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

Little House Capital LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,864 shares of the e-commerce giant’s stock after selling 1,746 shares during the period. Amazon.com makes up approximately 3.0% of Little House Capital LLC’s portfolio, making the stock its 6th largest position. Little House Capital LLC’s holdings in Amazon.com were worth $8,994,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com in the fourth quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 86 shares during the period. Strid Group LLC purchased a new stake in Amazon.com in the 4th quarter worth $43,000. Harbor Investment Advisory LLC raised its holdings in Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 1,988 shares during the period. Finally, Clarity Asset Management Inc. purchased a new position in shares of Amazon.com in the fourth quarter valued at about $46,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent analyst reports. Robert W. Baird lifted their target price on Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a research note on Friday, June 21st. Stifel Nicolaus lifted their price objective on shares of Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Rosenblatt Securities reaffirmed a “buy” rating and set a $220.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. Argus boosted their price target on shares of Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Finally, Loop Capital increased their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a report on Monday, May 6th. One research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and a consensus price target of $215.86.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 1,463,437 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $200.08, for a total transaction of $292,804,474.96. Following the transaction, the insider now directly owns 935,211,842 shares of the company’s stock, valued at $187,117,185,347.36. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $195.99, for a total transaction of $685,965.00. Following the sale, the chief executive officer now owns 519,753 shares in the company, valued at $101,866,390.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 1,463,437 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $200.08, for a total transaction of $292,804,474.96. Following the completion of the transaction, the insider now directly owns 935,211,842 shares of the company’s stock, valued at $187,117,185,347.36. The disclosure for this sale can be found here. Insiders sold 1,532,985 shares of company stock valued at $305,578,679 over the last 90 days. Insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 0.4 %

AMZN opened at $199.29 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The firm has a market cap of $2.07 trillion, a price-to-earnings ratio of 55.82, a PEG ratio of 1.43 and a beta of 1.15. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20. The stock has a fifty day moving average price of $186.35 and a 200-day moving average price of $175.26.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. During the same period in the previous year, the company posted $0.31 earnings per share. The firm’s revenue was up 12.5% on a year-over-year basis. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Amazon.com Company 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.