Amazon.com, Inc. (NASDAQ:AMZN) Position Lowered by Hunter Associates Investment Management LLC

Hunter Associates Investment Management LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,615 shares of the e-commerce giant’s stock after selling 825 shares during the period. Hunter Associates Investment Management LLC’s holdings in Amazon.com were worth $1,122,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of AMZN. Bridgefront Capital LLC acquired a new stake in Amazon.com during the first quarter worth about $228,000. Krane Funds Advisors LLC raised its stake in Amazon.com by 239.1% during the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after acquiring an additional 55 shares during the period. Range Financial Group LLC acquired a new stake in Amazon.com during the first quarter worth about $258,000. My Personal CFO LLC acquired a new stake in Amazon.com during the first quarter worth about $261,000. Finally, Worth Asset Management LLC acquired a new stake in Amazon.com during the first quarter worth about $191,000. Institutional investors own 57.96% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on AMZN. JMP Securities reiterated a “market outperform” rating and set a $175.00 price objective on shares of Amazon.com in a research note on Monday, October 16th. Canaccord Genuity Group raised their price target on shares of Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Truist Financial dropped their price target on shares of Amazon.com from $176.00 to $174.00 and set a “buy” rating on the stock in a research note on Tuesday, October 17th. Rosenblatt Securities raised their price target on shares of Amazon.com from $184.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Finally, Barclays raised their price target on shares of Amazon.com from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, October 27th. Two investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $168.93.

Amazon.com Stock Down 1.8 %

AMZN stock opened at $143.20 on Thursday. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $147.29. The company has a quick ratio of 0.74, a current ratio of 0.98 and a debt-to-equity ratio of 0.33. The company has a market cap of $1.48 trillion, a price-to-earnings ratio of 74.20, a PEG ratio of 1.92 and a beta of 1.17. The company has a 50 day moving average of $133.48 and a two-hundred day moving average of $129.01.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $139.00, for a total transaction of $69,500.00. Following the transaction, the chief executive officer now owns 103,020 shares in the company, valued at approximately $14,319,780. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $139.00, for a total transaction of $69,500.00. Following the transaction, the chief executive officer now owns 103,020 shares in the company, valued at approximately $14,319,780. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 42,816 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $145.13, for a total transaction of $6,213,886.08. Following the transaction, the senior vice president now owns 64,380 shares in the company, valued at approximately $9,343,469.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 112,089 shares of company stock worth $15,479,976. 12.70% of the stock is owned by corporate insiders.

Amazon.com Company 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.