Hunter Associates Investment Management LLC Buys 298 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Hunter Associates Investment Management LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,294 shares of the e-commerce giant’s stock after buying an additional 298 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in Amazon.com were worth $2,147,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank bought a new stake in shares of Amazon.com during the 4th quarter worth about $27,266,582,000. GAMMA Investing LLC increased its stake in shares of Amazon.com by 21,420.5% during the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock worth $5,754,425,000 after purchasing an additional 30,104,520 shares during the period. Capital World Investors lifted its holdings in Amazon.com by 36.8% during the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock worth $14,416,078,000 after purchasing an additional 17,681,004 shares during the last quarter. Vanguard Group Inc. boosted its stake in Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. Finally, Capital International Investors boosted its stake in Amazon.com by 26.5% in the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant’s stock valued at $12,564,961,000 after purchasing an additional 12,000,745 shares during the period. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Morgan Stanley reiterated an “overweight” rating on shares of Amazon.com in a research report on Monday, July 28th. Citigroup raised their price objective on Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Westpark Capital restated a “buy” rating and issued a $280.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Finally, Wells Fargo & Company increased their price objective on shares of Amazon.com from $238.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. One equities research analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $262.45.

Insiders Place Their Bets

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the transaction, the insider directly owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $217.00, for a total value of $542,500.00. Following the completion of the sale, the chief executive officer owned 512,050 shares in the company, valued at $111,114,850. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,102,037 shares of company stock worth $5,674,937,048. Company insiders own 9.70% of the company’s stock.

Amazon.com Stock Up 3.9%

Shares of Amazon.com stock opened at $222.19 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The company has a market cap of $2.37 trillion, a P/E ratio of 33.87, a PEG ratio of 1.44 and a beta of 1.31. The company’s fifty day simple moving average is $218.92 and its two-hundred day simple moving average is $209.05.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.26 EPS. Research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Amazon.com Company 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.