Orion Capital Management LLC Sells 490 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Orion Capital Management LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,590 shares of the e-commerce giant’s stock after selling 490 shares during the quarter. Amazon.com comprises about 2.3% of Orion Capital Management LLC’s investment portfolio, making the stock its 11th largest position. Orion Capital Management LLC’s holdings in Amazon.com were worth $3,470,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of AMZN. Kavar Capital Partners Group LLC boosted its holdings in shares of Amazon.com by 7.6% in the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after purchasing an additional 79 shares during the period. IFM Investors Pty Ltd raised its position in Amazon.com by 21.8% in the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after purchasing an additional 13,060 shares during the period. Ironwood Wealth Management LLC. raised its position in Amazon.com by 0.8% in the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after purchasing an additional 15 shares during the period. Markel Corp lifted its stake in Amazon.com by 0.6% in the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after purchasing an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC boosted its position in shares of Amazon.com by 24.8% during the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after buying an additional 540 shares during the period. Institutional investors own 57.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wolfe Research raised their price target on Amazon.com from $140.00 to $150.00 in a research note on Monday, July 10th. JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $145.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, August 4th. Bank of America boosted their price objective on shares of Amazon.com from $154.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Roth Mkm raised their target price on shares of Amazon.com from $155.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, TD Cowen boosted their price target on Amazon.com from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Two research analysts have rated the stock with a hold rating and forty-eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $160.87.

Amazon.com Stock Up 0.1 %

NASDAQ AMZN opened at $138.12 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.37. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $143.63. The business’s fifty day simple moving average is $132.90 and its 200-day simple moving average is $116.16. The firm has a market cap of $1.43 trillion, a PE ratio of 108.76, a P/E/G ratio of 1.76 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, topping the consensus estimate of $0.34 by $0.29. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. The firm had revenue of $134.38 billion for the quarter, compared to analyst estimates of $131.54 billion. As a group, equities analysts anticipate that Amazon.com, Inc. will post 2.23 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 50,000 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $141.00, for a total transaction of $7,050,000.00. Following the sale, the chief executive officer now owns 510,301 shares of the company’s stock, valued at $71,952,441. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $125.07, for a total transaction of $62,535.00. Following the completion of the transaction, the chief executive officer now directly owns 151,780 shares of the company’s stock, valued at $18,983,124.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 50,000 shares of Amazon.com stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $141.00, for a total transaction of $7,050,000.00. Following the completion of the transaction, the chief executive officer now owns 510,301 shares of the company’s stock, valued at approximately $71,952,441. The disclosure for this sale can be found here. Insiders sold a total of 1,362,329 shares of company stock valued at $48,508,072 in the last three months. 12.70% of the stock is owned by corporate insiders.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.