Orgel Wealth Management LLC Sells 234 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Orgel Wealth Management LLC reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.8% in the 1st quarter, Holdings Channel.com reports. The fund owned 2,440 shares of the e-commerce giant’s stock after selling 234 shares during the period. Orgel Wealth Management LLC’s holdings in Amazon.com were worth $440,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in AMZN. Cooksen Wealth LLC bought a new position in shares of Amazon.com in the fourth quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 86 shares in the last quarter. Strid Group LLC bought a new position in shares of Amazon.com in the fourth quarter valued at $43,000. Clarity Asset Management Inc. bought a new position in shares of Amazon.com in the fourth quarter valued at $46,000. Finally, Steph & Co. bought a new position in shares of Amazon.com in the first quarter valued at $65,000. 72.20% of the stock is owned by institutional investors.

Insider Transactions at Amazon.com

In related news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at $21,726,894.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at $21,726,894.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the sale, the chief executive officer now owns 130,600 shares in the company, valued at $23,688,228. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,548 shares of company stock worth $12,180,239. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $197.20 on Tuesday. The stock has a market cap of $2.05 trillion, a P/E ratio of 55.24, a price-to-earnings-growth ratio of 1.38 and a beta of 1.15. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The stock’s 50-day moving average is $183.87 and its 200-day moving average is $173.28. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $199.84.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.31 earnings per share. Equities research analysts anticipate that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on AMZN. Tigress Financial raised their target price on shares of Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. Bank of America raised their target price on shares of Amazon.com from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. DA Davidson reissued a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a research note on Thursday, April 18th. Rosenblatt Securities reaffirmed a “buy” rating and set a $220.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. Finally, Wells Fargo & Company raised their price target on Amazon.com from $234.00 to $239.00 and gave the company an “overweight” rating in a report on Friday. One research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $215.86.

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.