Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Clear Creek Financial Management LLC

Key Points

• Clear Creek Financial Management LLC increased its stake in Amazon.com, acquiring 1,359 shares, bringing its total holdings to 45,610 shares valued at approximately $8.68 million.
• Institutional investors own 72.20% of Amazon's stock, with significant increases in positions by firms like Vanguard Group and FMR LLC during the last quarter.
• Amazon's recent quarterly earnings exceeded analysts' expectations, reporting $1.59 earnings per share and a revenue of $155.67 billion, marking an 8.6% year-over-year increase.

Clear Creek Financial Management LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 45,610 shares of the e-commerce giant's stock after buying an additional 1,359 shares during the period. Amazon.com comprises approximately 0.9% of Clear Creek Financial Management LLC's holdings, making the stock its 20th largest position. Clear Creek Financial Management LLC's holdings in Amazon.com were worth $8,678,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after acquiring an additional 17,635,391 shares during the period. FMR LLC grew its position in shares of Amazon.com by 0.5% during the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock valued at $72,061,766,000 after acquiring an additional 1,725,664 shares during the period. Geode Capital Management LLC grew its position in shares of Amazon.com by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock valued at $44,837,256,000 after acquiring an additional 5,015,380 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Amazon.com by 2.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock valued at $40,107,544,000 after acquiring an additional 4,087,933 shares during the period. Finally, Norges Bank bought a new stake in shares of Amazon.com during the 4th quarter valued at $27,266,582,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AMZN. Roth Capital set a $250.00 price objective on shares of Amazon.com and gave the company a "buy" rating in a research report on Tuesday, July 8th. BNP Paribas Exane raised shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 target price for the company in a report on Friday, June 27th. Wedbush reaffirmed an "outperform" rating and issued a $235.00 target price (up previously from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Evercore ISI dropped their target price on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, Cantor Fitzgerald upped their target price on shares of Amazon.com from $240.00 to $260.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Three equities research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and an average price target of $255.21.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the sale, the insider directly owned 883,779,901 shares in the company, valued at $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 25,102,037 shares of company stock valued at $5,674,871,223 in the last three months. 9.70% of the stock is owned by company insiders.

Amazon.com Trading Down 0.8%

Amazon.com stock traded down $1.89 during midday trading on Tuesday, reaching $230.90. The stock had a trading volume of 8,528,015 shares, compared to its average volume of 43,771,383. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The firm has a market cap of $2.45 trillion, a price-to-earnings ratio of 37.61, a price-to-earnings-growth ratio of 1.72 and a beta of 1.33. The company has a fifty day moving average of $216.19 and a 200 day moving average of $208.82.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 EPS. On average, analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

About Amazon.com

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.