Amazon.com, Inc. (NASDAQ:AMZN) Holdings Reduced by Orion Capital Management LLC

Orion Capital Management LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 34,510 shares of the e-commerce giant’s stock after selling 1,370 shares during the period. Amazon.com makes up about 3.1% of Orion Capital Management LLC’s investment portfolio, making the stock its 5th largest holding. Orion Capital Management LLC’s holdings in Amazon.com were worth $3,900,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AMZN. Fiduciary Planning LLC raised its holdings in Amazon.com by 1.5% during the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after acquiring an additional 5 shares during the period. HBC Financial Services PLLC raised its holdings in Amazon.com by 0.8% during the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after acquiring an additional 5 shares during the period. Meridian Investment Counsel Inc. raised its holdings in Amazon.com by 3.4% during the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after acquiring an additional 5 shares during the period. Alterna Wealth Management Inc. raised its holdings in Amazon.com by 1.8% during the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after acquiring an additional 5 shares during the period. Finally, Archetype Wealth Partners raised its holdings in Amazon.com by 3.7% during the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after acquiring an additional 6 shares during the period. 57.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Piper Sandler cut their price objective on Amazon.com from $125.00 to $119.00 and set an “overweight” rating for the company in a research report on Tuesday, November 22nd. New Street Research assumed coverage on Amazon.com in a research report on Wednesday, January 4th. They set a “buy” rating and a $130.00 price objective for the company. StockNews.com assumed coverage on Amazon.com in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Cowen cut their price objective on Amazon.com from $160.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, January 11th. Finally, UBS Group cut their price objective on Amazon.com from $165.00 to $125.00 in a research report on Wednesday, January 4th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $145.87.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $97.25 on Monday. The company has a market capitalization of $992.11 billion, a price-to-earnings ratio of 89.26, a price-to-earnings-growth ratio of 3.06 and a beta of 1.22. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $170.83. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. The firm has a 50 day moving average of $90.72 and a 200 day moving average of $110.23.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The business had revenue of $127.10 billion during the quarter, compared to the consensus estimate of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the firm earned $0.31 EPS. On average, sell-side analysts predict that Amazon.com, Inc. will post 0.68 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 15,787 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $103.10, for a total value of $1,627,639.70. Following the completion of the transaction, the chief executive officer now owns 522,251 shares of the company’s stock, valued at $53,844,078.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Douglas J. Herrington sold 15,787 shares of the company’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the transaction, the chief executive officer now directly owns 522,251 shares of the company’s stock, valued at $53,844,078.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 345 shares of the company’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total value of $35,190.00. Following the transaction, the chief executive officer now directly owns 112,795 shares in the company, valued at $11,505,090. The disclosure for this sale can be found here. Insiders sold 52,428 shares of company stock valued at $5,077,578 over the last 90 days. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as www.amazon.com and www.amazon.ca.

See Also

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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