Amazon.com Inc. (AMZN) Shares Sold by Whittier Trust Co. of Nevada Inc.
Whittier Trust Co. of Nevada Inc. lowered its position in Amazon.com Inc. (NASDAQ:AMZN) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,291 shares of the e-commerce giant’s stock after selling 33 shares during the period. Amazon.com comprises approximately 1.5% of Whittier Trust Co. of Nevada Inc.’s portfolio, making the stock its 12th largest position. Whittier Trust Co. of Nevada Inc.’s holdings in Amazon.com were worth $13,089,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in AMZN. Kistler Tiffany Companies LLC increased its stake in Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock worth $108,000 after buying an additional 136 shares in the last quarter. West Oak Capital LLC increased its stake in shares of Amazon.com by 105.7% in the second quarter. West Oak Capital LLC now owns 216 shares of the e-commerce giant’s stock valued at $155,000 after buying an additional 111 shares during the period. Perkins Coie Trust Co increased its stake in shares of Amazon.com by 200.0% in the second quarter. Perkins Coie Trust Co now owns 225 shares of the e-commerce giant’s stock valued at $161,000 after buying an additional 150 shares during the period. Ironwood Investment Counsel LLC acquired a new stake in shares of Amazon.com during the first quarter valued at about $203,000. Finally, Capital Asset Advisory Services LLC acquired a new stake in shares of Amazon.com during the second quarter valued at about $205,000. 65.44% of the stock is currently owned by hedge funds and other institutional investors.
Amazon.com Inc. (NASDAQ:AMZN) traded down 0.61% on Thursday, hitting $829.00. The company had a trading volume of 2,666,215 shares. Amazon.com Inc. has a 12-month low of $474.00 and a 12-month high of $847.21. The firm has a 50-day moving average price of $796.14 and a 200-day moving average price of $723.94. The firm has a market capitalization of $393.01 billion, a PE ratio of 206.17 and a beta of 1.20.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.67. The firm had revenue of $30.40 billion for the quarter, compared to analysts’ expectations of $29.54 billion. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. The company’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.19 EPS. On average, equities research analysts anticipate that Amazon.com Inc. will post $5.85 earnings per share for the current fiscal year.
AMZN has been the topic of several recent research reports. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $920.00 price target on shares of Amazon.com in a report on Thursday, September 8th. Mizuho upped their price target on shares of Amazon.com from $855.00 to $950.00 and gave the company a “buy” rating in a report on Friday, September 23rd. Evercore ISI reaffirmed a “buy” rating and issued a $1,015.00 price target (up previously from $930.00) on shares of Amazon.com in a report on Friday, September 16th. Vetr raised shares of Amazon.com from a “hold” rating to a “buy” rating and set a $880.16 price target on the stock in a report on Thursday, October 6th. Finally, Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $900.00 price target on shares of Amazon.com in a report on Wednesday, September 7th. Five analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $891.31.
In other news, VP Shelley Reynolds sold 625 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $770.10, for a total transaction of $481,312.50. Following the sale, the vice president now directly owns 6,519 shares of the company’s stock, valued at approximately $5,020,281.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $756.74, for a total value of $756,740,000.00. Following the sale, the chief executive officer now directly owns 81,871,067 shares in the company, valued at $61,955,111,241.58. The disclosure for this sale can be found here. Company insiders own 17.70% of the company’s stock.
Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).
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