Koss Olinger Consulting LLC Purchases 8,399 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Koss Olinger Consulting LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,184.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 9,108 shares of the e-commerce giant’s stock after buying an additional 8,399 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Amazon.com were worth $967,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lcnb Corp lifted its holdings in Amazon.com by 0.6% during the 4th quarter. Lcnb Corp now owns 624 shares of the e-commerce giant’s stock worth $2,081,000 after buying an additional 4 shares in the last quarter. MBM Wealth Consultants LLC lifted its holdings in Amazon.com by 57.1% during the 4th quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock worth $37,000 after buying an additional 4 shares in the last quarter. Samalin Investment Counsel LLC lifted its holdings in Amazon.com by 1.7% during the 4th quarter. Samalin Investment Counsel LLC now owns 239 shares of the e-commerce giant’s stock worth $795,000 after buying an additional 4 shares in the last quarter. Confluence Investment Management LLC lifted its holdings in Amazon.com by 6.3% during the 1st quarter. Confluence Investment Management LLC now owns 67 shares of the e-commerce giant’s stock worth $218,000 after buying an additional 4 shares in the last quarter. Finally, Stonebridge Capital Management Inc. lifted its holdings in Amazon.com by 0.5% during the 1st quarter. Stonebridge Capital Management Inc. now owns 861 shares of the e-commerce giant’s stock worth $2,807,000 after buying an additional 4 shares in the last quarter. 57.15% of the stock is currently owned by institutional investors.

Amazon.com Trading Up 0.9 %

Shares of NASDAQ:AMZN opened at $124.66 on Tuesday. Amazon.com, Inc. has a 52-week low of $101.26 and a 52-week high of $188.11. The company has a market capitalization of $1.27 trillion, a P/E ratio of 111.75, a price-to-earnings-growth ratio of 5.51 and a beta of 1.33. The company has a 50-day simple moving average of $129.52 and a 200 day simple moving average of $130.59. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.95.

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

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 23,620 shares of the firm’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $142.29, for a total value of $3,360,889.80. Following the completion of the sale, the chief executive officer now directly owns 1,892,000 shares in the company, valued at approximately $269,212,680. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 23,620 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $142.29, for a total transaction of $3,360,889.80. Following the completion of the sale, the chief executive officer now directly owns 1,892,000 shares in the company, valued at $269,212,680. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Zapolsky sold 10,480 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $145.01, for a total transaction of $1,519,704.80. Following the sale, the senior vice president now owns 60,260 shares of the company’s stock, valued at $8,738,302.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 70,628 shares of company stock worth $9,802,599. Insiders own 12.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMZN. Rosenblatt Securities increased their price target on Amazon.com to $118.00 and gave the company a “neutral” rating in a research note on Friday, July 29th. MKM Partners cut their price target on Amazon.com from $180.00 to $165.00 in a research note on Monday, July 25th. Piper Sandler increased their price target on Amazon.com from $170.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, July 29th. Canaccord Genuity Group increased their price target on Amazon.com from $185.00 to $200.00 in a research note on Friday, July 29th. Finally, Mizuho cut their price target on Amazon.com from $197.50 to $155.00 and set a “buy” rating on the stock in a research note on Thursday, July 21st. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and thirty-six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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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