Clear Creek Financial Management LLC Increases Stock Position in Amazon.com, Inc. $AMZN

Clear Creek Financial Management LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,026 shares of the e-commerce giant’s stock after purchasing an additional 4,860 shares during the quarter. Amazon.com accounts for about 1.1% of Clear Creek Financial Management LLC’s holdings, making the stock its 15th biggest holding. Clear Creek Financial Management LLC’s holdings in Amazon.com were worth $12,960,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of AMZN. Value Star Asset Management Hong Kong Ltd increased its holdings in shares of Amazon.com by 40.0% in the 3rd quarter. Value Star Asset Management Hong Kong Ltd now owns 35,000 shares of the e-commerce giant’s stock worth $7,685,000 after buying an additional 10,000 shares during the last quarter. Alpha Financial Partners LLC raised its position in shares of Amazon.com by 3.7% during the 3rd quarter. Alpha Financial Partners LLC now owns 3,862 shares of the e-commerce giant’s stock valued at $848,000 after buying an additional 139 shares in the last quarter. Cumberland Partners Ltd lifted its holdings in shares of Amazon.com by 16.8% during the 3rd quarter. Cumberland Partners Ltd now owns 263,505 shares of the e-commerce giant’s stock worth $57,858,000 after acquiring an additional 37,805 shares during the last quarter. Burling Wealth Partners LLC grew its position in Amazon.com by 2.2% in the third quarter. Burling Wealth Partners LLC now owns 116,792 shares of the e-commerce giant’s stock worth $25,644,000 after acquiring an additional 2,474 shares in the last quarter. Finally, CFO4Life Group LLC grew its position in Amazon.com by 1.6% in the third quarter. CFO4Life Group LLC now owns 60,682 shares of the e-commerce giant’s stock worth $13,324,000 after acquiring an additional 934 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com News Summary

Here are the key news stories impacting Amazon.com this week:

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 10,649 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $205.43, for a total transaction of $2,187,624.07. Following the completion of the sale, the senior vice president owned 41,190 shares of the company’s stock, valued at approximately $8,461,661.70. This represents a 20.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $205.90, for a total transaction of $554,900.50. Following the completion of the transaction, the vice president owned 119,780 shares in the company, valued at $24,662,702. This represents a 2.20% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 71,686 shares of company stock valued at $14,688,739. Insiders own 9.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMZN. Bank of America lowered their price target on Amazon.com from $303.00 to $286.00 and set a “buy” rating on the stock in a research report on Tuesday, January 27th. President Capital cut their price objective on Amazon.com from $320.00 to $296.00 and set a “buy” rating for the company in a report on Tuesday, February 10th. Stifel Nicolaus set a $300.00 price objective on Amazon.com and gave the company a “buy” rating in a research report on Tuesday, January 27th. Desjardins raised their price objective on Amazon.com to $218.00 in a report on Monday, December 8th. Finally, Evercore dropped their target price on Amazon.com from $335.00 to $285.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, fifty-three have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $287.29.

Get Our Latest Analysis on AMZN

Amazon.com Stock Down 2.6%

AMZN opened at $213.31 on Friday. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $258.60. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16. The business’s 50-day moving average price is $224.83 and its 200-day moving average price is $227.20. The company has a market cap of $2.29 trillion, a P/E ratio of 29.75, a P/E/G ratio of 1.60 and a beta of 1.40.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share for the quarter, missing the consensus estimate of $1.97 by ($0.02). Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The company had revenue of $213.39 billion for the quarter, compared to analysts’ expectations of $211.02 billion. During the same quarter in the prior year, the company earned $1.86 earnings per share. The company’s revenue was up 13.6% compared to the same quarter last year. On average, equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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