Little House Capital LLC Reduces Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Little House Capital LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 9.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,267 shares of the e-commerce giant’s stock after selling 6,541 shares during the period. Amazon.com makes up approximately 3.2% of Little House Capital LLC’s holdings, making the stock its 3rd biggest position. Little House Capital LLC’s holdings in Amazon.com were worth $11,466,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Tallon Kerry Patrick purchased a new stake in shares of Amazon.com during the 4th quarter valued at about $800,000. LaFleur & Godfrey LLC boosted its stake in Amazon.com by 1.8% in the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant’s stock worth $10,839,000 after purchasing an additional 860 shares during the period. Brighton Jones LLC boosted its stake in Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after purchasing an additional 397,007 shares during the period. Union Bancaire Privee UBP SA bought a new position in shares of Amazon.com during the 4th quarter valued at approximately $301,650,000. Finally, Revolve Wealth Partners LLC boosted its position in shares of Amazon.com by 4.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock valued at $5,495,000 after acquiring an additional 986 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of analyst reports. Jefferies Financial Group raised their price target on Amazon.com from $255.00 to $265.00 in a research report on Wednesday, July 16th. Moffett Nathanson raised their price target on Amazon.com from $250.00 to $253.00 and gave the stock a “buy” rating in a report on Tuesday, June 24th. Royal Bank Of Canada decreased their target price on Amazon.com from $235.00 to $230.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft reduced their price target on Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, Westpark Capital restated a “buy” rating and issued a $280.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $250.02.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $229.19 on Tuesday. The stock’s 50-day moving average is $213.50 and its two-hundred day moving average is $208.51. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a market cap of $2.43 trillion, a price-to-earnings ratio of 37.33, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33.

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

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 733,195 shares of the firm’s stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $227.02, for a total transaction of $166,449,928.90. Following the completion of the transaction, the insider owned 894,546,706 shares of the company’s stock, valued at approximately $203,079,993,196.12. This trade represents a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total value of $550,150.00. Following the transaction, the chief executive officer directly owned 514,550 shares of the company’s stock, valued at $113,231,873. The trade was a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,335,232 shares of company stock valued at $3,210,622,570 over the last three months. Insiders own 10.80% of the company’s stock.

About Amazon.com

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.