Whittier Trust Co. Buys 56,923 Shares of Amazon.com, Inc. $AMZN

Whittier Trust Co. grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,392,434 shares of the e-commerce giant’s stock after purchasing an additional 56,923 shares during the quarter. Amazon.com makes up approximately 3.3% of Whittier Trust Co.’s portfolio, making the stock its 5th largest holding. Whittier Trust Co.’s holdings in Amazon.com were worth $296,296,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Bogart Wealth LLC boosted its holdings in shares of Amazon.com by 0.5% during the 1st quarter. Bogart Wealth LLC now owns 86,974 shares of the e-commerce giant’s stock worth $18,114,000 after buying an additional 435 shares during the period. Fortitude Advisory Group L.L.C. raised its holdings in Amazon.com by 0.4% in the 1st quarter. Fortitude Advisory Group L.L.C. now owns 25,883 shares of the e-commerce giant’s stock worth $5,391,000 after acquiring an additional 110 shares during the period. Marietta Investment Partners LLC lifted its position in Amazon.com by 4.1% during the 1st quarter. Marietta Investment Partners LLC now owns 47,229 shares of the e-commerce giant’s stock worth $9,836,000 after acquiring an additional 1,859 shares during the last quarter. Columbia Bank lifted its position in Amazon.com by 0.3% during the 1st quarter. Columbia Bank now owns 44,183 shares of the e-commerce giant’s stock worth $9,202,000 after acquiring an additional 123 shares during the last quarter. Finally, DGS Capital Management LLC boosted its holdings in Amazon.com by 8.8% during the first quarter. DGS Capital Management LLC now owns 37,146 shares of the e-commerce giant’s stock valued at $7,736,000 after acquiring an additional 3,019 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Amazon.com

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Wedbush, Citizens JMP, and KeyBanc all reiterated bullish views on Amazon, with price targets implying meaningful upside and confidence that AWS re-acceleration and AI infrastructure demand can support earnings growth. Analyst coverage referenced in article feed
• Positive Sentiment: Multiple reports highlighted Amazon’s AI and cloud opportunity, including comments that AWS is the “star of the show,” that Amazon has a cost advantage in the AI data-center buildout, and that AI chip sales could become a large new business. Article title
• Positive Sentiment: June retail sales data and Prime Day commentary suggested Amazon continues to benefit from resilient consumer spending and online shopping strength, especially heading into back-to-school season. Article title
• Positive Sentiment: Technical coverage noted AMZN has moved back above its 50-day moving average, which traders often view as a short-term bullish signal. Article title
• Neutral Sentiment: Amazon’s warehouse automation and staffing software is drawing attention, but the pilot appears to be facing internal pushback rather than signaling a major business change. Article title
• Negative Sentiment: Investors remain wary about Amazon’s aggressive capex for AI and cloud infrastructure, with some commentary warning that heavy spending could weigh on free cash flow and near-term returns. Article title
• Negative Sentiment: AWS veteran Dave Brown’s departure after 19 years adds a bit of executive turnover risk to Amazon’s cloud unit, though replacement plans are already in place. Article title

Amazon.com Stock Down 2.0%

Shares of AMZN stock opened at $249.89 on Friday. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $278.56. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01. The stock has a fifty day moving average price of $251.33 and a 200 day moving average price of $235.85. The stock has a market cap of $2.69 trillion, a P/E ratio of 29.89, a price-to-earnings-growth ratio of 1.90 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $1.15. The company had revenue of $181.52 billion during the quarter, compared to analysts’ expectations of $177.28 billion. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The business’s revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.59 EPS. Analysts predict that Amazon.com, Inc. will post 7.75 earnings per share for the current year.

Insider Activity

In related news, SVP David Zapolsky sold 9,270 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $268.53, for a total value of $2,489,273.10. Following the sale, the senior vice president owned 41,190 shares of the company’s stock, valued at $11,060,750.70. The trade was a 18.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jonathan Rubinstein sold 3,849 shares of the company’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $260.00, for a total value of $1,000,740.00. Following the completion of the sale, the director owned 78,654 shares in the company, valued at $20,450,040. This trade represents a 4.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 144,274 shares of company stock valued at $38,716,204. 8.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AMZN shares. Telsey Advisory Group raised their price target on Amazon.com from $300.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. restated a “buy” rating on shares of Amazon.com in a research note on Friday, June 26th. Morgan Stanley raised their target price on Amazon.com from $300.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. China Renaissance lifted their price target on Amazon.com from $300.00 to $326.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, TD Securities upgraded Amazon.com to a “buy” rating in a report on Monday, April 13th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $312.76.

Amazon.com Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.