Bank of Stockton Purchases 296 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Bank of Stockton increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,882 shares of the e-commerce giant’s stock after buying an additional 296 shares during the period. Amazon.com accounts for 0.8% of Bank of Stockton’s holdings, making the stock its 25th biggest holding. Bank of Stockton’s holdings in Amazon.com were worth $2,467,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AMZN. Sound Income Strategies LLC raised its stake in Amazon.com by 11.1% during the third quarter. Sound Income Strategies LLC now owns 34,542 shares of the e-commerce giant’s stock worth $4,391,000 after buying an additional 3,450 shares during the last quarter. Mayflower Financial Advisors LLC raised its stake in Amazon.com by 0.3% during the third quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock worth $25,000 after buying an additional 572 shares during the last quarter. Wealthcare Advisory Partners LLC raised its stake in Amazon.com by 4.5% during the third quarter. Wealthcare Advisory Partners LLC now owns 59,576 shares of the e-commerce giant’s stock worth $7,573,000 after buying an additional 2,575 shares during the last quarter. McGuire Investment Group LLC raised its stake in Amazon.com by 3.3% during the third quarter. McGuire Investment Group LLC now owns 27,605 shares of the e-commerce giant’s stock worth $3,509,000 after buying an additional 885 shares during the last quarter. Finally, Wealthcare Capital Management LLC increased its stake in Amazon.com by 13.9% in the third quarter. Wealthcare Capital Management LLC now owns 3,632 shares of the e-commerce giant’s stock valued at $462,000 after purchasing an additional 443 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $180.73, for a total value of $632,555.00. Following the sale, the chief executive officer now directly owns 512,858 shares in the company, valued at approximately $92,688,826.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the sale, the chief executive officer now owns 116,560 shares in the company, valued at $18,150,723.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,214,010 shares of company stock worth $5,505,889,146. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

Shares of AMZN stock opened at $179.54 on Wednesday. The stock has a market capitalization of $1.87 trillion, a P/E ratio of 61.91, a PEG ratio of 1.52 and a beta of 1.17. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The firm’s 50 day moving average is $177.60 and its 200 day moving average is $157.99. Amazon.com, Inc. has a 12 month low of $101.15 and a 12 month high of $189.77.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. The company had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. Amazon.com’s revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.21 EPS. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 4.1 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Morgan Stanley lifted their price target on shares of Amazon.com from $185.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. JMP Securities lifted their price target on shares of Amazon.com from $175.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Susquehanna lifted their price target on shares of Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a research note on Friday, February 2nd. The Goldman Sachs Group lifted their price target on shares of Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Bank of America lifted their price target on shares of Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $203.13.

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.