Whittier Trust Co. of Nevada Inc. Lowers Position in Amazon.com, Inc. $AMZN

Key Points

• Whittier Trust trimmed its Amazon stake by 3.2% in Q4 to 656,289 shares (worth $158.12M), representing about 3.3% of the fund and its sixth-largest holding.
• Significant insider selling has occurred recently — insiders sold 160,241 shares (~$37.7M) in the last 90 days (including SVP David Zapolsky and Director Jonathan Rubinstein), leaving insiders with 8.9% ownership; many sales were via 10b5‑1 plans.
• Strong Q1 results and bullish analyst sentiment: Amazon beat EPS and revenue estimates (EPS $2.78 vs $1.63; revenue $181.5B vs $177.3B), AWS growth reaccelerated, several firms raised price targets and the consensus is a "Moderate Buy" with an average target near $313, though heavy AI capex and FCF pressure are being watched.

Whittier Trust Co. of Nevada Inc. reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 656,289 shares of the e-commerce giant's stock after selling 21,649 shares during the quarter. Amazon.com accounts for approximately 3.3% of Whittier Trust Co. of Nevada Inc.'s portfolio, making the stock its 6th largest holding. Whittier Trust Co. of Nevada Inc.'s holdings in Amazon.com were worth $158,120,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AMZN. Norges Bank purchased a new stake in Amazon.com in the second quarter worth $27,438,011,000. Nuveen LLC bought a new stake in Amazon.com in the 1st quarter valued at about $11,674,091,000. Laurel Wealth Advisors LLC lifted its holdings in Amazon.com by 22,085.8% during the second quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant's stock valued at $2,671,634,000 after purchasing an additional 12,122,668 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Amazon.com by 21.3% during the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant's stock worth $11,017,657,000 after purchasing an additional 10,176,835 shares during the period. Finally, Capital Research Global Investors boosted its position in Amazon.com by 11.3% during the third quarter. Capital Research Global Investors now owns 94,284,962 shares of the e-commerce giant's stock worth $20,702,362,000 after purchasing an additional 9,583,217 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 10,649 shares of the business's stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $205.43, for a total transaction of $2,187,624.07. Following the completion of the transaction, the senior vice president owned 41,190 shares of the company's stock, valued at approximately $8,461,661.70. The trade was a 20.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 3,706 shares of the company's stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $273.02, for a total transaction of $1,011,812.12. Following the completion of the transaction, the director owned 74,948 shares in the company, valued at approximately $20,462,302.96. This trade represents a 4.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 160,241 shares of company stock worth $37,667,441. Insiders own 8.90% of the company's stock.

Amazon.com Stock Up 0.5%

AMZN opened at $273.54 on Wednesday. The firm has a market capitalization of $2.94 trillion, a P/E ratio of 32.72, a price-to-earnings-growth ratio of 1.98 and a beta of 1.46. Amazon.com, Inc. has a one year low of $183.85 and a one year high of $278.56. The company has a fifty day moving average price of $224.90 and a 200-day moving average price of $227.88. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $1.15. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The company had revenue of $181.52 billion during the quarter, compared to analyst estimates of $177.28 billion. During the same quarter last year, the company earned $1.59 earnings per share. The firm's quarterly revenue was up 16.6% on a year-over-year basis. Equities research analysts expect that Amazon.com, Inc. will post 7.95 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the topic of several research reports. Pivotal Research reissued a "buy" rating and issued a $320.00 price target (up from $300.00) on shares of Amazon.com in a research report on Thursday, April 30th. Tigress Financial lifted their price objective on shares of Amazon.com from $305.00 to $315.00 and gave the company a "buy" rating in a research note on Wednesday, March 25th. Raymond James Financial reissued an "outperform" rating and set a $280.00 target price on shares of Amazon.com in a report on Friday. New Street Research increased their target price on Amazon.com from $280.00 to $350.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Wolfe Research reaffirmed an "outperform" rating and issued a $320.00 price target (up from $245.00) on shares of Amazon.com in a report on Thursday, April 30th. Fifty-six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and an average price target of $313.09.

Amazon.com News Roundup

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

• Positive Sentiment: Amazon launched "Amazon Supply Chain Services" (ASCS), opening its freight/fulfillment/parcel network to outside businesses — a new addressable market investors compare to the AWS monetization playbook. Amazon opens up its logistics network to other businesses
• Positive Sentiment: Q1 results beat and CEO Andy Jassy’s defense of massive AI spending reassured investors: AWS growth reaccelerated and management framed capex as a long‑term ROI play. Andy Jassy says Amazon investors will be rewarded by all its AI spending
• Positive Sentiment: Several firms raised price targets (examples include BNP Paribas/others), which amplifies buyer appetite and validates the growth/AI/logistics thesis. BNP Paribas raises target
• Positive Sentiment: Amazon expanded same‑day fresh grocery deliveries to business customers, extending recurring demand and cross‑sell opportunities for fulfillment and advertising. Amazon Business same‑day grocery
• Neutral Sentiment: Insider sales by executives and directors were disclosed (10b5‑1 plan executions); these look like planned liquidity rather than a strategic red flag but are being watched. SEC Form 4
• Neutral Sentiment: Unusual, high options volume and institutional flows are amplifying intraday moves — important for short‑term volatility but not a directional fundamental change. Options volume story
• Neutral Sentiment: Internal AI tooling rollouts (Claude Code, Codex) and experiments merging AI chat into search improve operations/UX but have unclear near‑term revenue impact. Internal AI tooling adoption
• Negative Sentiment: Heavy AI capex has driven free cash flow sharply lower; analysts warn this raises execution and timing risk if AWS/AI revenue doesn't scale to absorb the spending. FCF pressure analysis
• Negative Sentiment: Some analysts caution that reported earnings growth may be partly driven by AI lab demand (OpenAI/Anthropic) concentrated in cloud backlogs — a “mirage” risk if those relationships or margins change. Analyst mirage warning
• Negative Sentiment: Macro/inflationary concerns: large hyperscaler AI spending could feed energy and wage pressures, a multiplier for margin and valuation risk across the sector. Inflation risk piece

Amazon.com Company Profile

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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