Amazon.com, Inc. (NASDAQ:AMZN) is Washington Trust Advisors Inc.’s 5th Largest Position

Washington Trust Advisors Inc. grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 225,254 shares of the e-commerce giant’s stock after buying an additional 982 shares during the period. Amazon.com accounts for about 3.6% of Washington Trust Advisors Inc.’s holdings, making the stock its 5th largest holding. Washington Trust Advisors Inc.’s holdings in Amazon.com were worth $41,972,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in AMZN. International Assets Investment Management LLC lifted its position in Amazon.com by 20,897.2% in the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock valued at $72,921,080,000 after acquiring an additional 38,949,065 shares during the last quarter. Strategic Financial Concepts LLC lifted its holdings in shares of Amazon.com by 13,606.7% in the 2nd quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock valued at $759,971,000 after purchasing an additional 3,903,889 shares during the last quarter. Wulff Hansen & CO. lifted its holdings in shares of Amazon.com by 20,517.4% in the 2nd quarter. Wulff Hansen & CO. now owns 3,884,325 shares of the e-commerce giant’s stock valued at $750,646,000 after purchasing an additional 3,865,485 shares during the last quarter. National Pension Service boosted its position in shares of Amazon.com by 15.9% in the 3rd quarter. National Pension Service now owns 16,920,526 shares of the e-commerce giant’s stock valued at $3,152,802,000 after purchasing an additional 2,321,786 shares during the period. Finally, Granite Bay Wealth Management LLC increased its position in Amazon.com by 6,590.8% during the second quarter. Granite Bay Wealth Management LLC now owns 2,353,894 shares of the e-commerce giant’s stock worth $432,394,000 after buying an additional 2,318,713 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Down 4.6 %

AMZN opened at $220.52 on Thursday. The firm has a market cap of $2.32 trillion, a P/E ratio of 47.22, a PEG ratio of 1.54 and a beta of 1.16. The business’s fifty day simple moving average is $204.37 and its 200 day simple moving average is $190.75. Amazon.com, Inc. has a 52 week low of $144.05 and a 52 week 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.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AMZN shares. Royal Bank of Canada increased their price objective on Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Wells Fargo & Company reissued an “equal weight” rating and set a $197.00 price objective on shares of Amazon.com in a research report on Wednesday, November 20th. Bank of America upped their target price on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 1st. Robert W. Baird increased their target price on shares of Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, Mizuho boosted their price target on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $242.00.

Insider Buying and Selling at Amazon.com

In related news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. This represents a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 5,502 shares of Amazon.com stock in a transaction dated Friday, November 15th. The shares were 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 owns 518,911 shares of the company’s stock, valued at $106,797,072.91. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 6,034,534 shares of company stock worth $1,253,883,872. Insiders own 10.80% of the company’s stock.

Amazon.com 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.