Littlejohn Financial Services Inc. Purchases Shares of 10,805 Amazon.com, Inc. (NASDAQ:AMZN)

Littlejohn Financial Services Inc. bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,805 shares of the e-commerce giant's stock, valued at approximately $2,371,000. Amazon.com makes up 2.1% of Littlejohn Financial Services Inc.'s holdings, making the stock its 12th largest position.

Other hedge funds have also modified their holdings of the company. Accordant Advisory Group Inc increased its holdings in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after buying an additional 100 shares in the last quarter. Quattro Financial Advisors LLC grew its holdings in shares of Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after acquiring an additional 45 shares during the period. Bull Oak Capital LLC purchased a new position in Amazon.com in the 3rd quarter valued at approximately $45,000. Iron Horse Wealth Management LLC raised its holdings in Amazon.com by 64.4% during the fourth quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant's stock worth $63,000 after purchasing an additional 112 shares during the last quarter. Finally, Values First Advisors Inc. purchased a new stake in Amazon.com during the third quarter worth $56,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.44. Following the completion of the transaction, the chief executive officer now directly owns 505,318 shares in the company, valued at $115,434,843.92. The trade was a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the sale, the chief executive officer now owns 2,118,886 shares in the company, valued at $467,532,195.90. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock valued at $22,871,828 in the last quarter. Insiders own 10.80% of the company's stock.

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Analyst Ratings Changes

AMZN has been the subject of several research reports. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $270.00 price target on shares of Amazon.com in a research note on Friday, February 7th. JPMorgan Chase & Co. raised their target price on shares of Amazon.com from $250.00 to $280.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. Wells Fargo & Company reduced their price target on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 25th. Piper Sandler reissued an "overweight" rating and set a $265.00 price objective (up from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Finally, Barclays upped their target price on Amazon.com from $235.00 to $265.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and an average target price of $260.65.

Amazon.com Stock Down 2.5 %

Amazon.com stock traded down $5.00 during midday trading on Thursday, hitting $193.89. The stock had a trading volume of 41,094,065 shares, compared to its average volume of 39,365,293. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The business has a fifty day moving average price of $222.71 and a 200 day moving average price of $207.20. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock has a market cap of $2.05 trillion, a P/E ratio of 35.06, a P/E/G ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.