Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Reduced by Washington Trust Bank

Washington Trust Bank decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,031 shares of the e-commerce giant’s stock after selling 6,667 shares during the period. Amazon.com makes up approximately 2.6% of Washington Trust Bank’s investment portfolio, making the stock its 8th biggest position. Washington Trust Bank’s holdings in Amazon.com were worth $27,211,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Accordant Advisory Group Inc increased its stake in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after acquiring an additional 100 shares during the last quarter. Icon Wealth Advisors LLC grew its holdings in shares of Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after purchasing an additional 25,581 shares in the last quarter. Quattro Financial Advisors LLC increased its position in Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after purchasing an additional 45 shares during the last quarter. Compass Planning Associates Inc purchased a new stake in Amazon.com during the fourth quarter valued at $51,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in Amazon.com during the fourth quarter valued at $54,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

AMZN opened at $173.18 on Wednesday. The firm has a market capitalization of $1.84 trillion, a PE ratio of 31.32, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. 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 business’s 50-day moving average is $196.07 and its two-hundred day moving average is $207.85. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (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%. Research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and set a $250.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Jefferies Financial Group decreased their price objective on Amazon.com from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Tuesday. Rosenblatt Securities lifted their target price on Amazon.com from $236.00 to $287.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft cut their target price on Amazon.com from $287.00 to $206.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, Raymond James restated an “outperform” rating and issued a $195.00 price target (down from $275.00) on shares of Amazon.com in a research report on Monday. Two analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the stock. According to MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average target price of $248.96.

Insider Transactions at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the business’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 sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. The trade was a 6.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,798 shares of company stock valued at $23,341,803. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Profile

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.