Amazon.com, Inc. $AMZN Shares Acquired by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 587,224 shares of the e-commerce giant’s stock after acquiring an additional 8,466 shares during the quarter. Amazon.com comprises 1.1% of Orion Porfolio Solutions LLC’s holdings, making the stock its 9th largest position. Orion Porfolio Solutions LLC’s holdings in Amazon.com were worth $128,831,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Munro Partners purchased a new stake in shares of Amazon.com during the second quarter worth $177,599,000. Provident Investment Management Inc. boosted its position in Amazon.com by 9.3% during the second quarter. Provident Investment Management Inc. now owns 227,121 shares of the e-commerce giant’s stock worth $49,828,000 after acquiring an additional 19,289 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in Amazon.com by 5.7% during the second quarter. Thrivent Financial for Lutherans now owns 5,692,317 shares of the e-commerce giant’s stock worth $1,249,409,000 after acquiring an additional 309,425 shares during the last quarter. MASTERINVEST Kapitalanlage GmbH purchased a new stake in Amazon.com during the 2nd quarter valued at about $32,547,000. Finally, Promus Capital LLC raised its holdings in Amazon.com by 10.2% in the 2nd quarter. Promus Capital LLC now owns 11,148 shares of the e-commerce giant’s stock valued at $2,446,000 after acquiring an additional 1,028 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $216.94, for a total value of $4,311,031.68. Following the completion of the sale, the chief executive officer owned 2,208,310 shares in the company, valued at approximately $479,070,771.40. This trade represents a 0.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $226.61, for a total value of $280,316.57. Following the transaction, the director owned 26,148 shares in the company, valued at $5,925,398.28. This trade represents a 4.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 82,234 shares of company stock worth $19,076,767 in the last three months. 9.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Morgan Stanley restated an “overweight” rating and set a $315.00 target price (up from $300.00) on shares of Amazon.com in a report on Friday, October 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Amazon.com in a research report on Monday, December 1st. New Street Research upped their target price on Amazon.com from $270.00 to $340.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Roth Capital raised their target price on Amazon.com from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Bank of America boosted their price target on shares of Amazon.com from $272.00 to $303.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $295.43.

Amazon.com Stock Down 1.6%

Shares of AMZN opened at $222.54 on Tuesday. The firm has a market cap of $2.38 trillion, a P/E ratio of 31.43, a price-to-earnings-growth ratio of 1.56 and a beta of 1.37. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $258.60. The company’s 50-day moving average price is $229.39 and its 200 day moving average price is $225.13. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.38. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The company had revenue of $180.17 billion during the quarter, compared to analyst estimates of $177.53 billion. During the same quarter last year, the firm posted $1.43 earnings per share. Amazon.com’s revenue was up 13.4% compared to the same quarter last year. On average, sell-side analysts forecast 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.