Amazon.com, Inc. (NASDAQ:AMZN) Stake Trimmed by ORG Wealth Partners LLC

ORG Wealth Partners LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 16,366 shares of the e-commerce giant’s stock after selling 795 shares during the period. Amazon.com accounts for approximately 1.3% of ORG Wealth Partners LLC’s portfolio, making the stock its 7th biggest holding. ORG Wealth Partners LLC’s holdings in Amazon.com were worth $3,591,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stelac Advisory Services LLC raised its holdings in shares of Amazon.com by 3.4% during the 2nd quarter. Stelac Advisory Services LLC now owns 4,924 shares of the e-commerce giant’s stock worth $952,000 after acquiring an additional 164 shares during the period. Smith Salley Wealth Management raised its holdings in shares of Amazon.com by 6.7% during the 2nd quarter. Smith Salley Wealth Management now owns 235,717 shares of the e-commerce giant’s stock worth $45,552,000 after acquiring an additional 14,769 shares during the period. Braun Stacey Associates Inc. raised its holdings in shares of Amazon.com by 2.3% during the 2nd quarter. Braun Stacey Associates Inc. now owns 524,412 shares of the e-commerce giant’s stock worth $101,342,000 after acquiring an additional 11,570 shares during the period. Callahan Advisors LLC raised its holdings in shares of Amazon.com by 2.7% during the 2nd quarter. Callahan Advisors LLC now owns 206,272 shares of the e-commerce giant’s stock worth $39,862,000 after acquiring an additional 5,350 shares during the period. Finally, Lawson Kroeker Investment Management Inc. NE purchased a new position in shares of Amazon.com during the 2nd quarter worth $464,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 2.1 %

Shares of NASDAQ AMZN opened at $230.71 on Wednesday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $233.00. The business has a 50-day moving average price of $218.30 and a 200 day moving average price of $196.47. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.43 trillion, a PE ratio of 49.40, a price-to-earnings-growth ratio of 1.26 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same period last year, the firm earned $0.85 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post 5.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AMZN. Raymond James lifted their price target on Amazon.com from $230.00 to $260.00 and gave the stock a “strong-buy” rating in a report on Tuesday. Needham & Company LLC restated a “buy” rating and issued a $250.00 price objective on shares of Amazon.com in a report on Tuesday. Royal Bank of Canada lifted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Tigress Financial upped their price target on Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Finally, Susquehanna boosted their price objective on Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a report on Friday, November 1st. Two 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.com, the company has a consensus rating of “Moderate Buy” and an average price target of $246.85.

Insider Activity

In other news, CEO Matthew S. Garman sold 15,260 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the sale, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at $69,918,559.59. This trade represents a 4.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 5,004 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the transaction, the director now directly owns 99,396 shares of the company’s stock, valued at $19,864,290.60. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock valued at $1,253,456,822 in the last three months. 10.80% of the stock is currently owned by company insiders.

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.