Cutter & CO Brokerage Inc. Has $1.22 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Cutter & CO Brokerage Inc. lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 395 shares of the e-commerce giant’s stock after buying an additional 28 shares during the quarter. Cutter & CO Brokerage Inc.’s holdings in Amazon.com were worth $1,222,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. NinePointTwo Capital acquired a new position in Amazon.com during the 4th quarter worth approximately $1,896,000. C WorldWide Group Holding A S increased its holdings in shares of Amazon.com by 0.9% during the first quarter. C WorldWide Group Holding A S now owns 240,736 shares of the e-commerce giant’s stock valued at $744,856,000 after acquiring an additional 2,193 shares in the last quarter. High Note Wealth LLC raised its position in shares of Amazon.com by 3.8% during the first quarter. High Note Wealth LLC now owns 2,568 shares of the e-commerce giant’s stock worth $7,945,000 after purchasing an additional 95 shares during the period. Barr E S & Co. lifted its holdings in shares of Amazon.com by 0.3% in the 4th quarter. Barr E S & Co. now owns 14,341 shares of the e-commerce giant’s stock worth $46,708,000 after purchasing an additional 43 shares in the last quarter. Finally, Lindbrook Capital LLC grew its position in Amazon.com by 3.3% in the 1st quarter. Lindbrook Capital LLC now owns 1,559 shares of the e-commerce giant’s stock valued at $4,824,000 after purchasing an additional 50 shares during the period. Institutional investors own 57.05% of the company’s stock.

In related news, VP Shelley Reynolds sold 222 shares of the stock in a transaction on Monday, May 17th. The stock was sold at an average price of $3,245.93, for a total value of $720,596.46. Following the sale, the vice president now owns 6,211 shares in the company, valued at $20,160,471.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew R. Jassy sold 492 shares of Amazon.com stock in a transaction on Friday, May 21st. The shares were sold at an average price of $3,250.00, for a total value of $1,599,000.00. Following the sale, the chief executive officer now directly owns 85,264 shares of the company’s stock, valued at approximately $277,108,000. The disclosure for this sale can be found here. Insiders have sold a total of 131,040 shares of company stock worth $449,201,684 in the last ninety days. 14.00% of the stock is currently owned by insiders.

Several research analysts have weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Amazon.com from $4,100.00 to $4,500.00 and gave the company an “overweight” rating in a research note on Friday, April 30th. Susquehanna Bancshares upped their target price on shares of Amazon.com from $5,200.00 to $5,500.00 and gave the stock a “positive” rating in a report on Friday, April 30th. Canaccord Genuity lifted their price target on Amazon.com from $4,100.00 to $4,400.00 and gave the company a “buy” rating in a research note on Friday, April 30th. Oppenheimer increased their price objective on Amazon.com from $4,100.00 to $4,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 21st. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their target price on Amazon.com from $3,750.00 to $4,175.00 and gave the company a “buy” rating in a research report on Wednesday, May 12th. Two research analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $4,168.98.

Shares of AMZN opened at $3,349.65 on Friday. Amazon.com, Inc. has a 52-week low of $2,503.35 and a 52-week high of $3,554.00. The business’s 50-day moving average is $3,289.65. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.05 and a quick ratio of 0.85. The stock has a market cap of $1.69 trillion, a PE ratio of 63.74, a price-to-earnings-growth ratio of 2.00 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Wednesday, April 28th. The e-commerce giant reported $15.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.54 by $6.25. Amazon.com had a net margin of 6.42% and a return on equity of 30.47%. The firm had revenue of $108.52 billion for the quarter, compared to the consensus estimate of $105.23 billion. As a group, research analysts predict that Amazon.com, Inc. will post 57.12 earnings per share for the current year.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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