Claro Advisors LLC Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Claro Advisors LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 11.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 75,766 shares of the e-commerce giant’s stock after acquiring an additional 7,794 shares during the period. Amazon.com makes up 1.8% of Claro Advisors LLC’s portfolio, making the stock its 9th biggest position. Claro Advisors LLC’s holdings in Amazon.com were worth $14,118,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Cardano Risk Management B.V. raised its holdings in shares of Amazon.com by 4.1% during the third quarter. Cardano Risk Management B.V. now owns 2,439,398 shares of the e-commerce giant’s stock valued at $454,533,000 after purchasing an additional 96,176 shares during the last quarter. RiverPark Advisors LLC grew its stake in shares of Amazon.com by 2.2% during the 3rd quarter. RiverPark Advisors LLC now owns 22,453 shares of the e-commerce giant’s stock valued at $4,184,000 after acquiring an additional 486 shares during the period. Ceera Investments LLC increased its stake in shares of Amazon.com by 2.0% in the third quarter. Ceera Investments LLC now owns 7,180 shares of the e-commerce giant’s stock worth $1,338,000 after purchasing an additional 140 shares in the last quarter. Obsidian Personal Planning Solutions LLC raised its holdings in Amazon.com by 2.0% during the third quarter. Obsidian Personal Planning Solutions LLC now owns 4,861 shares of the e-commerce giant’s stock valued at $906,000 after acquiring an additional 97 shares during the period. Finally, Concord Asset Management LLC VA lifted its position in shares of Amazon.com by 11.9% in the third quarter. Concord Asset Management LLC VA now owns 37,170 shares of the e-commerce giant’s stock valued at $6,926,000 after acquiring an additional 3,954 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMZN. Truist Financial boosted their price target on Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Jefferies Financial Group upped their price objective on Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Redburn Atlantic lifted their price target on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Stifel Nicolaus increased their target price on Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada boosted their price target on Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $243.00.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the sale, the chief executive officer now directly owns 524,567 shares in the company, valued at approximately $110,159,070. This trade represents a 0.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock worth $1,253,456,822 in the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

Shares of AMZN opened at $223.75 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 12 month low of $144.05 and a 12 month high of $233.00. The stock has a fifty day moving average price of $209.73 and a 200 day moving average price of $192.85. The company has a market cap of $2.35 trillion, a P/E ratio of 47.91, a PEG ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the previous year, the business earned $0.85 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. On average, research analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

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.