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

Clear Creek Financial Management LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% during the second quarter, HoldingsChannel.com reports. The firm owned 43,015 shares of the e-commerce giant’s stock after selling 1,533 shares during the period. Amazon.com makes up approximately 1.0% of Clear Creek Financial Management LLC’s holdings, making the stock its 17th biggest holding. Clear Creek Financial Management LLC’s holdings in Amazon.com were worth $8,313,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Collective Family Office LLC boosted its holdings in shares of Amazon.com by 9.7% in the 1st quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock valued at $1,674,000 after buying an additional 819 shares during the period. Phillips Wealth Planners LLC lifted its holdings in Amazon.com by 9.2% in the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock worth $487,000 after acquiring an additional 224 shares during the last quarter. Bayesian Capital Management LP acquired a new position in Amazon.com in the fourth quarter valued at approximately $5,926,000. Clearstead Trust LLC boosted its stake in Amazon.com by 25.8% in the fourth quarter. Clearstead Trust LLC now owns 65,539 shares of the e-commerce giant’s stock valued at $9,958,000 after acquiring an additional 13,454 shares during the period. Finally, Summa Corp. bought a new position in shares of Amazon.com during the fourth quarter valued at approximately $1,506,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on AMZN. Robert W. Baird boosted their price objective on Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a research report on Friday, June 21st. Tigress Financial boosted their price target on shares of Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, May 30th. Cantor Fitzgerald began coverage on shares of Amazon.com in a research report on Thursday, September 5th. They issued an “overweight” rating and a $230.00 price objective on the stock. Wolfe Research assumed coverage on shares of Amazon.com in a research note on Tuesday, July 16th. They set an “outperform” rating and a $250.00 target price for the company. Finally, Stifel Nicolaus dropped their price target on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, forty have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $222.49.

Amazon.com Stock Down 0.9 %

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

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

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, insider Jeffrey P. Bezos sold 3,085,116 shares of the stock in a transaction on Friday, July 5th. The shares were sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the transaction, the insider now directly owns 931,925,277 shares of the company’s stock, valued at $186,450,290,169.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,104,317 shares of company stock valued at $1,220,621,322. 10.80% of the stock is owned by insiders.

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.