Hutchens & Kramer Investment Management Group LLC Buys 922 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Hutchens & Kramer Investment Management Group LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 6.9% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 14,280 shares of the e-commerce giant’s stock after acquiring an additional 922 shares during the quarter. Amazon.com accounts for about 1.5% of Hutchens & Kramer Investment Management Group LLC’s holdings, making the stock its 17th biggest holding. Hutchens & Kramer Investment Management Group LLC’s holdings in Amazon.com were worth $2,644,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. grew its position in shares of Amazon.com by 31.6% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock worth $32,894,000 after buying an additional 43,759 shares during the period. SWP Financial LLC bought a new position in Amazon.com during the 1st quarter valued at about $210,000. Geneva Partners LLC lifted its stake in Amazon.com by 24.1% during the 1st quarter. Geneva Partners LLC now owns 46,995 shares of the e-commerce giant’s stock valued at $8,477,000 after acquiring an additional 9,125 shares during the period. Concord Wealth Partners increased its position in shares of Amazon.com by 27.6% during the 1st quarter. Concord Wealth Partners now owns 40,114 shares of the e-commerce giant’s stock valued at $7,236,000 after purchasing an additional 8,687 shares during the last quarter. Finally, Summit Place Financial Advisors LLC increased its position in shares of Amazon.com by 2.9% during the 1st quarter. Summit Place Financial Advisors LLC now owns 16,472 shares of the e-commerce giant’s stock valued at $2,971,000 after purchasing an additional 465 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Up 2.5 %

NASDAQ AMZN opened at $214.10 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The company’s 50 day simple moving average is $189.05 and its 200 day simple moving average is $185.15. Amazon.com, Inc. has a 12 month low of $139.52 and a 12 month high of $215.09. The company has a market capitalization of $2.25 trillion, a P/E ratio of 45.85, a PEG ratio of 1.40 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 earnings per share. Equities research analysts expect that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,766 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the completion of the transaction, the director now directly owns 94,630 shares of the company’s stock, valued at approximately $19,858,105.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $206.75, for a total value of $619,497,843.50. Following the completion of the transaction, the insider now directly owns 914,420,614 shares of the company’s stock, valued at approximately $189,056,461,944.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jonathan Rubinstein sold 4,766 shares of Amazon.com stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the sale, the director now owns 94,630 shares of the company’s stock, valued at approximately $19,858,105.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,053,349 shares of company stock worth $1,256,503,289. 10.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus upped their price objective on Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. TD Cowen upped their price objective on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. increased their price target on Amazon.com from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Morgan Stanley increased their price target on Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Finally, Bank of America increased their price target on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $234.55.

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.