Clare Market Investments LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 239,726 shares of the e-commerce giant's stock after selling 6,522 shares during the period. Amazon.com makes up about 12.0% of Clare Market Investments LLC's investment portfolio, making the stock its 2nd biggest position. Clare Market Investments LLC's holdings in Amazon.com were worth $45,610,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Johnson & White Wealth Management LLC grew its holdings in Amazon.com by 1.0% during the 1st quarter. Johnson & White Wealth Management LLC now owns 8,952 shares of the e-commerce giant's stock valued at $1,703,000 after buying an additional 88 shares during the last quarter. Long Run Wealth Advisors LLC boosted its holdings in Amazon.com by 23.1% in the first quarter. Long Run Wealth Advisors LLC now owns 20,284 shares of the e-commerce giant's stock valued at $3,859,000 after acquiring an additional 3,810 shares during the last quarter. TruWealth Advisors LLC boosted its holdings in Amazon.com by 0.6% in the first quarter. TruWealth Advisors LLC now owns 177,481 shares of the e-commerce giant's stock valued at $33,768,000 after acquiring an additional 1,126 shares during the last quarter. Veracity Capital LLC raised its position in Amazon.com by 0.3% in the first quarter. Veracity Capital LLC now owns 21,493 shares of the e-commerce giant's stock valued at $4,089,000 after purchasing an additional 63 shares during the period. Finally, Sendero Wealth Management LLC raised its position in Amazon.com by 13.7% in the first quarter. Sendero Wealth Management LLC now owns 103,552 shares of the e-commerce giant's stock valued at $19,702,000 after purchasing an additional 12,445 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.
Amazon.com Stock Down 1.1%
Shares of Amazon.com stock traded down $2.30 during trading on Wednesday, reaching $212.52. The stock had a trading volume of 44,246,577 shares, compared to its average volume of 42,160,574. The company has a market capitalization of $2.26 trillion, a price-to-earnings ratio of 35.16, a P/E/G ratio of 1.63 and a beta of 1.33. The stock has a fifty day moving average price of $196.86 and a two-hundred day moving average price of $209.30. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17.
Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period last year, the business posted $0.98 EPS. The business's revenue was up 8.6% compared to the same quarter last year. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms have commented on AMZN. Jefferies Financial Group cut their price objective on Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. JMP Securities restated a "market outperform" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Morgan Stanley dropped their target price on Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Citizens Jmp lowered their price target on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Finally, Evercore ISI cut their target price on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. Based on data from MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and an average target price of $244.89.
Read Our Latest Stock Report on AMZN
Insider Buying and Selling at Amazon.com
In other news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. This represents a 0.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shelley Reynolds sold 2,695 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at $24,050,626.20. The trade was a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock worth $20,531,075 over the last three months. Company insiders own 9.70% of the company's stock.
Amazon.com Profile
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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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