Whittier Trust Co. Has $20,170,000 Position in Amazon.com Inc. (AMZN)
Whittier Trust Co. boosted its stake in shares of Amazon.com Inc. (NASDAQ:AMZN) by 1.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,187 shares of the e-commerce giant’s stock after buying an additional 363 shares during the period. Amazon.com makes up about 0.9% of Whittier Trust Co.’s holdings, making the stock its 24th largest position. Whittier Trust Co.’s holdings in Amazon.com were worth $20,170,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in AMZN. LPL Financial LLC boosted its stake in shares of Amazon.com by 24.5% in the first quarter. LPL Financial LLC now owns 105,035 shares of the e-commerce giant’s stock valued at $61,567,000 after buying an additional 20,700 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Amazon.com by 9.0% in the second quarter. Acadian Asset Management LLC now owns 117,216 shares of the e-commerce giant’s stock valued at $83,882,000 after buying an additional 9,640 shares during the last quarter. Prudential PLC boosted its stake in shares of Amazon.com by 5.7% in the first quarter. Prudential PLC now owns 105,738 shares of the e-commerce giant’s stock valued at $62,771,000 after buying an additional 5,657 shares during the last quarter. Suvretta Capital Management LLC purchased a new stake in shares of Amazon.com during the first quarter valued at $147,407,000. Finally, British Columbia Investment Management Corp boosted its stake in shares of Amazon.com by 1.3% in the second quarter. British Columbia Investment Management Corp now owns 204,723 shares of the e-commerce giant’s stock valued at $146,504,000 after buying an additional 2,602 shares during the last quarter. 65.44% of the stock is owned by institutional investors and hedge funds.
Shares of Amazon.com Inc. (NASDAQ:AMZN) traded down 0.525% on Thursday, hitting $829.707. The stock had a trading volume of 2,737,893 shares. The firm has a 50 day moving average of $796.14 and a 200 day moving average of $723.94. Amazon.com Inc. has a 12 month low of $474.00 and a 12 month high of $847.21. The stock has a market cap of $393.34 billion, a P/E ratio of 206.343 and a beta of 1.20.
Amazon.com (NASDAQ:AMZN) last posted its earnings results 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 earned $30.40 billion during 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 firm’s revenue was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.19 earnings per share. On average, equities analysts forecast that Amazon.com Inc. will post $5.85 earnings per share for the current fiscal year.
Several equities research analysts have weighed in on AMZN shares. Goldman Sachs Group Inc. reissued a “buy” rating and set a $920.00 price target on shares of Amazon.com in a research report on Thursday, September 8th. Mizuho increased their price target on shares of Amazon.com from $855.00 to $950.00 and gave the company a “buy” rating in a research report on Friday, September 23rd. Evercore ISI reissued a “buy” rating and set a $1,015.00 price target (up previously from $930.00) on shares of Amazon.com in a research report on Friday, September 16th. Vetr raised shares of Amazon.com from a “hold” rating to a “buy” rating and set a $880.16 target price for the company in a research report on Thursday, October 6th. Finally, Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $900.00 target price on shares of Amazon.com in a research report on Wednesday, September 7th. Five investment 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 currently has a consensus rating of “Buy” and an average target price of $891.31.
In other Amazon.com news, VP Shelley Reynolds sold 625 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $770.10, for a total value of $481,312.50. Following the completion of the sale, the vice president now owns 6,519 shares in the company, valued at $5,020,281.90. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jeffrey M. Blackburn sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $760.98, for a total value of $7,609,800.00. Following the completion of the sale, the insider now owns 55,887 shares of the company’s stock, valued at approximately $42,528,889.26. The disclosure for this sale can be found here. 17.70% of the stock is owned by company insiders.
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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