Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Clarus Group Inc.

Clarus Group Inc. grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 7.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,198 shares of the e-commerce giant’s stock after acquiring an additional 1,684 shares during the quarter. Amazon.com makes up approximately 2.0% of Clarus Group Inc.’s holdings, making the stock its 12th largest position. Clarus Group Inc.’s holdings in Amazon.com were worth $4,695,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. PayPay Securities Corp increased its position in Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after buying an additional 64 shares during the period. Hoese & Co LLP bought a new stake in Amazon.com in the 3rd quarter valued at about $37,000. Christopher J. Hasenberg Inc boosted its stake in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. bought a new position in Amazon.com in the 1st quarter worth approximately $69,000. Finally, Innealta Capital LLC bought a new position in shares of Amazon.com in the second quarter worth $77,000. 72.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. The trade was a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jonathan Rubinstein sold 5,004 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the transaction, the director now owns 99,396 shares of the company’s stock, valued at approximately $19,864,290.60. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,011,423 shares of company stock worth $1,249,093,896 in the last ninety days. Insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

NASDAQ AMZN opened at $198.70 on Friday. The stock has a 50-day simple moving average of $192.79 and a 200 day simple moving average of $186.26. Amazon.com, Inc. has a twelve month low of $142.81 and a twelve month high of $215.90. The stock has a market capitalization of $2.09 trillion, a PE ratio of 42.55, a P/E/G ratio of 1.37 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.85 earnings per share. Research analysts anticipate that Amazon.com, Inc. will post 5.27 EPS for the current year.

Analysts Set New Price Targets

AMZN has been the subject of a number of research analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a research note on Thursday, October 10th. Stifel Nicolaus upped their price target on shares of Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Piper Sandler raised their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Maxim Group increased their target price on shares of Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Loop Capital lifted their price target on shares of Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $235.77.

Amazon.com Company 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.