Amazon.com, Inc. (NASDAQ:AMZN) Stake Raised by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 415 shares of the e-commerce giant’s stock after purchasing an additional 41 shares during the period. Koss Olinger Consulting LLC’s holdings in Amazon.com were worth $1,428,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. OLD Mission Capital LLC bought a new position in shares of Amazon.com in the 3rd quarter valued at approximately $605,000. RiverGlades Family Offices LLC raised its stake in shares of Amazon.com by 5.9% in the 1st quarter. RiverGlades Family Offices LLC now owns 305 shares of the e-commerce giant’s stock valued at $944,000 after acquiring an additional 17 shares in the last quarter. Woodley Farra Manion Portfolio Management Inc. raised its stake in shares of Amazon.com by 4.4% in the 1st quarter. Woodley Farra Manion Portfolio Management Inc. now owns 118 shares of the e-commerce giant’s stock valued at $365,000 after acquiring an additional 5 shares in the last quarter. Ironwood Wealth Management LLC. grew its holdings in Amazon.com by 40.6% in the 1st quarter. Ironwood Wealth Management LLC. now owns 1,787 shares of the e-commerce giant’s stock valued at $5,529,000 after buying an additional 516 shares during the last quarter. Finally, Community Bank & Trust Waco Texas grew its holdings in Amazon.com by 3.7% in the 1st quarter. Community Bank & Trust Waco Texas now owns 2,551 shares of the e-commerce giant’s stock valued at $7,893,000 after buying an additional 92 shares during the last quarter. 57.67% of the stock is owned by institutional investors.

Shares of NASDAQ AMZN traded down $74.65 during midday trading on Monday, reaching $3,387.87. 44,756 shares of the stock were exchanged, compared to its average volume of 3,456,943. The firm has a market cap of $1.72 trillion, a price-to-earnings ratio of 59.14, a PEG ratio of 2.41 and a beta of 1.14. Amazon.com, Inc. has a twelve month low of $2,871.00 and a twelve month high of $3,773.08. The firm has a 50-day simple moving average of $3,445.47 and a two-hundred day simple moving average of $3,342.75. The company has a quick ratio of 0.99, a current ratio of 1.20 and a debt-to-equity ratio of 0.44.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Wednesday, July 28th. The e-commerce giant reported $15.12 EPS for the quarter, topping analysts’ consensus estimates of $12.22 by $2.90. Amazon.com had a net margin of 6.64% and a return on equity of 29.86%. The business had revenue of $113.08 billion for the quarter, compared to analysts’ expectations of $115.08 billion. Research analysts expect that Amazon.com, Inc. will post 52.18 EPS for the current fiscal year.

A number of analysts have issued reports on the company. BMO Capital Markets lowered their target price on Amazon.com from $4,300.00 to $4,100.00 and set an “outperform” rating on the stock in a report on Friday, July 30th. Truist decreased their price objective on Amazon.com from $4,000.00 to $3,800.00 and set a “buy” rating on the stock in a report on Friday, July 30th. Cowen cut their target price on Amazon.com from $4,600.00 to $4,400.00 and set an “outperform” rating for the company in a research report on Friday, July 30th. Evercore ISI lifted their price objective on Amazon.com from $4,200.00 to $4,700.00 and gave the company an “outperform” rating in a research report on Tuesday, September 14th. Finally, Morgan Stanley decreased their target price on Amazon.com from $4,500.00 to $4,300.00 and set an “overweight” rating for the company in a research note on Friday, July 30th. One analyst has rated the stock with a hold rating and forty have assigned a buy rating to the stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Buy” and a consensus target price of $4,151.30.

In other Amazon.com news, Director Jonathan Rubinstein sold 286 shares of the business’s stock in a transaction that occurred on Wednesday, September 1st. The stock was sold at an average price of $3,500.00, for a total value of $1,001,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Shelley Reynolds sold 222 shares of the company’s stock in a transaction that occurred on Monday, August 16th. The stock was sold at an average price of $3,283.00, for a total value of $728,826.00. Following the sale, the vice president now owns 6,211 shares of the company’s stock, valued at approximately $20,390,713. The disclosure for this sale can be found here. Insiders sold a total of 4,463 shares of company stock worth $14,784,642 in the last three months. 14.00% of the stock is owned by corporate insiders.

Amazon.com Profile

Amazon.com, Inc engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca.

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

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