Whittier Trust Co. Acquires 8,053 Shares of Amazon.com, Inc. $AMZN

Whittier Trust Co. lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,335,511 shares of the e-commerce giant’s stock after acquiring an additional 8,053 shares during the quarter. Amazon.com accounts for 3.5% of Whittier Trust Co.’s holdings, making the stock its 5th biggest position. Whittier Trust Co.’s holdings in Amazon.com were worth $321,765,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in AMZN. Brighton Jones LLC boosted its holdings in Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after buying an additional 397,007 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock worth $5,495,000 after buying an additional 986 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in Amazon.com by 2.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock worth $442,481,000 after buying an additional 54,987 shares in the last quarter. Highview Capital Management LLC DE boosted its holdings in Amazon.com by 5.5% during the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock worth $6,357,000 after buying an additional 1,518 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC purchased a new stake in Amazon.com during the fourth quarter worth $2,153,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Key Amazon.com News

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 Performance

NASDAQ:AMZN opened at $271.90 on Tuesday. The company’s 50-day moving average price is $223.63 and its 200-day moving average price is $227.48. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The company has a market cap of $2.92 trillion, a P/E ratio of 32.52, a P/E/G ratio of 2.01 and a beta of 1.46. Amazon.com, Inc. has a twelve month low of $183.85 and a twelve month high of $276.10.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, topping the consensus estimate of $1.63 by $1.15. The firm had revenue of $181.52 billion for the quarter, compared to the consensus estimate of $177.28 billion. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period last year, the firm posted $1.59 earnings per share. On average, sell-side analysts forecast that Amazon.com, Inc. will post 7.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of recent analyst reports. DZ Bank increased their price target on shares of Amazon.com from $295.00 to $320.00 and gave the stock a “buy” rating in a report on Monday. Barclays reaffirmed an “overweight” rating and set a $330.00 price objective (up from $300.00) on shares of Amazon.com in a report on Thursday. The Goldman Sachs Group reaffirmed a “buy” rating and set a $325.00 price objective (up from $275.00) on shares of Amazon.com in a report on Thursday, April 30th. Evercore increased their price objective on shares of Amazon.com from $285.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Finally, Benchmark increased their price objective on shares of Amazon.com from $275.00 to $370.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Fifty-six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $311.65.

Insider Transactions at Amazon.com

In other news, CEO Matthew S. Garman sold 17,751 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $205.22, for a total value of $3,642,860.22. Following the transaction, the chief executive officer directly owned 9,405 shares of the company’s stock, valued at approximately $1,930,094.10. This trade represents a 65.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 20,500 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 499,861 shares in the company, valued at approximately $122,465,945. This represents a 3.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 131,741 shares of company stock valued at $29,839,291. Company insiders own 8.90% of the company’s stock.

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.