Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Trimmed by Orgel Wealth Management LLC

Orgel Wealth Management LLC cuts its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 8.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,440 shares of the e-commerce giant’s stock after selling 234 shares during the quarter. Orgel Wealth Management LLC’s holdings in Amazon.com were worth $440,000 at the end of the most recent quarter.

Other hedge funds have also recently purchased and sold shares of the company. Vanguard Group Inc. raised its position in shares of Amazon.com by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock worth $117,158,872,000 after buying an additional 13,134,632 shares in the last quarter. FMR LLC raised its position in shares of Amazon.com by 7.7% during the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after buying an additional 21,649,871 shares in the last quarter. Norges Bank bought a new stake in shares of Amazon.com during the 4th quarter worth about $17,700,551,000. Northern Trust Corp raised its position in shares of Amazon.com by 3.7% during the 3rd quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock worth $11,736,905,000 after buying an additional 3,260,411 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of Amazon.com by 2.5% in the 4th quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock worth $8,565,017,000 after purchasing an additional 1,389,503 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AMZN shares. Mizuho boosted their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Morgan Stanley boosted their target price on shares of Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Raymond James boosted their target price on shares of Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a report on Wednesday, May 1st. Needham & Company LLC reiterated a “buy” rating and issued a $205.00 target price on shares of Amazon.com in a report on Monday. Finally, Oppenheimer boosted their target price on shares of Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $215.86.

Check Out Our Latest Analysis on Amazon.com

Amazon.com Price Performance

NASDAQ:AMZN opened at $197.20 on Tuesday. The stock has a market cap of $2.05 trillion, a P/E ratio of 55.24, a PEG ratio of 1.38 and a beta of 1.15. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $199.84. The company has a fifty day moving average price of $183.87 and a 200 day moving average price of $173.28. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. The firm had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business’s quarterly revenue was up 12.5% ​​compared to the same quarter last year. During the same period in the prior year, the company earned $0.31 EPS. Analysts anticipate that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, SVP David Zapolsky sold 4,710 shares of the company’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $195.00, for a total transaction of $918,450.00. Following the completion of the transaction, the senior vice president now directly owns 59,500 shares in the company, valued at approximately $11,602,500. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the sale, the chief executive officer now owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP David Zapolsky sold 4,710 shares of the business’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $195.00, for a total transaction of $918,450.00. Following the completion of the sale, the senior vice president now directly owns 59,500 shares in the company, valued at approximately $11,602,500. The disclosure for this sale can be found here. Insiders sold a total of 66,548 shares of company stock worth $12,180,239 in the last ninety days. 10.80% of the stock is currently owned by insiders.

Amazon.com Company Profile

(Free Report)

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.

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