Bank of Hawaii Has $15.87 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Bank of Hawaii boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,193 shares of the e-commerce giant’s stock after buying an additional 492 shares during the quarter. Amazon.com makes up 0.7% of Bank of Hawaii’s holdings, making the stock its 24th biggest holding. Bank of Hawaii’s holdings in Amazon.com were worth $15,874,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. Douglass Winthrop Advisors LLC lifted its holdings in shares of Amazon.com by 2.2% in the third quarter. Douglass Winthrop Advisors LLC now owns 1,051,852 shares of the e-commerce giant’s stock worth $195,992,000 after acquiring an additional 22,620 shares during the last quarter. Fisher Asset Management LLC increased its position in Amazon.com by 2.0% during the 3rd quarter. Fisher Asset Management LLC now owns 44,653,571 shares of the e-commerce giant’s stock worth $8,320,300,000 after purchasing an additional 873,174 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Amazon.com by 12.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 2,719,714 shares of the e-commerce giant’s stock valued at $506,763,000 after purchasing an additional 309,678 shares during the last quarter. Hartford Funds Management Co LLC boosted its position in Amazon.com by 3.7% in the third quarter. Hartford Funds Management Co LLC now owns 11,033 shares of the e-commerce giant’s stock valued at $2,056,000 after buying an additional 394 shares in the last quarter. Finally, Summit Trail Advisors LLC grew its stake in shares of Amazon.com by 10.7% during the third quarter. Summit Trail Advisors LLC now owns 122,470 shares of the e-commerce giant’s stock worth $22,820,000 after buying an additional 11,845 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on AMZN. BMO Capital Markets reiterated an “outperform” rating and issued a $236.00 price target on shares of Amazon.com in a research note on Tuesday, December 3rd. Wolfe Research increased their target price on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday. Wells Fargo & Company restated an “equal weight” rating and set a $197.00 price target on shares of Amazon.com in a report on Wednesday, November 20th. Mizuho raised their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Finally, Susquehanna boosted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $243.44.

Amazon.com Price Performance

Shares of AMZN opened at $224.19 on Friday. The business’s fifty day moving average is $213.07 and its 200 day moving average is $194.05. Amazon.com, Inc. has a 12-month low of $144.05 and a 12-month high of $233.00. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.36 trillion, a P/E ratio of 48.01, a P/E/G ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the firm earned $0.85 earnings per share. Sell-side analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, 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 value of $1,132,366.62. Following the completion of the sale, the chief executive officer now directly owns 518,911 shares of the company’s stock, valued at approximately $106,797,072.91. This represents a 1.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 5,004 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the transaction, the director now owns 99,396 shares in the company, valued at approximately $19,864,290.60. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is owned by corporate insiders.

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.