D Orazio & Associates Inc. Reduces Stake in Amazon.com, Inc. to $3.28 Million

D Orazio & Associates Inc. has decreased its investment in Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% during the third quarter, as indicated in its latest filing with the Securities and Exchange Commission (SEC). After selling 501 shares during this quarter, the institutional investor now holds 17,627 shares of the prominent e-commerce company. Amazon.com constitutes around 0.5% of D Orazio & Associates Inc.’s total holdings, positioning it as the firm’s 24th largest investment. By the conclusion of the recent quarter, D Orazio & Associates Inc.'s stake in Amazon.com was valued at approximately $3,284,000.

Several other substantial investors have also adjusted their positions in AMZN. For instance, International Assets Investment Management LLC significantly increased its holdings in Amazon.com by an astounding 20,897.2% during the third quarter, now owning 39,135,449 shares valued at approximately $72.92 billion. Similarly, Strategic Financial Concepts LLC raised its stake by 13,606.7% in the second quarter, resulting in ownership of 3,932,580 shares worth about $759.97 million. Wulff Hansen & Co. also showed substantial growth by lifting its holdings in Amazon.com by 20,517.4% in the same quarter, owning 3,884,325 shares valued at roughly $750.65 million. Moreover, National Pension Service increased its stake by 15.9% in the third quarter, currently owning 16,920,526 shares valued at around $3.15 billion, while Granite Bay Wealth Management LLC boosted its holdings by 6,590.8% in the second quarter, with ownership of 2,353,894 shares valued at approximately $432.39 million. Institutional investors collectively own 72.20% of Amazon.com’s shares.

Recent Analyst Ratings

Amazon.com has become a focal point for numerous research analysts. Scotiabank raised its price target for Amazon.com shares from $245.00 to $246.00 and maintained a “sector outperform” rating as of November 1st. Loop Capital also increased its price target from $225.00 to $275.00 and issued a “buy” rating on November 6th. Similarly, Rosenblatt Securities adjusted its price target from $221.00 to $236.00 with a “buy” rating on November 1st. Additionally, JPMorgan Chase & Co. raised its price objective from $250.00 to $280.00, giving the stock an “overweight” rating on December 18th. Evercore ISI also increased their target price from $240.00 to $260.00 while maintaining an “outperform” rating on November 1st. Among the analysts’ ratings, two recommended a hold, forty-one suggested a buy, and one issued a strong buy rating. According to MarketBeat, the average rating for Amazon.com currently stands at “Moderate Buy,” with an average price target of $243.00.

Insider Trading Activity

In relevant news, CEO Douglas J. Herrington sold 5,502 shares of Amazon.com on November 15th, at an average price of $205.81, totalling $1,132,366.62. Following this sale, he retains ownership of 518,911 shares valued at about $106,797,072.91, marking a 1.05% reduction in his stake. This transaction was recorded in a legal document filed with the SEC. Additionally, Director Daniel P. Huttenlocher sold 1,237 shares on November 19th at an average price of $199.06, amounting to $246,237.22. After this sale, Huttenlocher now owns 24,912 shares worth approximately $4,958,982.72, reflecting a 4.73% decrease in his ownership. Insiders of Amazon.com have collectively sold 6,032,344 shares valued at $1,253,456,822 within the last three months, and currently, corporate insiders hold 10.80% of the stock.

Amazon.com Stock Performance

As of Wednesday, AMZN stock opened at $229.05. Over the past year, Amazon.com, Inc. has reached a low of $144.05 and a high of $233.00. The company reports a debt-to-equity ratio of 0.21, a quick ratio of 0.87, and a current ratio of 1.09. Amazon.com has a 50-day moving average of $206.58 and a 200-day moving average of $191.74. Its market capitalization is currently $2.41 trillion, with a PE ratio of 49.05, a price-to-earnings-growth ratio of 1.54, and a beta of 1.16.

Amazon.com last disclosed its quarterly earnings results on October 31st, revealing earnings per share (EPS) of $1.43, surpassing analysts’ expectations of $1.14 by $0.29. The company reported revenues of $158.88 billion, exceeding the consensus estimate of $157.28 billion. Amazon achieved a net profit margin of 8.04%, with a return on equity of 22.41%, reflecting an 11.0% revenue increase compared to the previous year. In the same quarter last year, the firm reported $0.85 EPS. Analysts predict that Amazon.com, Inc. will post an EPS of 5.29 for the current year.

About Amazon.com

Amazon.com, Inc. specializes in the retail sale of consumer products, advertising, and subscription services through both online and physical stores around the globe. The company operates in three primary segments: North America, International, and Amazon Web Services (AWS). Additionally, Amazon.com manufactures and sells various electronic devices including Kindle e-readers, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero, along with developing and producing media content.

Investment, Amazon, Shares