Washington Trust Advisors Inc. Has $48.71 Million Holdings in Amazon.com, Inc. $AMZN

Washington Trust Advisors Inc. trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 211,016 shares of the e-commerce giant’s stock after selling 3,211 shares during the period. Amazon.com accounts for approximately 3.7% of Washington Trust Advisors Inc.’s holdings, making the stock its 5th largest position. Washington Trust Advisors Inc.’s holdings in Amazon.com were worth $48,707,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Drucker Wealth 3.0 LLC boosted its holdings in shares of Amazon.com by 6.5% during the 4th quarter. Drucker Wealth 3.0 LLC now owns 31,031 shares of the e-commerce giant’s stock worth $7,163,000 after buying an additional 1,898 shares during the period. RB Capital Management LLC boosted its holdings in shares of Amazon.com by 0.6% during the 4th quarter. RB Capital Management LLC now owns 46,495 shares of the e-commerce giant’s stock worth $10,732,000 after buying an additional 278 shares during the period. Farmers & Merchants Investments Inc. boosted its holdings in shares of Amazon.com by 12.8% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 151,881 shares of the e-commerce giant’s stock worth $35,057,000 after buying an additional 17,188 shares during the period. Legacy Wealth Managment LLC ID boosted its holdings in shares of Amazon.com by 31.1% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 5,831 shares of the e-commerce giant’s stock worth $1,346,000 after buying an additional 1,384 shares during the period. Finally, F m Investments LLC boosted its holdings in shares of Amazon.com by 1.2% during the 4th quarter. F m Investments LLC now owns 336,586 shares of the e-commerce giant’s stock worth $77,691,000 after buying an additional 4,136 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Trading Down 3.5%

Shares of Amazon.com stock opened at $261.26 on Tuesday. The stock has a market capitalization of $2.81 trillion, a P/E ratio of 31.25, a price-to-earnings-growth ratio of 2.03 and a beta of 1.45. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. The company has a 50-day simple moving average of $246.43 and a 200 day simple moving average of $232.58. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $278.56.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $1.15. The business had revenue of $181.52 billion during the quarter, compared to analysts’ expectations of $177.28 billion. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter last year, the company posted $1.59 EPS. Research analysts expect that Amazon.com, Inc. will post 7.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research reports. Stifel Nicolaus set a $319.00 price target on shares of Amazon.com and gave the company a “buy” rating in a report on Thursday, April 30th. Rosenblatt Securities increased their price target on shares of Amazon.com from $296.00 to $332.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Susquehanna reissued a “positive” rating and issued a $325.00 price target (up from $300.00) on shares of Amazon.com in a report on Thursday, April 30th. Scotiabank reissued an “outperform” rating and issued a $325.00 price target (up from $275.00) on shares of Amazon.com in a report on Thursday, April 30th. Finally, Mizuho increased their price target on shares of Amazon.com from $315.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, April 28th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $312.52.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 6,370 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $262.39, for a total value of $1,671,424.30. Following the completion of the sale, the chief executive officer owned 486,527 shares in the company, valued at approximately $127,659,819.53. This trade represents a 1.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $263.42, for a total transaction of $5,268,400.00. Following the completion of the sale, the chief executive officer owned 2,205,766 shares of the company’s stock, valued at $581,042,879.72. The trade was a 0.90% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 194,774 shares of company stock worth $51,348,244 over the last ninety days. Company insiders own 8.90% of the company’s stock.

Amazon.com News Summary

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Amazon moved Prime Day to June 23-26 and expanded it to four days, potentially boosting near-term retail sales and Prime engagement. Reuters Prime Day article
• Positive Sentiment: Analysts remain upbeat on Amazon’s cloud and satellite opportunities, with some saying the LEO project is nearing revenue generation. TipRanks BofA article
• Neutral Sentiment: Investors are watching Amazon’s AI and data-center initiatives, with new commentary suggesting the business remains tied to broader AI infrastructure spending.
• Negative Sentiment: The EU is reportedly tightening cloud rules for strategic state tenders, which could reduce Amazon Web Services’ access to some public-sector contracts in Europe. Reuters EU cloud rules article
• Negative Sentiment: Blue Origin’s rocket setback may slow Amazon’s satellite internet roadmap, adding uncertainty to a long-term growth project. Yahoo Finance Blue Origin article

About Amazon.com

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.