Koss Olinger Consulting LLC Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Koss Olinger Consulting LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 1,184.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,108 shares of the e-commerce giant’s stock after purchasing an additional 8,399 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Amazon.com were worth $967,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Chartist Inc. CA grew its stake in Amazon.com by 10.1% during the 4th quarter. Chartist Inc. CA now owns 317 shares of the e-commerce giant’s stock valued at $1,057,000 after purchasing an additional 29 shares in the last quarter. Fort Point Capital Partners LLC grew its stake in Amazon.com by 5.1% during the 4th quarter. Fort Point Capital Partners LLC now owns 3,525 shares of the e-commerce giant’s stock valued at $11,754,000 after purchasing an additional 170 shares in the last quarter. Financial Advisors Network Inc. grew its stake in Amazon.com by 10.8% during the 4th quarter. Financial Advisors Network Inc. now owns 226 shares of the e-commerce giant’s stock valued at $754,000 after purchasing an additional 22 shares in the last quarter. Pantheon Investment Group LLC grew its stake in Amazon.com by 2.3% during the 4th quarter. Pantheon Investment Group LLC now owns 2,150 shares of the e-commerce giant’s stock valued at $7,158,000 after purchasing an additional 49 shares in the last quarter. Finally, Laraway Financial Inc acquired a new stake in Amazon.com during the 4th quarter valued at approximately $1,807,000. 57.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 23,620 shares of Amazon.com stock in a transaction on Monday, August 15th. The stock was 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 owns 1,892,000 shares of the company’s stock, valued at $269,212,680. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the business’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total value of $66,263.60. Following the completion of the sale, the chief executive officer now owns 115,680 shares of the company’s stock, valued at $14,741,102.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew R. Jassy sold 23,620 shares of the business’s stock in a transaction dated Monday, August 15th. The stock was 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 of the company’s stock, valued at approximately $269,212,680. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,628 shares of company stock valued at $9,802,599. Insiders own 12.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on AMZN shares. Deutsche Bank Aktiengesellschaft decreased their target price on Amazon.com from $174.00 to $155.00 in a research report on Thursday, July 21st. UBS Group lifted their target price on Amazon.com from $167.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. StockNews.com upgraded Amazon.com from a “sell” rating to a “hold” rating in a research report on Monday, August 1st. Rosenblatt Securities lifted their target price on Amazon.com to $118.00 and gave the stock a “neutral” rating in a research report on Friday, July 29th. Finally, Barclays lifted their target price on Amazon.com from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-six have assigned a buy rating to the stock. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $176.61.

Amazon.com Price Performance

AMZN opened at $124.66 on Tuesday. The stock has a market cap of $1.27 trillion, a price-to-earnings ratio of 111.75, a PEG ratio of 5.51 and a beta of 1.33. Amazon.com, Inc. has a 1 year low of $101.26 and a 1 year high of $188.11. The company has a current ratio of 0.95, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. The stock has a fifty day moving average price of $129.52 and a 200 day moving average price of $130.59.

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

About Amazon.com

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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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