares of Amazon.com in a report on Tuesday. They set a “buy” rating and a $1,220.00 price objective on the stock. Cowen and Company reiterated an “outperform” rating and set a $1,125.00 price objective on shares of Amazon.com in a report on Thursday, August 10th. Piper Jaffray Companies reiterated an “overweight” rating and set a $1,200.00 price objective on shares of Amazon.com in a report on Thursday, August 10th. Finally, Tigress Financial restated a “buy” rating on shares of Amazon.com in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, forty-four have given a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $1,078.80.

In other Amazon.com news, CEO Andrew R. Jassy sold 1,985 shares of Amazon.com stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $986.12, for a total value of $1,957,448.20. Following the completion of the sale, the chief executive officer now owns 81,479 shares of the company’s stock, valued at approximately $80,348,071.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey A. Wilke sold 2,000 shares of Amazon.com stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $1,011.06, for a total transaction of $2,022,120.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $10,110,600. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,463 shares of company stock valued at $16,299,266. 17.70% of the stock is currently owned by insiders.

About Amazon.com

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.

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

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