Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% during the 3rd quarter, Holdings Channel reports. The fund owned 87,711 shares of the e-commerce giant’s stock after acquiring an additional 650 shares during the quarter. Amazon.com makes up 1.3% of Clear Harbor Asset Management LLC’s portfolio, making the stock its 15th biggest holding. Clear Harbor Asset Management LLC’s holdings in Amazon.com were worth $16,343,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. lifted its holdings in shares of Amazon.com by 31.6% during the first quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock worth $32,894,000 after purchasing an additional 43,759 shares during the period. Quent Capital LLC lifted its holdings in shares of Amazon.com by 3.3% during the first quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock worth $6,084,000 after purchasing an additional 1,081 shares during the period. Private Portfolio Partners LLC boosted its position in shares of Amazon.com by 3.2% during the 1st quarter. Private Portfolio Partners LLC now owns 20,148 shares of the e-commerce giant’s stock worth $3,634,000 after purchasing an additional 625 shares in the last quarter. Leo Wealth LLC boosted its position in shares of Amazon.com by 2.3% during the 1st quarter. Leo Wealth LLC now owns 140,525 shares of the e-commerce giant’s stock worth $25,360,000 after purchasing an additional 3,140 shares in the last quarter. Finally, Brighton Jones LLC boosted its position in shares of Amazon.com by 5.3% during the 1st quarter. Brighton Jones LLC now owns 3,973,243 shares of the e-commerce giant’s stock worth $716,694,000 after purchasing an additional 199,555 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 5,502 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 518,911 shares of the company’s stock, valued at $106,797,072.91. This trade represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,026,683 shares of company stock valued at $1,252,148,795 over the last three months. Company insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

AMZN has been the topic of several research analyst reports. Royal Bank of Canada boosted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Truist Financial boosted their target price on shares of Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Needham & Company LLC upped their price objective on shares of Amazon.com from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Oppenheimer upped their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Moffett Nathanson upped their price objective on shares of Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $236.20.

Amazon.com Stock Performance

Shares of AMZN opened at $207.89 on Friday. The business’s fifty day moving average price is $194.78 and its 200 day moving average price is $186.94. Amazon.com, Inc. has a 12-month low of $142.81 and a 12-month high of $215.90. The stock has a market capitalization of $2.19 trillion, a PE ratio of 44.52, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period last year, the business posted $0.85 earnings per share. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current year.

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.