Whittier Trust Co. increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.1% during the first quarter, according to its most recent filing with the SEC. The fund owned 29,612 shares of the e-commerce giant’s stock after buying an additional 903 shares during the period. Amazon.com comprises 1.1% of Whittier Trust Co.’s portfolio, making the stock its 18th largest position. Whittier Trust Co.’s holdings in Amazon.com were worth $26,252,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the stock. OLD Second National Bank of Aurora boosted its position in Amazon.com by 15.0% in the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock valued at $102,000 after buying an additional 15 shares during the last quarter. Ibex Wealth Advisors bought a new position in shares of Amazon.com during the fourth quarter valued at about $113,000. Empirical Finance LLC bought a new position in shares of Amazon.com during the fourth quarter valued at about $152,000. D Orazio & Associates Inc. raised its stake in Amazon.com by 8.0% in the fourth quarter. D Orazio & Associates Inc. now owns 215 shares of the e-commerce giant’s stock valued at $161,000 after buying an additional 16 shares during the last quarter. Finally, First PREMIER Bank raised its stake in Amazon.com by 8.5% in the first quarter. First PREMIER Bank now owns 191 shares of the e-commerce giant’s stock valued at $169,000 after buying an additional 15 shares during the last quarter. 62.49% of the stock is currently owned by institutional investors and hedge funds.
Amazon.com, Inc. (NASDAQ:AMZN) traded up 0.10% during midday trading on Tuesday, hitting $1011.09. 487,218 shares of the company were exchanged. Amazon.com, Inc. has a 1-year low of $710.10 and a 1-year high of $1,017.00. The stock has a 50 day moving average of $983.46 and a 200-day moving average of $880.70. The stock has a market capitalization of $483.28 billion, a price-to-earnings ratio of 190.41 and a beta of 1.48.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.45. The business had revenue of $35.71 billion for the quarter, compared to analysts’ expectations of $35.31 billion. Amazon.com had a net margin of 1.81% and a return on equity of 13.72%. The company’s revenue was up 22.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.07 EPS. Equities analysts expect that Amazon.com, Inc. will post $6.69 earnings per share for the current year.
A number of equities analysts recently issued reports on the stock. UBS AG downgraded shares of Amazon.com from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 25th. Credit Suisse Group reiterated an “outperform” rating and set a $1,100.00 price target on shares of Amazon.com in a report on Tuesday, July 11th. Vetr cut shares of Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,105.24 target price on the stock. in a report on Monday, July 10th. Sanford C. Bernstein restated a “buy” rating on shares of Amazon.com in a research report on Tuesday, July 11th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $1,200.00 price target on shares of Amazon.com in a report on Friday. Five research analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $1,022.31.
In other Amazon.com news, insider David Zapolsky sold 505 shares of Amazon.com stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $946.59, for a total value of $478,027.95. Following the sale, the insider now directly owns 2,018 shares in the company, valued at approximately $1,910,218.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of Amazon.com stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $940.74, for a total transaction of $940,740,000.00. Following the completion of the sale, the chief executive officer now owns 80,857,196 shares in the company, valued at $76,065,598,565.04. The disclosure for this sale can be found here. Insiders have sold a total of 1,014,090 shares of company stock worth $954,546,394 over the last 90 days. Insiders own 17.70% of the company’s stock.
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
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