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

Clear Creek Financial Management LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,015 shares of the e-commerce giant’s stock after selling 1,533 shares during the quarter. Amazon.com comprises approximately 1.0% of Clear Creek Financial Management LLC’s portfolio, making the stock its 17th biggest position. Clear Creek Financial Management LLC’s holdings in Amazon.com were worth $8,313,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AMZN. Norges Bank purchased a new stake in Amazon.com during the 4th quarter valued at approximately $17,700,551,000. Vanguard Group Inc. increased its holdings in shares of Amazon.com by 1.9% in the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after purchasing an additional 14,724,687 shares during the period. Swedbank AB purchased a new stake in shares of Amazon.com during the first quarter worth approximately $2,239,757,000. Capital World Investors lifted its holdings in shares of Amazon.com by 64.6% during the first quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock worth $5,295,899,000 after purchasing an additional 11,524,463 shares during the period. Finally, Capital Research Global Investors grew its position in Amazon.com by 8.5% in the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after buying an additional 6,810,145 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Down 0.9 %

AMZN opened at $184.89 on Tuesday. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The firm has a 50 day moving average price of $179.22 and a 200 day moving average price of $181.74. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The company has a market cap of $1.92 trillion, a PE ratio of 51.79, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.18. The company had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Sell-side analysts expect that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $195.99, for a total value of $685,965.00. Following the completion of the sale, the chief executive officer now owns 519,753 shares in the company, valued at $101,866,390.47. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $195.99, for a total value of $685,965.00. Following the sale, the chief executive officer now directly owns 519,753 shares in the company, valued at $101,866,390.47. The disclosure for this sale can be found here. Insiders have sold a total of 6,104,317 shares of company stock worth $1,220,621,322 over the last quarter. 10.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on AMZN shares. Robert W. Baird upped their price objective on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research report on Friday, June 21st. Sanford C. Bernstein raised their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Jefferies Financial Group lowered their price objective on Amazon.com from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. JPMorgan Chase & Co. cut their target price on Amazon.com from $240.00 to $230.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $215.00 price target on shares of Amazon.com in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $222.49.

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.