Clear Harbor Asset Management LLC Has $1.41 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Clear Harbor Asset Management LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,455 shares of the e-commerce giant’s stock after purchasing an additional 335 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Amazon.com were worth $1,407,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Savior LLC boosted its stake in Amazon.com by 1,085.0% during the second quarter. Savior LLC now owns 237 shares of the e-commerce giant’s stock worth $25,000 after buying an additional 217 shares in the last quarter. Rocky Mountain Advisers LLC boosted its holdings in Amazon.com by 1,311.8% during the second quarter. Rocky Mountain Advisers LLC now owns 240 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 223 shares in the last quarter. Iron Horse Wealth Management LLC boosted its holdings in Amazon.com by 4,540.0% during the second quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 227 shares in the last quarter. Wells Financial Advisors INC boosted its holdings in Amazon.com by 1,900.0% during the second quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock valued at $30,000 after purchasing an additional 266 shares in the last quarter. Finally, Maryland Capital Advisors Inc. boosted its holdings in Amazon.com by 1,900.0% during the second quarter. Maryland Capital Advisors Inc. now owns 300 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 285 shares in the last quarter. 57.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 15,787 shares of the firm’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total value of $1,627,639.70. Following the completion of the sale, the chief executive officer now directly owns 522,251 shares of the company’s stock, valued at $53,844,078.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Douglas J. Herrington sold 7,456 shares of Amazon.com stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $94.00, for a total value of $700,864.00. Following the completion of the transaction, the chief executive officer now directly owns 533,435 shares in the company, valued at approximately $50,142,890. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 15,787 shares of the stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total value of $1,627,639.70. Following the sale, the chief executive officer now owns 522,251 shares in the company, valued at approximately $53,844,078.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,428 shares of company stock worth $5,077,578. Insiders own 12.70% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $98.12 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $1.00 trillion, a price-to-earnings ratio of 90.06, a PEG ratio of 3.09 and a beta of 1.22. The stock has a 50 day moving average of $90.54 and a 200 day moving average of $110.68. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $170.83.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The company had revenue of $127.10 billion for the quarter, compared to analysts’ expectations of $127.47 billion. During the same quarter last year, the business posted $0.31 EPS. The business’s quarterly revenue was up 14.7% on a year-over-year basis. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 0.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AMZN shares. Telsey Advisory Group reduced their target price on shares of Amazon.com from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Raymond James cut their target price on shares of Amazon.com from $164.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. The Goldman Sachs Group cut their price target on shares of Amazon.com from $165.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday. Royal Bank of Canada dropped their target price on shares of Amazon.com from $175.00 to $135.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Finally, Moffett Nathanson started coverage on shares of Amazon.com in a research report on Tuesday, November 15th. They issued an “outperform” rating and a $118.00 target price for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $146.29.

Amazon.com Company Profile

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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

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