Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 581,687 shares of the e-commerce giant’s stock after buying an additional 17,232 shares during the period. Amazon.com comprises approximately 3.1% of Whittier Trust Co. of Nevada Inc.’s holdings, making the stock its 5th largest holding. Whittier Trust Co. of Nevada Inc.’s holdings in Amazon.com were worth $127,616,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMZN. Accordant Advisory Group Inc lifted its position in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Compass Planning Associates Inc acquired a new stake in Amazon.com during the 4th quarter worth $51,000. Quattro Financial Advisors LLC lifted its stake in shares of Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after purchasing an additional 45 shares during the period. Halbert Hargrove Global Advisors LLC bought a new position in shares of Amazon.com in the 4th quarter worth $54,000. Finally, Iron Horse Wealth Management LLC increased its holdings in Amazon.com by 64.4% in the fourth quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant’s stock valued at $63,000 after purchasing an additional 112 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AMZN shares. Jefferies Financial Group lowered their price target on Amazon.com from $275.00 to $250.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Telsey Advisory Group reissued an “outperform” rating and issued a $275.00 price target on shares of Amazon.com in a report on Friday, February 7th. Piper Sandler reiterated an “overweight” rating and set a $265.00 target price (up from $225.00) on shares of Amazon.com in a report on Friday, February 7th. The Goldman Sachs Group increased their price target on Amazon.com from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Morgan Stanley decreased their price objective on Amazon.com from $280.00 to $245.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Two analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $249.90.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $167.32 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm has a market cap of $1.77 trillion, a price-to-earnings ratio of 30.26, a P/E/G ratio of 1.50 and a beta of 1.39. The stock’s fifty day moving average price is $197.21 and its two-hundred day moving average price is $208.09. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the transaction, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. The trade was a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares of the company’s stock, valued at $95,776,017.26. The trade was a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is currently owned by company insiders.

About Amazon.com

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.