First National Bank of Hutchinson Sells 4,595 Shares of Amazon.com, Inc. $AMZN

First National Bank of Hutchinson reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 18.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,987 shares of the e-commerce giant’s stock after selling 4,595 shares during the period. Amazon.com accounts for approximately 2.9% of First National Bank of Hutchinson’s investment portfolio, making the stock its 8th biggest holding. First National Bank of Hutchinson’s holdings in Amazon.com were worth $4,604,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Wilson Asset Management International PTY Ltd. acquired a new position in Amazon.com during the second quarter worth $11,102,000. Western Wealth Management LLC lifted its position in shares of Amazon.com by 0.9% during the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock valued at $26,660,000 after purchasing an additional 1,297 shares in the last quarter. Flaharty Asset Management LLC boosted its holdings in Amazon.com by 87.7% during the first quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock worth $968,000 after purchasing an additional 2,377 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in Amazon.com in the 1st quarter worth about $514,000. Finally, Border to Coast Pensions Partnership Ltd boosted its stake in shares of Amazon.com by 6.0% in the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock worth $249,295,000 after buying an additional 63,924 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, CEO Matthew S. Garman sold 17,785 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the transaction, the chief executive officer directly owned 3,138 shares in the company, valued at $695,286.66. This trade represents a 85.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the transaction, the chief executive officer directly owned 2,178,502 shares in the company, valued at $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 128,084 shares of company stock valued at $29,405,457 over the last 90 days. Company insiders own 9.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AMZN shares. JMP Securities set a $300.00 target price on Amazon.com in a research report on Friday, October 31st. JPMorgan Chase & Co. raised their price objective on shares of Amazon.com from $265.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Barclays reaffirmed an “overweight” rating and issued a $300.00 price objective (up previously from $275.00) on shares of Amazon.com in a research report on Friday, October 31st. The Goldman Sachs Group raised their price target on shares of Amazon.com from $240.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Finally, UBS Group set a $310.00 price objective on Amazon.com in a research note on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and an average price target of $294.04.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $244.41 on Monday. The stock has a market cap of $2.61 trillion, a P/E ratio of 37.26, a PEG ratio of 1.52 and a beta of 1.29. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The business’s 50-day moving average price is $227.39 and its two-hundred day moving average price is $219.01. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $258.60.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.38. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. During the same quarter last year, the company posted $1.43 EPS. The business’s quarterly revenue was up 13.4% on a year-over-year basis. Amazon.com has set its Q4 2025 guidance at EPS. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal 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.