Clarity Wealth Advisors LLC Raises Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Clarity Wealth Advisors LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 7.2% in the 1st quarter, according to its latest 13F filing with the Securities and Exchange Commission. The firm now owns 16,750 shares of the e-commerce giant after purchasing an additional 1,131 shares during the quarter. Clarity Wealth Advisors LLC’s stake in Amazon.com was worth $3,021,000 at the end of the last reporting period.

Several other institutional investors also recently changed their positions in the company. Blue Zone Wealth Advisors LLC increased its holdings in Amazon.com by 0.6% in the first quarter. Blue Zone Wealth Advisors LLC now owns 30,456 shares of the e-commerce giant’s stock worth $5,494,000 after acquiring an additional 170 shares in the last quarter. WJ Wealth Management LLC increased its position in Amazon.com by 2.7% in the first quarter. WJ Wealth Management LLC now owns 20,002 shares of the e-commerce giant’s stock worth $3,608,000 after acquiring an additional 534 shares in the last quarter. Chatham Capital Group Inc. increased its holdings in shares of Amazon.com by 5.5% in the first quarter. Chatham Capital Group Inc. now owns 5,699 shares of the e-commerce giant’s stock worth $1,028,000 after acquiring an additional 298 shares during the period. Strata Wealth Advisors LLC increased its position in shares of Amazon.com by 5.7% in the first quarter. Strata Wealth Advisors LLC now owns 4,899 shares of the e-commerce giant’s stock worth $884,000 after acquiring an additional 264 shares in the last quarter. Finally, Deltec Asset Management LLC increased its stake in shares of Amazon.com by 8.5% in the first quarter. Deltec Asset Management LLC now owns 195,695 shares of the e-commerce giant’s stock worth $35,299,000 after acquiring an additional 15,253 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Internal Transactions

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 18. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the transaction, the CEO now owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The sale was disclosed in legal documents filed with the Securities & Exchange Commission and available on the SEC’s website. In related news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction dated Tuesday, May 21. The shares were sold at an average price of $181.39, for a total transaction value of $489,753.00. Following the completion of the sale, the VP now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. Additionally, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 18. The shares were sold at an average price of $181.38, for a total transaction value of $90,690.00. Following the completion of the transaction, the CEO now owns 130,600 shares of the company’s stock, valued at $23,688,228. Disclosure of this sale can be found here. Insiders have sold 1,532,985 shares of the company’s stock valued at $305,578,679 over the last ninety days. Insiders own 10.80% of the company’s stock.

Analyst ratings upgrades and downgrades

Multiple analysts have recently commented on AMZN stock. Citigroup raised their price target on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, May 1. Stifel Nicolaus raised their price target on Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a report on Wednesday, May 1. Robert W. Baird raised their price target on Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research report on Friday, June 21. Bank of America raised their price target on Amazon.com from $210.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, June 26. Finally, Raymond James raised their price target on Amazon.com from $200.00 to $205.00 and gave the stock a “strong buy” rating in a report on Wednesday, May 1. One investment analyst rated the stock a “hold”, forty-three gave a “buy” rating, and one gave a “strong buy” rating to the company. The company has a consensus rating of “buy” and an average price target of $215.86 based on data from MarketBeat.

Check out our latest analysis on Amazon.com

Amazon.com Stock Performance

AMZN opened at $200.00 on Monday. The company’s 50 day simple moving average is $185.99, and its two-hundred day simple moving average is $174.94. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $200.55. The company has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 56.02, a PEG ratio of 1.43 and a beta of 1.15. The company has a current ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly financial results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company had revenue of $143.31 billion for the quarter, compared to analysts’ estimates of $142.65 billion. During the same period last year, the company reported $0.31 earnings per share. Amazon.com’s quarterly revenue increased 12.5% ​​compared to the same quarter last year. Equity analysts are predicting that Amazon.com, Inc. will report $4.72 earnings per share for the current fiscal year.

Amazon.com Profile

(Free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. The company operates in three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink, and eero; and develops and produces multimedia content.

read more

Want to see what other hedge funds own AMZN stock? Visit HoldingsChannel.com to get the latest 13F filings and insider trading information for Amazon.com, Inc. (NASDAQ:AMZN – free report).

Get daily news and reviews for Amazon.com – Enter your email address below to receive a concise summary of the latest news and analyst ratings for Amazon.com and related companies in MarketBeat.com’s FREE daily newsletter.