Washington Trust Bank Has $17.31 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Washington Trust Bank increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,980.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162,972 shares of the e-commerce giant’s stock after buying an additional 155,139 shares during the period. Amazon.com accounts for about 2.2% of Washington Trust Bank’s investment portfolio, making the stock its 8th biggest holding. Washington Trust Bank’s holdings in Amazon.com were worth $17,310,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of AMZN. Savior LLC increased its stake in Amazon.com by 1,085.0% in the second quarter. Savior LLC now owns 237 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 217 shares in the last quarter. Rocky Mountain Advisers LLC increased its stake in Amazon.com by 1,311.8% in the second quarter. Rocky Mountain Advisers LLC now owns 240 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 223 shares in the last quarter. Iron Horse Wealth Management LLC increased its stake in Amazon.com by 4,540.0% in the second quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 227 shares in the last quarter. Maryland Capital Advisors Inc. increased its stake in Amazon.com by 1,900.0% in the second quarter. Maryland Capital Advisors Inc. now owns 300 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 285 shares in the last quarter. Finally, West Financial Advisors LLC increased its stake in Amazon.com by 1,584.2% in the second quarter. West Financial Advisors LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 301 shares in the last quarter. 57.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Tigress Financial lowered their target price on shares of Amazon.com from $232.00 to $192.00 and set a “buy” rating for the company in a research note on Wednesday, November 2nd. Rosenblatt Securities reduced their price target on shares of Amazon.com from $118.00 to $103.00 and set a “neutral” rating for the company in a report on Monday, November 14th. Wolfe Research reduced their price target on shares of Amazon.com from $150.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Wells Fargo & Company reduced their price target on shares of Amazon.com from $200.00 to $155.00 and set an “overweight” rating for the company in a report on Friday, October 28th. Finally, Needham & Company LLC reduced their price target on shares of Amazon.com from $175.00 to $120.00 and set a “buy” rating for the company in a report on Friday, October 28th. Two analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.40.

Amazon.com Price Performance

Shares of AMZN opened at $94.13 on Friday. The firm has a market capitalization of $960.28 billion, a PE ratio of 86.40, a PEG ratio of 6.23 and a beta of 1.23. The company’s 50-day moving average is $108.44 and its 200-day moving average is $116.60. Amazon.com, Inc. has a fifty-two week low of $85.87 and a fifty-two week high of $181.68. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.06. The company had revenue of $127.10 billion for the quarter, compared to analyst estimates of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The company’s revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 earnings per share. Equities analysts forecast that Amazon.com, Inc. will post 0.74 EPS for the current year.

Insider Activity

In related news, CEO Adam Selipsky sold 520 shares of the firm’s stock in a transaction dated Thursday, September 29th. The shares were sold at an average price of $114.61, for a total transaction of $59,597.20. Following the transaction, the chief executive officer now directly owns 114,660 shares of the company’s stock, valued at $13,141,182.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Adam Selipsky sold 520 shares of the firm’s stock in a transaction dated Thursday, September 29th. The shares were sold at an average price of $114.61, for a total transaction of $59,597.20. Following the transaction, the chief executive officer now directly owns 114,660 shares of the company’s stock, valued at $13,141,182.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,720 shares of the firm’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $95.70, for a total transaction of $164,604.00. Following the transaction, the director now directly owns 22,440 shares in the company, valued at $2,147,508. The disclosure for this sale can be found here. Insiders have sold 303,988 shares of company stock valued at $11,164,283 over the last ninety days. 12.70% of the stock is currently owned by company insiders.

About Amazon.com

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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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