Orleans Capital Management Corp LA Acquires 1,480 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Orleans Capital Management Corp LA grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 16.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,640 shares of the e-commerce giant's stock after acquiring an additional 1,480 shares during the quarter. Amazon.com accounts for 1.4% of Orleans Capital Management Corp LA's holdings, making the stock its 29th biggest position. Orleans Capital Management Corp LA's holdings in Amazon.com were worth $2,477,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AMZN. Accordant Advisory Group Inc increased its position in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after buying an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com in the fourth quarter valued at about $27,000. Perritt Capital Management Inc increased its holdings in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares during the period. Quattro Financial Advisors LLC grew its position in Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after buying an additional 45 shares in the last quarter. Finally, Compass Planning Associates Inc bought a new stake in Amazon.com during the fourth quarter worth about $51,000. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN traded down $0.71 during midday trading on Tuesday, reaching $185.64. 17,739,850 shares of the company traded hands, compared to its average volume of 41,576,361. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm has a market capitalization of $1.97 trillion, a price-to-earnings ratio of 33.59, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The firm's fifty day moving average price is $189.92 and its two-hundred day moving average price is $208.04.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data 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 9.29% and a return on equity of 24.25%. The company had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. During the same period in the prior year, the business earned $0.98 earnings per share. Amazon.com's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $190.67, for a total value of $476,675.00. Following the transaction, the chief executive officer now owns 506,974 shares in the company, valued at approximately $96,664,732.58. This trade represents a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. The trade was a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 107,298 shares of company stock worth $23,818,478 in the last quarter. 9.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Mizuho lowered their price target on Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Westpark Capital restated a "buy" rating and set a $280.00 price objective on shares of Amazon.com in a research report on Friday. HSBC upped their price target on shares of Amazon.com from $225.00 to $270.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Wedbush reiterated an "outperform" rating and set a $235.00 target price (up previously from $225.00) on shares of Amazon.com in a research report on Friday. Finally, The Goldman Sachs Group cut their price target on Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. Based on data from MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and an average price target of $244.09.

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.