Clear Harbor Asset Management LLC Buys 6,781 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Clear Harbor Asset Management LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 94,492 shares of the e-commerce giant’s stock after buying an additional 6,781 shares during the quarter. Amazon.com makes up 1.7% of Clear Harbor Asset Management LLC’s holdings, making the stock its 12th biggest holding. Clear Harbor Asset Management LLC’s holdings in Amazon.com were worth $20,731,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Fiera Capital Corp grew its holdings in Amazon.com by 12.5% during the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after acquiring an additional 44,615 shares during the last quarter. Prudential PLC lifted its holdings in shares of Amazon.com by 9.5% during the second quarter. Prudential PLC now owns 781,596 shares of the e-commerce giant’s stock worth $151,043,000 after purchasing an additional 67,971 shares during the period. Clifford Swan Investment Counsel LLC grew its stake in shares of Amazon.com by 0.6% in the second quarter. Clifford Swan Investment Counsel LLC now owns 177,643 shares of the e-commerce giant’s stock worth $34,330,000 after purchasing an additional 1,083 shares during the last quarter. Roof Eidam Maycock Peralta LLC increased its holdings in Amazon.com by 30.8% in the second quarter. Roof Eidam Maycock Peralta LLC now owns 6,882 shares of the e-commerce giant’s stock valued at $1,330,000 after purchasing an additional 1,622 shares during the period. Finally, Wedbush Securities Inc. raised its position in Amazon.com by 2.7% during the 2nd quarter. Wedbush Securities Inc. now owns 468,400 shares of the e-commerce giant’s stock worth $90,518,000 after purchasing an additional 12,272 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $238.83 on Friday. The company has a market capitalization of $2.51 trillion, a PE ratio of 51.14, a PEG ratio of 1.35 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The stock’s 50 day moving average price is $225.85 and its 200-day moving average price is $200.03. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. On average, equities analysts anticipate that Amazon.com, Inc. will post 5.3 EPS for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of analyst reports. Jefferies Financial Group upped their price target on Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Scotiabank upped their target price on Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a report on Friday, January 24th. Bank of America raised their price target on shares of Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Raymond James upped their price objective on shares of Amazon.com from $230.00 to $260.00 and gave the company a “strong-buy” rating in a research note on Tuesday, January 21st. Finally, TD Cowen lifted their target price on shares of Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $252.56.

Insider Activity at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares in the company, valued at $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 5,502 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the sale, the chief executive officer now owns 518,911 shares of the company’s stock, valued at approximately $106,797,072.91. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,026,212 shares of company stock worth $625,666,424. 10.80% of the stock is owned by company insiders.

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.