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

Littlejohn Financial Services Inc. reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,593 shares of the e-commerce giant’s stock after selling 212 shares during the quarter. Amazon.com comprises 1.6% of Littlejohn Financial Services Inc.’s holdings, making the stock its 23rd largest position. Littlejohn Financial Services Inc.’s holdings in Amazon.com were worth $2,015,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Amazon.com during the fourth quarter worth approximately $27,266,582,000. GAMMA Investing LLC increased its holdings in shares of Amazon.com by 21,420.5% during the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock worth $5,754,425,000 after purchasing an additional 30,104,520 shares during the period. Capital World Investors increased its holdings in shares of Amazon.com by 36.8% during the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock worth $14,416,078,000 after purchasing an additional 17,681,004 shares during the period. Vanguard Group Inc. increased its holdings in shares of Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. Finally, Proficio Capital Partners LLC increased its holdings in shares of Amazon.com by 17,054.5% during the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock worth $2,652,116,000 after purchasing an additional 12,018,120 shares during the period. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AMZN has been the topic of several recent research reports. Barclays lowered their target price on shares of Amazon.com from $265.00 to $240.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd. Bank of America raised their target price on shares of Amazon.com from $230.00 to $248.00 and gave the stock a “buy” rating in a report on Monday, June 2nd. Westpark Capital reaffirmed a “buy” rating and set a $280.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Piper Sandler reiterated an “overweight” rating and set a $212.00 price target (down previously from $215.00) on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Oppenheimer reduced their price target on shares of Amazon.com from $260.00 to $220.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $244.89.

Amazon.com Trading Down 1.1%

AMZN stock opened at $212.52 on Thursday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The stock has a market capitalization of $2.26 trillion, a price-to-earnings ratio of 34.61, a price-to-earnings-growth ratio of 1.63 and a beta of 1.33. The firm’s fifty day simple moving average is $197.28 and its two-hundred day simple moving average is $209.32.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.98 EPS. As a group, analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. This represents a 0.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the firm’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the sale, the director now owns 5,465 shares in the company, valued at $1,151,366.20. This represents a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,037 shares of company stock worth $20,531,075 in the last three months. Corporate insiders own 9.70% 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.