Orser Capital Management LLC Cuts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Orser Capital Management LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,357 shares of the e-commerce giant’s stock after selling 133 shares during the quarter. Amazon.com comprises 4.1% of Orser Capital Management LLC’s investment portfolio, making the stock its 9th largest position. Orser Capital Management LLC’s holdings in Amazon.com were worth $5,563,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in AMZN. Armstrong Advisory Group Inc. lifted its stake in shares of Amazon.com by 9.0% in the 4th quarter. Armstrong Advisory Group Inc. now owns 36,446 shares of the e-commerce giant’s stock valued at $7,996,000 after purchasing an additional 3,017 shares during the period. Advisors Management Group Inc. ADV raised its stake in Amazon.com by 86.4% during the fourth quarter. Advisors Management Group Inc. ADV now owns 39,331 shares of the e-commerce giant’s stock valued at $8,629,000 after buying an additional 18,229 shares during the last quarter. CHURCHILL MANAGEMENT Corp raised its stake in Amazon.com by 30.5% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 97,086 shares of the e-commerce giant’s stock valued at $21,300,000 after buying an additional 22,678 shares during the last quarter. Rockingstone Advisors LLC raised its stake in Amazon.com by 1.4% during the fourth quarter. Rockingstone Advisors LLC now owns 23,310 shares of the e-commerce giant’s stock valued at $5,114,000 after buying an additional 324 shares during the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC raised its stake in Amazon.com by 4.2% during the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 86,076 shares of the e-commerce giant’s stock valued at $18,884,000 after buying an additional 3,509 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Up 0.3 %

Shares of Amazon.com stock opened at $235.50 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $236.40. The business has a fifty day simple moving average of $220.27 and a 200 day simple moving average of $197.44. The stock has a market cap of $2.48 trillion, a PE ratio of 50.43, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $157.28 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. Research analysts predict that Amazon.com, Inc. will post 5.39 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on AMZN. The Goldman Sachs Group lifted their price objective on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Telsey Advisory Group lifted their target price on Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Monness Crespi & Hardt lifted their target price on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Oppenheimer lifted their target price on Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Jefferies Financial Group lifted their target price on Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $249.46.

Insider Activity

In other news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the transaction, the insider now owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is owned by 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.