Koss Olinger Consulting LLC Sells 2,967 Shares of Amazon.com, Inc. $AMZN

Key Points

• Koss Olinger Consulting LLC reduced its stake in Amazon.com by 10.3%, selling 2,967 shares in the first quarter, leaving it with 25,890 shares valued at approximately $4.93 million.
• Analysts have set new price targets for Amazon.com, with BMO Capital Markets increasing its target from $270 to $280, while Pivotal Research raised its target from $260 to $285, indicating a positive outlook for the stock.
• Amazon.com shares recently traded down 1.4%, opening at $232.33, and reported a strong quarterly earnings beat with $1.68 EPS, surpassing estimates of $1.31.

Koss Olinger Consulting LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 10.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,890 shares of the e-commerce giant's stock after selling 2,967 shares during the quarter. Koss Olinger Consulting LLC's holdings in Amazon.com were worth $4,926,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of AMZN. Castlekeep Investment Advisors LLC acquired a new position in Amazon.com in the fourth quarter worth $25,000. Cooksen Wealth LLC acquired a new position in Amazon.com in the first quarter worth $36,000. Inlight Wealth Management LLC acquired a new position in Amazon.com in the first quarter worth $40,000. Capitol Family Office Inc. bought a new stake in Amazon.com in the first quarter valued at $42,000. Finally, Harbor Investment Advisory LLC lifted its stake in Amazon.com by 0.7% in the first quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant's stock valued at $58,000 after buying an additional 2,145 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Ratings Changes

AMZN has been the topic of a number of recent analyst reports. Moffett Nathanson lifted their price objective on shares of Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. Wells Fargo & Company lifted their target price on Amazon.com from $238.00 to $245.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Amazon.com in a research note on Friday, August 1st. Monness Crespi & Hardt lifted their target price on Amazon.com from $265.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, Rosenblatt Securities lifted their price target on Amazon.com from $288.00 to $297.00 and gave the company a "buy" rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of "Buy" and an average target price of $262.87.

Amazon.com Stock Performance

Shares of AMZN traded down $6.81 on Wednesday, reaching $231.43. 38,666,232 shares of the stock traded hands, compared to its average volume of 43,727,691. The firm has a market cap of $2.47 trillion, a price-to-earnings ratio of 35.28, a P/E/G ratio of 1.58 and a beta of 1.30. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The stock's 50-day moving average price is $226.43 and its 200-day moving average price is $208.24.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. During the same period in the previous year, the business posted $1.26 earnings per share. Amazon.com's quarterly revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the sale, the insider owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 25,097,911 shares of company stock valued at $5,676,032,574 over the last quarter. Corporate insiders own 10.80% of the company's stock.

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.