Clearview Wealth Advisors LLC Has $552,000 Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Clearview Wealth Advisors LLC reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,961 shares of the e-commerce giant’s stock after selling 80 shares during the quarter. Clearview Wealth Advisors LLC’s holdings in Amazon.com were worth $552,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of AMZN. Roberts Wealth Advisors LLC grew its holdings in Amazon.com by 3.0% during the third quarter. Roberts Wealth Advisors LLC now owns 56,671 shares of the e-commerce giant’s stock worth $10,355,000 after purchasing an additional 1,654 shares during the period. Bill Few Associates Inc. boosted its position in shares of Amazon.com by 4.4% during the 3rd quarter. Bill Few Associates Inc. now owns 8,860 shares of the e-commerce giant’s stock worth $1,651,000 after acquiring an additional 370 shares in the last quarter. Legacy Financial Group LLC lifted its position in shares of Amazon.com by 2.3% during the 3rd quarter. Legacy Financial Group LLC now owns 15,378 shares of the e-commerce giant’s stock worth $2,865,000 after buying an additional 349 shares during the last quarter. Jamison Private Wealth Management Inc. increased its position in Amazon.com by 3.9% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 60,195 shares of the e-commerce giant’s stock worth $11,216,000 after purchasing an additional 2,260 shares in the last quarter. Finally, Opal Wealth Advisors LLC boosted its holdings in shares of Amazon.com by 5.2% during the 3rd quarter. Opal Wealth Advisors LLC now owns 11,297 shares of the e-commerce giant’s stock valued at $2,105,000 after acquiring an additional 561 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $211.48 on Friday. Amazon.com, Inc. has a fifty-two week low of $139.52 and a fifty-two week high of $215.90. The company has a market capitalization of $2.22 trillion, a price-to-earnings ratio of 45.28, a P/E/G ratio of 1.40 and a beta of 1.14. The company has a 50 day simple moving average of $189.87 and a two-hundred day simple moving average of $185.36. 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 posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 earnings per share. Analysts expect that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the transaction, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. This trade represents a 22.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 4,766 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $209.85, for a total value of $1,000,145.10. Following the completion of the sale, the director now owns 94,630 shares of the company’s stock, valued at approximately $19,858,105.50. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,053,349 shares of company stock worth $1,256,503,289. Company insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Monness Crespi & Hardt lifted their price objective on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. DA Davidson restated a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a report on Thursday, October 10th. Jefferies Financial Group boosted their target price on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus upped their price target on shares of Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $235.45.

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.