Whittier Trust Co. of Nevada Inc. Buys 22,810 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 564,455 shares of the e-commerce giant's stock after purchasing an additional 22,810 shares during the period. Amazon.com accounts for approximately 2.7% of Whittier Trust Co. of Nevada Inc.'s holdings, making the stock its 5th largest position. Whittier Trust Co. of Nevada Inc.'s holdings in Amazon.com were worth $105,175,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. PayPay Securities Corp raised its position in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock valued at $32,000 after purchasing an additional 64 shares during the period. Hoese & Co LLP acquired a new position in Amazon.com in the 3rd quarter valued at about $37,000. Christopher J. Hasenberg Inc raised its holdings in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock valued at $58,000 after acquiring an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. acquired a new stake in Amazon.com during the first quarter worth approximately $69,000. Finally, Innealta Capital LLC bought a new stake in shares of Amazon.com during the second quarter worth approximately $77,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling

In other news, SVP David Zapolsky sold 2,190 shares of the business's stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 3.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the sale, the chief executive officer now owns 518,911 shares of the company's stock, valued at approximately $106,797,072.91. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,011,423 shares of company stock valued at $1,249,093,896 over the last ninety days. 10.80% of the stock is owned by company insiders.

Amazon.com Trading Down 0.6 %

Shares of NASDAQ:AMZN traded down $1.26 during mid-day trading on Friday, reaching $197.12. 31,530,844 shares of the company's stock were exchanged, compared to its average volume of 47,246,564. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a twelve month low of $142.81 and a twelve month high of $215.90. The firm has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 42.21, a PEG ratio of 1.33 and a beta of 1.14. The business's fifty day moving average price is $193.00 and its 200-day moving average price is $186.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the previous year, the business earned $0.85 EPS. The business's quarterly revenue was up 11.0% compared to the same quarter last year. On average, research analysts predict that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AMZN. Cantor Fitzgerald reiterated an "overweight" rating and set a $230.00 target price on shares of Amazon.com in a research note on Monday, October 7th. Wells Fargo & Company reissued an "equal weight" rating and set a $197.00 target price on shares of Amazon.com in a report on Wednesday. Jefferies Financial Group upped their price target on shares of Amazon.com from $225.00 to $235.00 and gave the company a "buy" rating in a research note on Friday, November 1st. TD Cowen raised their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, Barclays boosted their price objective on shares of Amazon.com from $220.00 to $235.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $235.77.

Amazon.com Company 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.