Trust Co. of Oklahoma Increases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Trust Co. of Oklahoma lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 26,945 shares of the e-commerce giant's stock after acquiring an additional 1,284 shares during the period. Amazon.com makes up 1.8% of Trust Co. of Oklahoma's investment portfolio, making the stock its 13th biggest position. Trust Co. of Oklahoma's holdings in Amazon.com were worth $5,127,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cable Hill Partners LLC lifted its holdings in shares of Amazon.com by 0.5% during the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock valued at $2,104,000 after purchasing an additional 44 shares during the last quarter. Quattro Financial Advisors LLC increased its position in Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after buying an additional 45 shares in the last quarter. Northern Capital Management Inc. raised its stake in Amazon.com by 0.6% during the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock valued at $1,613,000 after buying an additional 45 shares during the last quarter. White Wing Wealth Management boosted its holdings in Amazon.com by 2.4% in the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock worth $433,000 after acquiring an additional 47 shares in the last quarter. Finally, Balanced Wealth Group LLC grew its stake in shares of Amazon.com by 1.6% in the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock worth $705,000 after acquiring an additional 48 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Up 2.1%

Shares of NASDAQ AMZN traded up $4.30 during mid-day trading on Tuesday, reaching $212.77. 38,326,092 shares of the company were exchanged, compared to its average volume of 42,091,918. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The firm has a 50-day moving average of $199.60 and a 200 day moving average of $209.07. The stock has a market cap of $2.26 trillion, a price-to-earnings ratio of 34.65, a P/E/G ratio of 1.57 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $154.96 billion. During the same period in the prior year, the firm posted $0.98 earnings per share. The company's quarterly revenue was up 8.6% on a year-over-year basis. On average, research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. The trade was a 0.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,000,233.60. Following the completion of the sale, the chief executive officer now owns 2,148,694 shares of the company's stock, valued at approximately $432,532,102.20. This trade represents a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock worth $20,531,075 over the last three months. Corporate insiders own 10.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. DA Davidson dropped their price target on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. upped their target price on shares of Amazon.com from $225.00 to $240.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Wedbush reiterated an "outperform" rating and set a $235.00 price target (up previously from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Telsey Advisory Group restated an "outperform" rating and issued a $235.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $245.64.

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.