Amazon.com, Inc. (NASDAQ:AMZN) is First National Bank of Hutchinson's 9th Largest Position

First National Bank of Hutchinson increased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 61.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,645 shares of the e-commerce giant's stock after acquiring an additional 9,413 shares during the period. Amazon.com makes up about 3.3% of First National Bank of Hutchinson's portfolio, making the stock its 9th biggest holding. First National Bank of Hutchinson's holdings in Amazon.com were worth $5,407,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Strategic Financial Services Inc. raised its holdings in shares of Amazon.com by 2.0% during the fourth quarter. Strategic Financial Services Inc. now owns 10,328 shares of the e-commerce giant's stock valued at $2,266,000 after acquiring an additional 204 shares during the last quarter. Sandy Spring Bank lifted its holdings in Amazon.com by 0.5% in the 4th quarter. Sandy Spring Bank now owns 260,541 shares of the e-commerce giant's stock valued at $57,160,000 after purchasing an additional 1,382 shares in the last quarter. Royal London Asset Management Ltd. raised its position in shares of Amazon.com by 0.3% in the fourth quarter. Royal London Asset Management Ltd. now owns 8,716,051 shares of the e-commerce giant's stock valued at $1,912,214,000 after buying an additional 26,343 shares during the last quarter. Next Capital Management LLC boosted its position in Amazon.com by 1.1% during the fourth quarter. Next Capital Management LLC now owns 41,895 shares of the e-commerce giant's stock worth $9,191,000 after acquiring an additional 446 shares during the last quarter. Finally, Zeno Equity Partners LLP lifted its stake in Amazon.com by 3.1% in the 4th quarter. Zeno Equity Partners LLP now owns 151,609 shares of the e-commerce giant's stock worth $33,261,000 after purchasing an additional 4,555 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 5,501 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total value of $1,256,648.44. Following the completion of the transaction, the chief executive officer now owns 505,318 shares of the company's stock, valued at approximately $115,434,843.92. This trade represents a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the transaction, the chief executive officer now directly owns 2,118,886 shares of the company's stock, valued at approximately $467,532,195.90. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,798 shares of company stock worth $23,341,803 over the last three months. 10.80% of the stock is currently owned by insiders.

Amazon.com Price Performance

Shares of AMZN stock traded up $4.10 during trading hours on Thursday, hitting $184.70. The stock had a trading volume of 13,189,772 shares, compared to its average volume of 41,826,105. The stock has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 33.38, a PEG ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The stock's 50-day moving average price is $195.11 and its two-hundred day moving average price is $207.66.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Ratings Changes

AMZN has been the topic of a number of recent analyst reports. Cantor Fitzgerald dropped their price objective on Amazon.com from $270.00 to $230.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Oppenheimer boosted their price objective on Amazon.com from $230.00 to $260.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. JMP Securities cut their price target on Amazon.com from $285.00 to $240.00 and set a "market outperform" rating for the company in a research note on Monday, April 14th. Rosenblatt Securities lifted their target price on shares of Amazon.com from $236.00 to $287.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Finally, Telsey Advisory Group cut their price target on shares of Amazon.com from $275.00 to $235.00 and set an "outperform" rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company. According to MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and an average price target of $247.56.

About Amazon.com

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.