Trading Report: The Whittier Trust Co. of Nevada Inc. Sold shares of Amazon.com Inc. (AMZN)

The Whittier Trust Co. of Nevada Inc. Sold shares of Amazon.com Inc. (AMZN)

Whittier Trust Co. of Nevada Inc. lowered its stake in Amazon.com Inc. (NASDAQ:AMZN) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,291 shares of the e-commerce giant’s stock after selling 33 shares during the period. Amazon.com makes up 1.5% of Whittier Trust Co. of Nevada Inc.’s portfolio, making the stock its 12th largest position. Whittier Trust Co. of Nevada Inc.’s holdings in Amazon.com were worth $13,089,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the company. Middleton & Co Inc MA raised its stake in Amazon.com by 7.2% in the first quarter. Middleton & Co Inc MA now owns 21,474 shares of the e-commerce giant’s stock valued at $12,748,000 after buying an additional 1,436 shares during the period. Bowling Portfolio Management LLC raised its stake in Amazon.com by 66.0% in the first quarter. Bowling Portfolio Management LLC now owns 6,417 shares of the e-commerce giant’s stock valued at $3,809,000 after buying an additional 2,552 shares during the period. Pacad Investment Ltd. raised its stake in Amazon.com by 15.2% in the first quarter. Pacad Investment Ltd. now owns 35,900 shares of the e-commerce giant’s stock valued at $21,312,000 after buying an additional 4,736 shares during the period. WASHINGTON TRUST Co raised its stake in Amazon.com by 5.6% in the first quarter. WASHINGTON TRUST Co now owns 45,202 shares of the e-commerce giant’s stock valued at $26,834,000 after buying an additional 2,397 shares during the period. Finally, First Long Island Investors LLC raised its stake in Amazon.com by 1.2% in the first quarter. First Long Island Investors LLC now owns 31,367 shares of the e-commerce giant’s stock valued at $18,621,000 after buying an additional 371 shares during the period. 65.44% of the stock is currently owned by institutional investors.

Amazon.com Inc. (NASDAQ:AMZN) traded down 0.61% during trading on Thursday, reaching $829.00. The company had a trading volume of 2,666,215 shares. The stock has a 50 day moving average price of $796.14 and a 200 day moving average price of $723.94. The firm has a market capitalization of $393.01 billion, a P/E ratio of 206.17 and a beta of 1.20. Amazon.com Inc. has a 52 week low of $474.00 and a 52 week high of $847.21.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.67. The company earned $30.40 billion during the quarter, compared to the consensus estimate of $29.54 billion. Amazon.com had a net margin of 1.60% and a return on equity of 13.52%. Amazon.com’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.19 earnings per share. Analysts predict that Amazon.com Inc. will post $5.85 earnings per share for the current year.

AMZN has been the topic of several research analyst reports. Bank of America Corp. reaffirmed a “buy” rating and issued a $860.00 price objective on shares of Amazon.com in a research note on Monday, August 15th. KeyCorp reaffirmed an “overweight” rating and issued a $847.00 price objective on shares of Amazon.com in a research note on Sunday, August 21st. JPMorgan Chase & Co. set a $908.00 price objective on Amazon.com and gave the company a “buy” rating in a research note on Tuesday, July 12th. Piper Jaffray Cos. reissued a “buy” rating and set a $800.00 price target on shares of Amazon.com in a research note on Friday, July 8th. Finally, Cowen and Company reissued an “outperform” rating and set a $960.00 price target (up from $900.00) on shares of Amazon.com in a research note on Monday, September 26th. Five equities research analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $891.31.

In other news, VP Shelley Reynolds sold 625 shares of the company’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $770.10, for a total transaction of $481,312.50. Following the transaction, the vice president now directly owns 6,519 shares of the company’s stock, valued at $5,020,281.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey M. Blackburn sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $760.98, for a total value of $7,609,800.00. Following the transaction, the insider now directly owns 55,887 shares in the company, valued at $42,528,889.26. The disclosure for this sale can be found here. Insiders own 17.70% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).

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