Bank of Stockton Grows Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Bank of Stockton boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 9.7% in the first quarter, Holdings Channel reports. The institutional investor owned 16,296 shares of the e-commerce giant’s stock after acquiring an additional 1,436 shares during the quarter. Amazon.com accounts for approximately 1.0% of Bank of Stockton’s investment portfolio, making the stock its 20th biggest holding. Bank of Stockton’s holdings in Amazon.com were worth $3,100,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. FMR LLC boosted its holdings in Amazon.com by 0.5% in the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock valued at $72,061,766,000 after purchasing an additional 1,725,664 shares during the period. Geode Capital Management LLC boosted its holdings in Amazon.com by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock valued at $44,837,256,000 after purchasing an additional 5,015,380 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Amazon.com by 2.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock valued at $40,107,544,000 after purchasing an additional 4,087,933 shares during the period. Finally, Norges Bank bought a new position in Amazon.com in the 4th quarter valued at $27,266,582,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMZN has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Citizens Jmp began coverage on shares of Amazon.com in a report on Thursday, July 10th. They set a “strong-buy” rating for the company. Raymond James Financial reaffirmed an “outperform” rating and set a $195.00 price objective (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Tigress Financial lifted their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a report on Tuesday, May 6th. Finally, Wall Street Zen downgraded shares of Amazon.com from a “buy” rating to a “hold” rating in a report on Monday, May 5th. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $250.35.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 733,195 shares of the business’s stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $227.02, for a total transaction of $166,449,928.90. Following the sale, the insider owned 894,546,706 shares of the company’s stock, valued at $203,079,993,196.12. The trade was a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total transaction of $550,150.00. Following the sale, the chief executive officer directly owned 514,550 shares in the company, valued at $113,231,873. The trade was a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,335,232 shares of company stock worth $3,210,622,570 in the last three months. 9.70% of the stock is currently owned by insiders.

Amazon.com Trading Up 1.0%

Shares of AMZN opened at $226.13 on Friday. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. 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 firm’s 50-day moving average price is $213.50 and its 200-day moving average price is $208.67. The firm has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 36.83, a PEG ratio of 1.67 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the previous year, the firm posted $0.98 earnings per share. Amazon.com’s quarterly revenue was up 8.6% on a year-over-year basis. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.