Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Orca Investment Management LLC

Orca Investment Management LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,071 shares of the e-commerce giant’s stock after purchasing an additional 461 shares during the quarter. Amazon.com accounts for 1.4% of Orca Investment Management LLC’s holdings, making the stock its 24th largest holding. Orca Investment Management LLC’s holdings in Amazon.com were worth $1,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. GenTrust LLC lifted its holdings in Amazon.com by 1.4% during the 1st quarter. GenTrust LLC now owns 37,195 shares of the e-commerce giant’s stock worth $6,709,000 after buying an additional 525 shares during the last quarter. Horizon Bancorp Inc. IN raised its position in shares of Amazon.com by 2.5% during the 1st quarter. Horizon Bancorp Inc. IN now owns 3,793 shares of the e-commerce giant’s stock worth $684,000 after acquiring an additional 94 shares in the last quarter. FORVIS Wealth Advisors LLC lifted its stake in Amazon.com by 68.0% during the first quarter. FORVIS Wealth Advisors LLC now owns 60,901 shares of the e-commerce giant’s stock worth $10,985,000 after purchasing an additional 24,644 shares during the last quarter. Mezzasalma Advisors LLC boosted its holdings in Amazon.com by 7.7% in the first quarter. Mezzasalma Advisors LLC now owns 53,452 shares of the e-commerce giant’s stock valued at $9,642,000 after purchasing an additional 3,842 shares in the last quarter. Finally, Kesler Norman & Wride LLC increased its stake in Amazon.com by 145.9% in the first quarter. Kesler Norman & Wride LLC now owns 16,994 shares of the e-commerce giant’s stock valued at $3,065,000 after purchasing an additional 10,082 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 0.6 %

Shares of NASDAQ:AMZN opened at $206.84 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The stock has a market cap of $2.17 trillion, a price-to-earnings ratio of 44.29, a P/E/G ratio of 1.40 and a beta of 1.14. The company has a 50 day moving average of $187.83 and a 200-day moving average of $184.71. Amazon.com, Inc. has a one year low of $139.52 and a one year high of $212.25.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period last year, the company earned $0.85 EPS. The firm’s revenue was up 11.0% on a year-over-year basis. On average, sell-side analysts forecast that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Insider Activity

In other news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at $8,820,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,859 shares of company stock valued at $10,215,097 in the last quarter. Company insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Wells Fargo & Company downgraded shares of Amazon.com from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $225.00 to $183.00 in a research report on Monday, October 7th. Maxim Group raised their price objective on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Itau BBA Securities cut Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price on the stock. in a research report on Friday, August 2nd. Bank of America upped their target price on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Truist Financial lifted their price target on Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $234.55.

Amazon.com 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.