ORG Partners LLC Sells 7,716 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

ORG Partners LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 21.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,485 shares of the e-commerce giant's stock after selling 7,716 shares during the period. Amazon.com accounts for 1.3% of ORG Partners LLC's investment portfolio, making the stock its 14th biggest position. ORG Partners LLC's holdings in Amazon.com were worth $5,278,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of AMZN. Vanguard Group Inc. lifted its stake in Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares in the last quarter. FMR LLC raised its position in shares of Amazon.com by 0.5% during the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock valued at $72,061,766,000 after buying an additional 1,725,664 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Amazon.com by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock valued at $44,837,256,000 after buying an additional 5,015,380 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Amazon.com by 2.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock valued at $40,107,544,000 after buying an additional 4,087,933 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Amazon.com during the 4th quarter valued at $27,266,582,000. 72.20% of the stock is owned by institutional investors.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the completion of the sale, the chief executive officer directly owned 2,148,694 shares of the company's stock, valued at approximately $432,532,102.20. This represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew S. Garman sold 20,923 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. Insiders sold 6,401,408 shares of company stock valued at $1,423,159,137 over the last three months. Corporate insiders own 10.80% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on AMZN shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. BNP Paribas Exane upgraded shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 target price on the stock in a research report on Friday, June 27th. Rosenblatt Securities lifted their target price on shares of Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Royal Bank Of Canada decreased their target price on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, Mizuho decreased their target price on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Three investment analysts have rated the stock with a hold rating, forty-six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $246.41.

Amazon.com Stock Performance

Shares of AMZN traded up $3.18 during mid-day trading on Wednesday, hitting $222.54. 38,034,550 shares of the company traded hands, compared to its average volume of 42,037,661. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The stock has a 50-day moving average price of $207.80 and a two-hundred day moving average price of $208.58. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The stock has a market cap of $2.36 trillion, a price-to-earnings ratio of 36.24, a P/E/G ratio of 1.68 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same period in the previous year, the company earned $0.98 earnings per share. The firm's quarterly revenue was up 8.6% on a year-over-year basis. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

About Amazon.com

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.