Amazon.com, Inc. (NASDAQ:AMZN) Stake Increased by ORG Wealth Partners LLC

ORG Wealth Partners LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 62.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,656 shares of the e-commerce giant's stock after purchasing an additional 10,290 shares during the quarter. Amazon.com accounts for approximately 1.6% of ORG Wealth Partners LLC's holdings, making the stock its 8th biggest holding. ORG Wealth Partners LLC's holdings in Amazon.com were worth $5,122,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Cable Hill Partners LLC raised its holdings in shares of Amazon.com by 0.5% in the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock worth $2,104,000 after buying an additional 44 shares during the last quarter. Northern Capital Management Inc. raised its holdings in shares of Amazon.com by 0.6% during the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock worth $1,613,000 after purchasing an additional 45 shares during the last quarter. White Wing Wealth Management raised its holdings in shares of Amazon.com by 2.4% during the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock worth $433,000 after purchasing an additional 47 shares during the last quarter. Balanced Wealth Group LLC increased its holdings in Amazon.com by 1.6% in the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock valued at $705,000 after buying an additional 48 shares in the last quarter. Finally, ETF Store Inc. increased its holdings in Amazon.com by 2.1% in the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock valued at $522,000 after buying an additional 48 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Price Performance

Shares of AMZN opened at $223.47 on Tuesday. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The firm's 50 day moving average price is $207.16 and its 200 day moving average price is $208.51. The company has a market cap of $2.37 trillion, a P/E ratio of 36.40, a PEG ratio of 1.68 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the prior year, the firm earned $0.98 EPS. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. On average, research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 20,923 shares of the business'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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian T. Olsavsky sold 17,750 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the transaction, the chief financial officer owned 49,000 shares of the company's stock, valued at $9,876,930. This trade represents a 26.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,426,963 shares of company stock worth $757,297,707 over the last ninety days. 10.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on AMZN shares. The Goldman Sachs Group dropped their target price on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Jefferies Financial Group lowered their price target on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Wedbush restated an "outperform" rating and set a $235.00 price target (up from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. BNP Paribas upgraded shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Finally, Barclays lowered their price target on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and an average target price of $245.60.

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.

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