Whittier Trust Co. of Nevada Inc. Purchases 17,232 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 581,687 shares of the e-commerce giant's stock after purchasing an additional 17,232 shares during the period. Amazon.com accounts for about 3.1% of Whittier Trust Co. of Nevada Inc.'s portfolio, making the stock its 5th largest position. Whittier Trust Co. of Nevada Inc.'s holdings in Amazon.com were worth $127,616,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. State Street Corp raised its holdings in Amazon.com by 3.3% in the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock worth $66,926,008,000 after purchasing an additional 11,370,309 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Amazon.com by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock worth $37,116,341,000 after acquiring an additional 6,545,944 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Amazon.com by 0.8% during the fourth quarter. Bank of New York Mellon Corp now owns 67,092,427 shares of the e-commerce giant's stock valued at $14,719,407,000 after acquiring an additional 545,292 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Amazon.com by 4.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 59,638,207 shares of the e-commerce giant's stock valued at $13,084,026,000 after acquiring an additional 2,330,113 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Amazon.com by 3.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,833,954 shares of the e-commerce giant's stock worth $10,776,201,000 after purchasing an additional 1,984,592 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Insider Activity

In related news, CEO Douglas J. Herrington sold 27,500 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares of the company's stock, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,798 shares of company stock worth $23,341,803 over the last three months. Insiders own 10.80% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AMZN. Raymond James reiterated an "outperform" rating and set a $195.00 price objective (down previously from $275.00) on shares of Amazon.com in a report on Monday. Wolfe Research raised their price target on Amazon.com from $250.00 to $270.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Oppenheimer upped their price objective on shares of Amazon.com from $230.00 to $260.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Morgan Stanley dropped their target price on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Finally, Jefferies Financial Group cut their price target on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company's stock. According to data from MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and a consensus target price of $247.56.

Amazon.com Price Performance

Shares of Amazon.com stock traded up $7.66 during mid-day trading on Wednesday, reaching $180.84. 63,151,736 shares of the stock traded hands, compared to its average volume of 41,914,739. The stock has a market capitalization of $1.92 trillion, a PE ratio of 32.70, a PEG ratio of 1.50 and a beta of 1.39. The business has a 50-day moving average of $196.07 and a 200 day moving average of $207.85. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.