Littlejohn Financial Services Inc. Sells 212 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Littlejohn Financial Services Inc. trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,593 shares of the e-commerce giant’s stock after selling 212 shares during the quarter. Amazon.com makes up about 1.6% of Littlejohn Financial Services Inc.’s investment portfolio, making the stock its 23rd biggest position. Littlejohn Financial Services Inc.’s holdings in Amazon.com were worth $2,015,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com in the fourth quarter worth about $27,000. Accordant Advisory Group Inc increased its holdings in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. LSV Asset Management bought a new position in Amazon.com in the 4th quarter worth approximately $35,000. Perritt Capital Management Inc raised 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 worth $42,000 after purchasing an additional 80 shares during the last quarter. Finally, Compass Planning Associates Inc bought a new position in Amazon.com in the 4th quarter worth approximately $51,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Down 1.1%

Amazon.com stock opened at $212.52 on Thursday. The firm has a 50-day moving average of $197.28 and a 200-day moving average of $209.32. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The company has a market cap of $2.26 trillion, a price-to-earnings ratio of 34.61, a P/E/G ratio of 1.63 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the prior year, the business posted $0.98 EPS. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Citizens Jmp dropped their price objective on shares of Amazon.com from $285.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Citigroup restated a “buy” rating on shares of Amazon.com in a research report on Monday, June 2nd. Rosenblatt Securities boosted their price objective on shares of Amazon.com from $287.00 to $288.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Wedbush restated an “outperform” rating and issued a $235.00 price objective (up previously from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $220.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.89.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $204.98, for a total value of $512,450.00. Following the sale, the chief executive officer now directly owns 517,050 shares of the company’s stock, valued at approximately $105,984,909. This represents a 0.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of the company’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $24,050,626.20. The trade was a 2.20% 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 in the last three months. Insiders own 9.70% of the company’s stock.

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.