Whittier Trust Co. Raises Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Whittier Trust Co. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 46,191 shares of the e-commerce giant’s stock after purchasing an additional 1,116 shares during the quarter. Amazon.com makes up 2.5% of Whittier Trust Co.’s portfolio, making the stock its 7th biggest position. Whittier Trust Co.’s holdings in Amazon.com were worth $150,580,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Lipe & Dalton raised its holdings in Amazon.com by 4.0% during the fourth quarter. Lipe & Dalton now owns 104 shares of the e-commerce giant’s stock worth $347,000 after purchasing an additional 4 shares in the last quarter. Mokosak Advisory Group LLC raised its stake in Amazon.com by 5.8% during the 4th quarter. Mokosak Advisory Group LLC now owns 73 shares of the e-commerce giant’s stock worth $244,000 after acquiring an additional 4 shares in the last quarter. Palisades Hudson Asset Management L.P. lifted its position in Amazon.com by 0.6% in the fourth quarter. Palisades Hudson Asset Management L.P. now owns 673 shares of the e-commerce giant’s stock valued at $2,244,000 after acquiring an additional 4 shares during the last quarter. BHK Investment Advisors LLC lifted its position in Amazon.com by 1.1% in the fourth quarter. BHK Investment Advisors LLC now owns 375 shares of the e-commerce giant’s stock valued at $1,250,000 after acquiring an additional 4 shares during the last quarter. Finally, Navalign LLC boosted its stake in Amazon.com by 0.7% in the fourth quarter. Navalign LLC now owns 575 shares of the e-commerce giant’s stock valued at $1,917,000 after acquiring an additional 4 shares in the last quarter. Hedge funds and other institutional investors own 72.51% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Barclays boosted their target price on Amazon.com from $195.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, July 29th. Piper Sandler boosted their price objective on Amazon.com from $170.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, July 29th. Credit Suisse Group lowered their target price on shares of Amazon.com from $185.00 to $170.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 26th. Susquehanna reduced their price target on shares of Amazon.com from $250.00 to $190.00 in a research report on Friday, April 29th. Finally, MKM Partners decreased their price target on shares of Amazon.com from $180.00 to $165.00 in a research note on Monday, July 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and thirty have issued a buy rating to the company’s stock. According to data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $179.45.

Insider Activity at Amazon.com

In other Amazon.com news, CEO David H. Clark sold 2,270 shares of the firm’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. Following the sale, the chief executive officer now directly owns 6,695 shares of the company’s stock, valued at approximately $14,522,927.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, CEO David H. Clark sold 2,270 shares of the business’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total value of $4,924,129.40. Following the completion of the transaction, the chief executive officer now directly owns 6,695 shares in the company, valued at approximately $14,522,927.90. 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 1,181 shares of the firm’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $2,262.00, for a total value of $2,671,422.00. Following the sale, the chief executive officer now owns 92,781 shares in the company, valued at approximately $209,870,622. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,803 shares of company stock valued at $10,528,337. 12.70% of the stock is owned by insiders.

Amazon.com Trading Down 0.9 %

Shares of Amazon.com stock opened at $134.16 on Wednesday. The business has a 50 day moving average price of $115.29 and a 200 day moving average price of $134.71. The company has a market capitalization of $1.36 trillion, a P/E ratio of 120.27, a P/E/G ratio of 5.15 and a beta of 1.33. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.95 and a quick ratio of 0.68. Amazon.com, Inc. has a 1 year low of $101.26 and a 1 year high of $188.11.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The company had revenue of $121.23 billion during the quarter, compared to analyst estimates of $119.16 billion. During the same period last year, the firm earned $0.76 earnings per share. The business’s revenue was up 7.2% compared to the same quarter last year. Sell-side analysts anticipate that Amazon.com, Inc. will post 1.12 EPS for the current fiscal year.

Amazon.com Company Profile

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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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