WASHINGTON TRUST Co Has $77.95 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

WASHINGTON TRUST Co lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.1% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 409,696 shares of the e-commerce giant's stock after selling 13,180 shares during the period. Amazon.com comprises about 3.0% of WASHINGTON TRUST Co's portfolio, making the stock its 7th biggest holding. WASHINGTON TRUST Co's holdings in Amazon.com were worth $77,949,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Cable Hill Partners LLC increased its holdings in Amazon.com by 0.5% in the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock worth $2,104,000 after purchasing an additional 44 shares in the last quarter. Northern Capital Management Inc. increased its holdings in Amazon.com by 0.6% in the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock worth $1,613,000 after purchasing an additional 45 shares in the last quarter. Balanced Wealth Group LLC grew its position in shares of Amazon.com by 1.6% in the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock valued at $705,000 after buying an additional 48 shares during the last quarter. ETF Store Inc. grew its position in shares of Amazon.com by 2.1% in the 4th quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock valued at $522,000 after buying an additional 48 shares during the last quarter. Finally, TD Capital Management LLC grew its position in shares of Amazon.com by 1.6% in the 4th quarter. TD Capital Management LLC now owns 3,058 shares of the e-commerce giant's stock valued at $671,000 after buying an additional 49 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the transaction, the insider directly owned 883,779,901 shares of the company's stock, valued at approximately $203,649,402,587.43. This represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 25,102,037 shares of company stock worth $5,674,871,223 over the last three months. Company insiders own 10.80% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on AMZN. Rosenblatt Securities upped their price target on Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. UBS Group reiterated a "buy" rating and issued a $271.00 price target (up previously from $249.00) on shares of Amazon.com in a research report on Monday. Sanford C. Bernstein set a $235.00 price target on Amazon.com and gave the company an "outperform" rating in a research report on Tuesday, July 1st. Cantor Fitzgerald upped their price target on Amazon.com from $240.00 to $260.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Finally, The Goldman Sachs Group reduced their price target on Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and an average price target of $254.71.

Amazon.com Stock Performance

Shares of AMZN traded up $1.35 on Monday, reaching $232.79. 26,233,111 shares of the company's stock traded hands, compared to its average volume of 35,876,868. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The stock has a market cap of $2.47 trillion, a PE ratio of 37.91, a PEG ratio of 1.72 and a beta of 1.33. The stock's 50 day simple moving average is $216.19 and its two-hundred day simple moving average is $208.82. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. Amazon.com's revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $0.98 earnings per share. On average, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.