Whittier Trust Co. Boosts Stock Holdings in Amazon.com, Inc. $AMZN

Key Points

• Whittier Trust Co. raised its Amazon stake by 0.6%, buying 8,053 shares to hold 1,335,511 shares worth $321,765,000, making AMZN its 5th-largest holding (3.5% of the fund).
• Amazon beat Q1 estimates — $2.78 EPS vs. $1.63 and $181.52B revenue — and several analysts boosted price targets, leaving a consensus rating of "Moderate Buy" with an average target of $311.65.
• Insider selling: CEO Andrew Jassy sold 31,000 shares and Douglas Herrington sold 20,500 under pre-arranged 10b5‑1 plans, while insiders sold 131,741 shares (~$29.8M) in the last quarter.

Whittier Trust Co. lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,335,511 shares of the e-commerce giant's stock after buying an additional 8,053 shares during the period. Amazon.com comprises 3.5% of Whittier Trust Co.'s holdings, making the stock its 5th largest holding. Whittier Trust Co.'s holdings in Amazon.com were worth $321,765,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Lifelong Wealth Advisors Inc. raised its stake in shares of Amazon.com by 2.4% during the 4th quarter. Lifelong Wealth Advisors Inc. now owns 1,740 shares of the e-commerce giant's stock worth $402,000 after acquiring an additional 41 shares in the last quarter. Financial Connections Group Inc. raised its stake in shares of Amazon.com by 2.6% during the 4th quarter. Financial Connections Group Inc. now owns 1,633 shares of the e-commerce giant's stock worth $376,000 after acquiring an additional 42 shares in the last quarter. Marquette Asset Management LLC raised its stake in shares of Amazon.com by 5.1% during the 4th quarter. Marquette Asset Management LLC now owns 886 shares of the e-commerce giant's stock worth $205,000 after acquiring an additional 43 shares in the last quarter. Western Financial Corp CA raised its stake in shares of Amazon.com by 1.5% during the 4th quarter. Western Financial Corp CA now owns 3,076 shares of the e-commerce giant's stock worth $710,000 after acquiring an additional 44 shares in the last quarter. Finally, Union Savings Bank raised its stake in shares of Amazon.com by 0.4% during the 2nd quarter. Union Savings Bank now owns 10,723 shares of the e-commerce giant's stock worth $2,510,000 after acquiring an additional 45 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Stifel Nicolaus set a $319.00 price objective on shares of Amazon.com and gave the stock a "buy" rating in a research note on Thursday. Needham & Company LLC boosted their price objective on shares of Amazon.com from $265.00 to $300.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Rosenblatt Securities boosted their price objective on shares of Amazon.com from $296.00 to $332.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Monness Crespi & Hardt boosted their price objective on shares of Amazon.com from $280.00 to $315.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $330.00 price objective (up from $280.00) on shares of Amazon.com in a research note on Thursday. Fifty-six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and an average target price of $311.65.

Insider Buying and Selling at Amazon.com

In other news, CEO Andrew R. Jassy sold 31,000 shares of the stock in a transaction on Friday, April 17th. The shares were sold at an average price of $255.00, for a total value of $7,905,000.00. Following the sale, the chief executive officer owned 2,207,118 shares in the company, valued at $562,815,090. This represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 20,500 shares of the stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $245.00, for a total transaction of $5,022,500.00. Following the completion of the sale, the chief executive officer owned 499,861 shares in the company, valued at $122,465,945. The trade was a 3.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 131,741 shares of company stock worth $29,839,291. 8.90% of the stock is owned by corporate insiders.

Amazon.com News Summary

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

• Positive Sentiment: Amazon launched "Amazon Supply Chain Services" (ASCS), opening its freight, fulfillment and parcel network to outside businesses — investors see a potential new high‑margin monetization path similar to AWS, and the announcement re‑priced incumbents like UPS/FDX. Amazon opens up its logistics network to other businesses
• Positive Sentiment: Analysts and commentators are boosting targets and bullish takes on AWS/AI momentum — BNP Paribas cited a large (reported ~50%) AWS backlog surge and raised its outlook, and other shops (New Street, DZ Bank, Morgan Stanley moves noted) followed with higher targets or buy reiterations. BNP Paribas lifts outlook on AWS backlog
• Positive Sentiment: Management and earnings support the bear‑to‑bull shift: Amazon beat Q1 estimates and CEO Andy Jassy defended the ~$200B AI infrastructure program as a long‑term growth driver, reinforcing the narrative that capex will convert to higher-margin revenue over time. Andy Jassy defends AI spending
• Neutral Sentiment: Insider activity: Director Jonathan Rubinstein sold ~3,700 shares under a pre‑arranged 10b5‑1 plan — disclosure removes much informational significance but may attract short‑term attention. Director sale disclosed
• Neutral Sentiment: Operational moves: Amazon is rolling internal AI tools (Claude Code, Codex) company‑wide — should boost productivity and product development, but the near‑term revenue impact is uncertain. Amazon adopts Claude Code and Codex internally
• Negative Sentiment: CapEx and free‑cash‑flow strain: heavy AI/data‑center investment has materially reduced near‑term FCF (reports highlight a sharp drop), which could pressure valuation if revenue conversion or margin expansion takes longer than expected. CapEx reduces FCF
• Negative Sentiment: ROI and macro concerns: commentators ask whether concentrated AI spending will deliver sufficient returns and warn the hyperscaler capex wave could add to inflationary/energy cost risks — a potential headwind for multiples if realized. Is Amazon generating sufficient ROI on AI spending?

Amazon.com Stock Up 1.4%

Amazon.com stock opened at $271.90 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18. The business's 50-day simple moving average is $223.63 and its two-hundred day simple moving average is $227.48. The company has a market cap of $2.92 trillion, a PE ratio of 32.52, a PEG ratio of 2.01 and a beta of 1.46. Amazon.com, Inc. has a fifty-two week low of $183.85 and a fifty-two week high of $276.10.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, beating the consensus estimate of $1.63 by $1.15. The business had revenue of $181.52 billion for the quarter, compared to the consensus estimate of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The company's quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.59 EPS. Equities analysts anticipate that Amazon.com, Inc. will post 7.71 EPS for the current year.

About Amazon.com

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.

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