Cutter & CO Brokerage Inc. Has $8.37 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Cutter & CO Brokerage Inc. raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 36.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,971 shares of the e-commerce giant's stock after purchasing an additional 11,776 shares during the period. Amazon.com accounts for 2.0% of Cutter & CO Brokerage Inc.'s portfolio, making the stock its 9th largest holding. Cutter & CO Brokerage Inc.'s holdings in Amazon.com were worth $8,366,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northern Capital Management Inc. grew its position in shares of Amazon.com by 0.6% during the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock worth $1,613,000 after buying an additional 45 shares during the period. Balanced Wealth Group LLC grew its position in shares of Amazon.com by 1.6% during the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock worth $705,000 after buying an additional 48 shares during the period. ETF Store Inc. grew its position in shares of Amazon.com by 2.1% during the 4th quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock worth $522,000 after buying an additional 48 shares during the period. Talisman Wealth Advisors LLC grew its position in shares of Amazon.com by 1.2% during the 4th quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant's stock worth $1,020,000 after buying an additional 53 shares during the period. Finally, SWAN Capital LLC grew its position in shares of Amazon.com by 3.1% during the 4th quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant's stock worth $396,000 after buying an additional 55 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider directly owned 883,779,901 shares in the company, valued at $203,649,402,587.43. This represents a 0.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the 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 of the company's stock, valued at approximately $111,114,850. This trade represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,101,037 shares of company stock valued at $5,674,726,368 over the last 90 days. 10.80% of the stock is currently owned by company insiders.

Amazon.com Price Performance

Shares of AMZN traded up $3.01 during midday trading on Wednesday, reaching $224.48. The stock had a trading volume of 27,688,120 shares, compared to its average volume of 44,812,195. The company has a market capitalization of $2.39 trillion, a price-to-earnings ratio of 34.20, a price-to-earnings-growth ratio of 1.49 and a beta of 1.31. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The company's 50-day moving average is $220.25 and its 200 day moving average is $208.61. 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 (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. Amazon.com's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.26 EPS. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AMZN shares. Monness Crespi & Hardt boosted their target price on Amazon.com from $265.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Moffett Nathanson lifted their price objective on Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. UBS Group reiterated a "buy" rating and set a $271.00 price objective (up previously from $249.00) on shares of Amazon.com in a report on Monday, July 28th. Deutsche Bank Aktiengesellschaft lifted their price objective on Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Finally, HSBC lifted their price objective on Amazon.com from $240.00 to $256.00 in a report on Tuesday, July 22nd. One research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $262.45.

Amazon.com 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.