Clarity Wealth Advisors LLC Grows Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Clarity Wealth Advisors LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 18,069 shares of the e-commerce giant's stock after buying an additional 1,337 shares during the period. Clarity Wealth Advisors LLC's holdings in Amazon.com were worth $3,438,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Castlekeep Investment Advisors LLC bought a new position in Amazon.com during the fourth quarter valued at approximately $25,000. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com during the 4th quarter valued at approximately $27,000. LSV Asset Management purchased a new position in shares of Amazon.com in the fourth quarter valued at $35,000. Cooksen Wealth LLC bought a new stake in Amazon.com in the first quarter worth $36,000. Finally, Inlight Wealth Management LLC purchased a new stake in Amazon.com during the first quarter valued at $40,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $217.00, for a total value of $542,500.00. Following the transaction, the chief executive officer directly owned 512,050 shares of the company's stock, valued at approximately $111,114,850. This represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the transaction, the insider owned 883,779,901 shares of the company's stock, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,102,037 shares of company stock worth $5,674,937,048 over the last three months. Corporate insiders own 9.70% of the company's stock.

Amazon.com Stock Down 0.2%

AMZN stock traded down $0.44 on Friday, hitting $222.69. 32,911,537 shares of the company's stock were exchanged, compared to its average volume of 45,060,172. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock has a market cap of $2.37 trillion, a P/E ratio of 33.95, a price-to-earnings-growth ratio of 1.50 and a beta of 1.31. The firm has a 50 day moving average price of $219.27 and a two-hundred day moving average price of $209.03. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.26 earnings per share. As a group, equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

AMZN has been the subject of a number of recent research reports. Morgan Stanley reissued an "overweight" rating on shares of Amazon.com in a research note on Monday, July 28th. Wall Street Zen upgraded Amazon.com from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Cowen reiterated a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Moffett Nathanson raised their target price on shares of Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. Finally, Wells Fargo & Company upped their price target on shares of Amazon.com from $238.00 to $245.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. One equities research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $262.45.

Amazon.com Profile

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.