Clarity Capital Partners LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,772 shares of the e-commerce giant's stock after selling 1,923 shares during the period. Amazon.com comprises 3.2% of Clarity Capital Partners LLC's holdings, making the stock its 6th largest holding. Clarity Capital Partners LLC's holdings in Amazon.com were worth $7,948,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com in the 4th quarter valued at about $27,000. LSV Asset Management purchased a new stake in Amazon.com in the 4th quarter valued at about $35,000. Perritt Capital Management Inc boosted its position in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after buying an additional 80 shares during the period. Inlight Wealth Management LLC purchased a new stake in Amazon.com in the 1st quarter valued at about $40,000. Finally, Capitol Family Office Inc. purchased a new stake in Amazon.com in the 1st quarter valued at about $42,000. 72.20% of the stock is currently owned by institutional investors.
Amazon.com Stock Down 7.7%
Shares of NASDAQ:AMZN traded down $18.04 during trading on Friday, hitting $216.07. 65,807,773 shares of the company were exchanged, compared to its average volume of 44,434,758. The stock has a market capitalization of $2.29 trillion, a P/E ratio of 35.17, a PEG ratio of 1.71 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The firm's 50 day moving average price is $217.93 and its 200-day moving average price is $209.23.
Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company's revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.26 EPS. On average, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts have issued reports on AMZN shares. Moffett Nathanson boosted their price objective on shares of Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a research report on Friday. JMP Securities reaffirmed a "market outperform" rating and issued a $285.00 price target on shares of Amazon.com in a research report on Friday. The Goldman Sachs Group lowered their price target on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, BMO Capital Markets upped their price target on shares of Amazon.com from $233.00 to $270.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Three analysts have rated the stock with a hold rating, forty-six have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus target price of $260.65.
Read Our Latest Stock Report on AMZN
Insider Activity at Amazon.com
In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last 90 days, insiders have sold 25,099,537 shares of company stock valued at $5,674,394,548. Insiders own 9.70% of the company's stock.
About Amazon.com
(
Free Report)
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.
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