Bank of Stockton Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Bank of Stockton boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 16,296 shares of the e-commerce giant's stock after purchasing an additional 1,436 shares during the period. Amazon.com comprises approximately 1.0% of Bank of Stockton's portfolio, making the stock its 20th largest position. Bank of Stockton's holdings in Amazon.com were worth $3,100,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com in the 4th quarter valued at approximately $25,000. Prudent Man Investment Management Inc. purchased a new position in Amazon.com in the 4th quarter valued at approximately $27,000. LSV Asset Management purchased a new position in Amazon.com in the 4th quarter valued at approximately $35,000. Inlight Wealth Management LLC purchased a new position in Amazon.com in the 1st quarter valued at approximately $40,000. Finally, Perritt Capital Management Inc boosted its position in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after buying an additional 80 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded up $2.25 on Friday, hitting $226.13. The company's stock had a trading volume of 37,691,170 shares, compared to its average volume of 41,988,670. The company has a 50-day simple moving average of $213.50 and a 200 day simple moving average of $208.59. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a market capitalization of $2.40 trillion, a PE ratio of 36.83, a PEG ratio of 1.69 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84.

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

Insider Activity at Amazon.com

In related news, CEO Matthew S. Garman sold 20,923 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the sale, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,335,232 shares of company stock worth $3,210,622,570. 9.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AMZN shares. Roth Capital set a $250.00 price objective on shares of Amazon.com and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Barclays decreased their price objective on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Sanford C. Bernstein set a $235.00 price objective on shares of Amazon.com and gave the stock an "outperform" rating in a research report on Tuesday, July 1st. The Goldman Sachs Group decreased their price objective on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, 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 research report on Monday, April 21st. Three equities research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $250.35.

Amazon.com Company 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.