Clio Asset Management LLC Buys New Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Clio Asset Management LLC purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,000 shares of the e-commerce giant’s stock, valued at approximately $1,316,000. Amazon.com comprises about 1.0% of Clio Asset Management LLC’s portfolio, making the stock its 13th biggest position.

Other large investors also recently modified their holdings of the company. Icon Wealth Advisors LLC raised its holdings in Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after buying an additional 25,581 shares during the period. Hoese & Co LLP acquired a new position in shares of Amazon.com during the 3rd quarter valued at $37,000. Bull Oak Capital LLC acquired a new stake in Amazon.com in the 3rd quarter valued at $45,000. Values First Advisors Inc. purchased a new position in Amazon.com in the third quarter valued at about $56,000. Finally, Harbor Investment Advisory LLC lifted its stake in shares of Amazon.com by 1.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 301,946 shares of the e-commerce giant’s stock worth $66,000 after purchasing an additional 3,055 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Down 0.7 %

NASDAQ:AMZN opened at $228.68 on Friday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The business has a fifty day moving average of $228.21 and a 200-day moving average of $202.30. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a market cap of $2.40 trillion, a price-to-earnings ratio of 41.35, a PEG ratio of 1.36 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. Equities analysts predict that Amazon.com, Inc. will post 6.24 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. This trade represents a 4.73 % 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, CEO Matthew S. Garman sold 15,260 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the sale, the chief executive officer now owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 51,848 shares of company stock valued at $11,368,639 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Wedbush reiterated an “outperform” rating and issued a $280.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Loop Capital boosted their target price on shares of Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and set a $250.00 price target on shares of Amazon.com in a report on Friday, February 7th. Citigroup cut their price objective on shares of Amazon.com from $275.00 to $273.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Finally, Roth Mkm raised their target price on Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $260.74.

Amazon.com 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.