WASHINGTON TRUST Co Has $92.78 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

WASHINGTON TRUST Co decreased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 422,876 shares of the e-commerce giant's stock after selling 8,934 shares during the period. Amazon.com makes up approximately 3.3% of WASHINGTON TRUST Co's holdings, making the stock its 4th biggest position. WASHINGTON TRUST Co's holdings in Amazon.com were worth $92,775,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Center for Financial Planning Inc. raised its stake in shares of Amazon.com by 0.3% during the fourth quarter. Center for Financial Planning Inc. now owns 23,636 shares of the e-commerce giant's stock valued at $5,186,000 after purchasing an additional 60 shares in the last quarter. PUREfi Wealth LLC bought a new stake in shares of Amazon.com during the 4th quarter worth about $3,326,000. Sage Advisors LLC lifted its stake in shares of Amazon.com by 10.0% in the 4th quarter. Sage Advisors LLC now owns 27,629 shares of the e-commerce giant's stock worth $6,062,000 after acquiring an additional 2,504 shares during the period. Adell Harriman & Carpenter Inc. boosted its holdings in shares of Amazon.com by 3.6% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 215,506 shares of the e-commerce giant's stock valued at $47,280,000 after acquiring an additional 7,456 shares in the last quarter. Finally, PICTET BANK & TRUST Ltd increased its stake in shares of Amazon.com by 0.8% during the fourth quarter. PICTET BANK & TRUST Ltd now owns 59,380 shares of the e-commerce giant's stock valued at $13,027,000 after acquiring an additional 475 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

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Insider Activity

In other news, CEO Douglas J. Herrington sold 27,500 shares of the firm'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 transaction, the chief executive officer now directly owns 497,067 shares of the company's stock, valued at approximately $114,459,618.09. This trade represents a 5.24 % decrease in their position. The transaction 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 company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. The trade was a 6.87 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 102,298 shares of company stock worth $22,871,828. Company insiders own 10.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Sanford C. Bernstein increased their price target on Amazon.com from $235.00 to $265.00 and gave the company an "outperform" rating in a research note on Wednesday, December 18th. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. HSBC upped their price target on shares of Amazon.com from $225.00 to $270.00 and gave the company a "buy" rating in a report on Monday, January 13th. The Goldman Sachs Group increased their target price on shares of Amazon.com from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Finally, Benchmark upped their price target on Amazon.com from $215.00 to $265.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $260.65.

Amazon.com Stock Performance

NASDAQ:AMZN traded down $2.21 during mid-day trading on Monday, hitting $195.74. 47,047,364 shares of the company's stock traded hands, compared to its average volume of 38,212,310. The firm has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 35.40, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The firm has a 50 day moving average of $221.65 and a two-hundred day moving average of $207.76. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates 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, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal 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.