Whittier Trust Co. Has $242.98 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Whittier Trust Co. lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,107,513 shares of the e-commerce giant's stock after purchasing an additional 14,913 shares during the period. Amazon.com comprises about 3.2% of Whittier Trust Co.'s holdings, making the stock its 6th largest holding. Whittier Trust Co.'s holdings in Amazon.com were worth $242,977,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Elevate Wealth Advisory Inc. increased its position in shares of Amazon.com by 9.7% in the 4th quarter. Elevate Wealth Advisory Inc. now owns 1,273 shares of the e-commerce giant's stock valued at $279,000 after purchasing an additional 113 shares during the last quarter. BluePointe Capital Management LLC increased its holdings in Amazon.com by 19.8% in the fourth quarter. BluePointe Capital Management LLC now owns 18,224 shares of the e-commerce giant's stock valued at $3,998,000 after buying an additional 3,009 shares during the last quarter. Certus Wealth Management LLC purchased a new stake in Amazon.com during the 4th quarter worth about $234,000. Northwest & Ethical Investments L.P. increased its holdings in shares of Amazon.com by 47.5% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 278,489 shares of the e-commerce giant's stock valued at $61,096,000 after acquiring an additional 89,634 shares during the last quarter. Finally, Berkshire Capital Holdings Inc. lifted its stake in Amazon.com by 799,000.0% during the fourth quarter. Berkshire Capital Holdings Inc. now owns 79,910 shares of the e-commerce giant's stock worth $17,531,000 after purchasing an additional 79,900 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AMZN. Truist Financial lowered their target price on shares of Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Jefferies Financial Group dropped their price objective on Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a report on Tuesday. Piper Sandler reissued an "overweight" rating and issued a $265.00 target price (up from $225.00) on shares of Amazon.com in a report on Friday, February 7th. JMP Securities decreased their target price on Amazon.com from $285.00 to $240.00 and set a "market outperform" rating for the company in a research report on Monday, April 14th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating on shares of Amazon.com in a research report on Thursday, February 13th. Two analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company. Based on data from MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and a consensus price target of $247.56.

Amazon.com Trading Up 2.9 %

Shares of Amazon.com stock traded up $5.17 during trading hours on Thursday, reaching $185.77. 28,096,849 shares of the company's stock were exchanged, compared to its average volume of 41,884,605. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a fifty day moving average of $195.11 and a 200-day moving average of $207.66. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $1.97 trillion, a price-to-earnings ratio of 33.61, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) 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%. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 27,500 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was 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 in the company, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Zapolsky sold 19,212 shares of Amazon.com stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the transaction, the senior vice president now directly owns 49,950 shares in the company, valued at approximately $10,864,125. This trade represents a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,798 shares of company stock valued at $23,341,803. Insiders own 10.80% of the company's stock.

About Amazon.com

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.