Washington Trust Advisors Inc. reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 241,025 shares of the e-commerce giant’s stock after selling 14,148 shares during the period. Amazon.com comprises about 2.2% of Washington Trust Advisors Inc.’s investment portfolio, making the stock its 16th biggest position. Washington Trust Advisors Inc.’s holdings in Amazon.com were worth $20,246,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Bridgefront Capital LLC bought a new position in shares of Amazon.com during the 1st quarter worth approximately $228,000. Krane Funds Advisors LLC raised its stake in Amazon.com by 239.1% during the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after acquiring an additional 55 shares in the last quarter. Range Financial Group LLC bought a new position in shares of Amazon.com during the first quarter valued at $258,000. My Personal CFO LLC acquired a new stake in shares of Amazon.com in the 1st quarter valued at $261,000. Finally, Worth Asset Management LLC bought a new stake in shares of Amazon.com in the 1st quarter worth about $191,000. Institutional investors own 57.64% of the company’s stock.
Analyst Ratings Changes
Several equities analysts recently issued reports on AMZN shares. Moffett Nathanson cut their price target on shares of Amazon.com from $119.00 to $116.00 and set an “outperform” rating for the company in a report on Monday, April 24th. Mizuho boosted their target price on Amazon.com from $135.00 to $145.00 in a report on Friday, April 28th. UBS Group raised their price target on Amazon.com from $125.00 to $130.00 in a report on Friday, April 28th. Robert W. Baird boosted their price objective on Amazon.com from $125.00 to $130.00 in a research note on Friday, April 28th. Finally, Barclays lowered their target price on Amazon.com from $150.00 to $140.00 in a research note on Friday, April 28th. Three equities research analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $143.12.
Amazon.com Stock Performance
Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 EPS for the quarter, beating the consensus estimate of $0.22 by $0.09. The company had revenue of $127.36 billion during the quarter, compared to the consensus estimate of $124.57 billion. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 EPS. Analysts predict that Amazon.com, Inc. will post 1.57 earnings per share for the current fiscal year.
In related news, CEO Adam Selipsky sold 2,299 shares of the firm’s stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total value of $230,681.66. Following the completion of the sale, the chief executive officer now directly owns 138,320 shares in the company, valued at approximately $13,879,028.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $115.60, for a total value of $358,360.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $13,846,568. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 2,299 shares of Amazon.com stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of $100.34, for a total transaction of $230,681.66. Following the transaction, the chief executive officer now directly owns 138,320 shares of the company’s stock, valued at $13,879,028.80. The disclosure for this sale can be found here. Insiders sold a total of 75,144 shares of company stock valued at $8,405,887 in the last quarter. Company insiders own 12.30% of the company’s stock.
Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.
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