Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 550,447 shares of the e-commerce giant’s stock after selling 9,167 shares during the quarter. Amazon.com accounts for 2.2% of Orion Portfolio Solutions LLC’s portfolio, making the stock its 11th biggest holding. Orion Portfolio Solutions LLC’s holdings in Amazon.com were worth $102,565,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. World Investment Advisors LLC boosted its stake in shares of Amazon.com by 706.0% in the third quarter. World Investment Advisors LLC now owns 789,755 shares of the e-commerce giant’s stock valued at $147,155,000 after buying an additional 691,770 shares in the last quarter. Zacks Investment Management purchased a new stake in shares of Amazon.com in the third quarter valued at approximately $191,911,000. Zega Financial LLC boosted its stake in shares of Amazon.com by 23.0% in the third quarter. Zega Financial LLC now owns 63,650 shares of the e-commerce giant’s stock valued at $11,860,000 after buying an additional 11,892 shares in the last quarter. Hendershot Investments Inc. boosted its stake in shares of Amazon.com by 1,999.0% in the third quarter. Hendershot Investments Inc. now owns 62,969 shares of the e-commerce giant’s stock valued at $11,733,000 after buying an additional 59,969 shares in the last quarter. Finally, Glen Eagle Advisors LLC boosted its stake in shares of Amazon.com by 0.9% in the third quarter. Glen Eagle Advisors LLC now owns 56,983 shares of the e-commerce giant’s stock valued at $10,618,000 after buying an additional 518 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on AMZN shares. DA Davidson reiterated a “buy” rating and set a $235.00 target price on shares of Amazon.com in a research report on Thursday, October 10th. JPMorgan Chase & Co. boosted their target price on Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Maxim Group boosted their target price on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Roth Mkm boosted their target price on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Loop Capital boosted their target price on Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $245.33.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $218.46 on Tuesday. Amazon.com, Inc. has a one year low of $149.91 and a one year high of $233.00. The business’s 50-day simple moving average is $216.66 and its 200 day simple moving average is $195.57. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The company has a market cap of $2.30 trillion, a P/E ratio of 46.78, a PEG ratio of 1.54 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS. On average, sell-side analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction that occurred on Friday, November 1st. The stock was 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 owns 99,396 shares in the company, valued at approximately $19,864,290.60. This trade represents a 4.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is currently owned by corporate 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.