Trust Co. of Oklahoma Grows Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Trust Co. of Oklahoma grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 714 shares of the e-commerce giant’s stock after purchasing an additional 97 shares during the quarter. Trust Co. of Oklahoma’s holdings in Amazon.com were worth $2,328,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Norges Bank purchased a new stake in Amazon.com in the 4th quarter worth approximately $14,053,756,000. Castleview Partners LLC purchased a new stake in Amazon.com in the 4th quarter worth approximately $1,143,000. Aaron Wealth Advisors LLC increased its holdings in Amazon.com by 346,521.1% in the 1st quarter. Aaron Wealth Advisors LLC now owns 2,246,105 shares of the e-commerce giant’s stock worth $689,000 after acquiring an additional 2,245,457 shares in the last quarter. Verity Asset Management Inc. increased its holdings in Amazon.com by 413,136.4% in the 1st quarter. Verity Asset Management Inc. now owns 1,508,313 shares of the e-commerce giant’s stock worth $841,000 after acquiring an additional 1,507,948 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Amazon.com by 124.5% in the 1st quarter. SG Americas Securities LLC now owns 220,530 shares of the e-commerce giant’s stock worth $718,917,000 after acquiring an additional 1,120,660 shares in the last quarter. 57.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Andrew R. Jassy sold 23,620 shares of the firm’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $142.29, for a total transaction of $3,360,889.80. Following the transaction, the chief executive officer now owns 1,892,000 shares in the company, valued at $269,212,680. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Andrew R. Jassy sold 23,620 shares of the firm’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $142.29, for a total transaction of $3,360,889.80. Following the transaction, the chief executive officer now owns 1,892,000 shares in the company, valued at $269,212,680. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP David Zapolsky sold 10,480 shares of the firm’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $145.01, for a total value of $1,519,704.80. Following the transaction, the senior vice president now owns 60,260 shares in the company, valued at approximately $8,738,302.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 70,108 shares of company stock worth $9,736,335. Company insiders own 12.70% of the company’s stock.

Amazon.com Stock Performance

AMZN stock opened at $126.28 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.95 and a debt-to-equity ratio of 0.44. The business’s fifty day simple moving average is $129.16 and its two-hundred day simple moving average is $131.25. Amazon.com, Inc. has a twelve month low of $101.26 and a twelve month high of $188.11. The firm has a market cap of $1.29 trillion, a price-to-earnings ratio of 113.21, a PEG ratio of 5.66 and a beta of 1.33.

Amazon.com (NASDAQ:AMZNGet Rating) last released its earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). The business had revenue of $121.23 billion during the quarter, compared to analysts’ expectations of $119.16 billion. Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.76 EPS. Analysts predict that Amazon.com, Inc. will post 0.99 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Oppenheimer dropped their price target on Amazon.com from $175.00 to $160.00 and set an “outperform” rating for the company in a research note on Monday, July 25th. DA Davidson restated a “buy” rating and issued a $151.00 price target on shares of Amazon.com in a research note on Friday, August 5th. JPMorgan Chase & Co. dropped their price target on Amazon.com from $200.00 to $175.00 and set an “overweight” rating for the company in a research note on Wednesday, June 29th. Loop Capital dropped their price target on Amazon.com from $187.50 to $141.25 and set a “buy” rating for the company in a research note on Friday, May 27th. Finally, Redburn Partners assumed coverage on Amazon.com in a research note on Wednesday, June 29th. They issued a “buy” rating and a $270.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $176.61.

Amazon.com Company Profile

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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