Clarus Wealth Advisors Reduces Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Clarus Wealth Advisors decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,637 shares of the e-commerce giant’s stock after selling 168 shares during the period. Clarus Wealth Advisors’ holdings in Amazon.com were worth $862,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Sebold Capital Management Inc. lifted its position in shares of Amazon.com by 12.0% during the first quarter. Sebold Capital Management Inc. now owns 4,532 shares of the e-commerce giant’s stock worth $817,000 after acquiring an additional 487 shares in the last quarter. 17 Capital Partners LLC increased its stake in Amazon.com by 25.2% in the first quarter. 17 Capital Partners LLC now owns 9,656 shares of the e-commerce giant’s stock valued at $1,742,000 after acquiring an additional 1,941 shares during the last quarter. Gulf International Bank UK Ltd increased its stake in Amazon.com by 2.0% in the first quarter. Gulf International Bank UK Ltd now owns 788,758 shares of the e-commerce giant’s stock valued at $142,276,000 after acquiring an additional 15,136 shares during the last quarter. Optimum Investment Advisors increased its stake in Amazon.com by 4.7% in the first quarter. Optimum Investment Advisors now owns 16,840 shares of the e-commerce giant’s stock valued at $3,038,000 after acquiring an additional 750 shares during the last quarter. Finally, Guinness Asset Management LTD increased its stake in Amazon.com by 9.2% in the first quarter. Guinness Asset Management LTD now owns 171,292 shares of the e-commerce giant’s stock valued at $30,897,000 after acquiring an additional 14,471 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the transaction, the chief executive officer now owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the transaction, the chief executive officer now owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the transaction, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,338 shares of company stock valued at $11,894,344. Company insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AMZN. Loop Capital increased their target price on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Monness Crespi & Hardt raised their price objective on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Argus increased their target price on shares of Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Piper Sandler raised their price objective on shares of Amazon.com from $205.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Finally, Stifel Nicolaus raised their price objective on shares of Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $215.37.

Amazon.com Trading Down 1.9 %

NASDAQ:AMZN opened at $185.57 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The firm has a market capitalization of $1.93 trillion, a price-to-earnings ratio of 51.98, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $191.70. The business has a fifty day moving average price of $182.82 and a 200-day moving average price of $172.00.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. The firm had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. Amazon.com’s revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 4.72 EPS for the current year.

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.