Whittier Trust Co. Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Whittier Trust Co. lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,107,513 shares of the e-commerce giant’s stock after purchasing an additional 14,913 shares during the quarter. Amazon.com accounts for approximately 3.2% of Whittier Trust Co.’s investment portfolio, making the stock its 6th biggest holding. Whittier Trust Co.’s holdings in Amazon.com were worth $242,977,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Swedbank AB boosted its position in Amazon.com by 1.4% during the third quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock valued at $2,484,864,000 after purchasing an additional 183,610 shares during the last quarter. Sassicaia Capital Advisers LLC acquired a new position in Amazon.com during the third quarter worth $279,000. Howard Capital Management Group LLC lifted its stake in Amazon.com by 0.3% in the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant’s stock valued at $66,434,000 after acquiring an additional 897 shares during the last quarter. Meridian Management Co. increased its stake in shares of Amazon.com by 27.6% during the 3rd quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant’s stock worth $6,235,000 after purchasing an additional 7,246 shares during the last quarter. Finally, Pettinga Financial Advisors LLC lifted its stake in Amazon.com by 4.3% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 5,512 shares of the e-commerce giant’s stock valued at $1,027,000 after purchasing an additional 225 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AMZN. The Goldman Sachs Group raised their price objective on Amazon.com from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Telsey Advisory Group restated an “outperform” rating and set a $275.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Piper Sandler restated an “overweight” rating and set a $265.00 price objective (up from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. DA Davidson dropped their price target on Amazon.com from $280.00 to $230.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, Royal Bank of Canada lifted their target price on Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $249.90.

Amazon.com Trading Down 3.1 %

Shares of AMZN stock opened at $167.32 on Tuesday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average of $197.21 and a 200-day moving average of $208.09. The firm has a market cap of $1.77 trillion, a P/E ratio of 30.26, a PEG ratio of 1.50 and a beta of 1.39.

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

Insider Activity

In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. This represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock valued at $23,341,803 over the last quarter. Company insiders own 10.80% of the company’s stock.

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.