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
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:AMZN – Get 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
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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