Clarity Wealth Advisors LLC Sells 89 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Clarity Wealth Advisors LLC reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,732 shares of the e-commerce giant’s stock after selling 89 shares during the period. Clarity Wealth Advisors LLC’s holdings in Amazon.com were worth $3,671,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. AMF Tjanstepension AB increased its position in shares of Amazon.com by 44.3% during the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock worth $492,172,000 after buying an additional 811,425 shares during the period. Marion Wealth Management boosted its position in Amazon.com by 3.5% during the third quarter. Marion Wealth Management now owns 5,085 shares of the e-commerce giant’s stock valued at $947,000 after acquiring an additional 174 shares during the last quarter. Bridge Creek Capital Management LLC grew its holdings in Amazon.com by 0.4% during the 3rd quarter. Bridge Creek Capital Management LLC now owns 35,379 shares of the e-commerce giant’s stock worth $6,592,000 after acquiring an additional 145 shares during the period. Clean Yield Group lifted its stake in shares of Amazon.com by 11.2% in the 3rd quarter. Clean Yield Group now owns 2,173 shares of the e-commerce giant’s stock valued at $405,000 after purchasing an additional 218 shares during the period. Finally, Legacy Private Trust Co. boosted its position in shares of Amazon.com by 3.6% during the 3rd quarter. Legacy Private Trust Co. now owns 105,100 shares of the e-commerce giant’s stock valued at $19,583,000 after purchasing an additional 3,614 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $203.80 on Wednesday. The company’s fifty day moving average is $225.54 and its 200 day moving average is $206.49. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The stock has a market cap of $2.16 trillion, a PE ratio of 36.85, a PEG ratio of 1.50 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction dated 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 directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 5,501 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the sale, the chief executive officer now owns 505,318 shares of the company’s stock, valued at approximately $115,434,843.92. This represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 106,649 shares of company stock worth $23,871,905. 10.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AMZN shares. UBS Group lifted their price objective on shares of Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Robert W. Baird increased their price target on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Piper Sandler restated an “overweight” rating and issued a $265.00 target price (up previously from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Citigroup restated a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. Finally, Redburn Atlantic boosted their target price on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $260.65.

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.