Total Clarity Wealth Management Inc. Increases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Total Clarity Wealth Management Inc. lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 7.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,725 shares of the e-commerce giant’s stock after buying an additional 1,102 shares during the period. Amazon.com makes up approximately 1.0% of Total Clarity Wealth Management Inc.’s holdings, making the stock its 21st largest holding. Total Clarity Wealth Management Inc.’s holdings in Amazon.com were worth $2,389,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Fiduciary Planning LLC lifted its holdings in Amazon.com by 1.5% in the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after acquiring an additional 5 shares during the period. HBC Financial Services PLLC lifted its holdings in Amazon.com by 0.8% in the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after acquiring an additional 5 shares during the period. Meridian Investment Counsel Inc. lifted its holdings in Amazon.com by 3.4% in the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after acquiring an additional 5 shares during the period. Alterna Wealth Management Inc. lifted its holdings in Amazon.com by 1.8% in the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after acquiring an additional 5 shares during the period. Finally, Archetype Wealth Partners lifted its holdings in Amazon.com by 3.7% in the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after acquiring an additional 6 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent research reports. Stifel Nicolaus raised their price objective on Amazon.com from $200.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday. Moffett Nathanson reaffirmed a “buy” rating and issued a $228.00 price objective on shares of Amazon.com in a research note on Thursday, April 11th. Deutsche Bank Aktiengesellschaft raised their price objective on Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Bank of America increased their target price on Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, Wolfe Research increased their target price on Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $202.80.

Amazon.com Stock Down 2.6 %

Amazon.com stock opened at $174.63 on Friday. Amazon.com, Inc. has a fifty-two week low of $101.15 and a fifty-two week high of $189.77. The business’s 50-day simple moving average is $177.28 and its two-hundred day simple moving average is $156.83. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The company has a market cap of $1.82 trillion, a PE ratio of 60.22, a PEG ratio of 1.57 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. During the same period in the previous year, the business earned $0.21 EPS. Amazon.com’s quarterly revenue was up 13.9% on a year-over-year basis. Equities analysts anticipate that Amazon.com, Inc. will post 4.1 EPS for the current year.

Insider Activity

In other news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at $20,239,226.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $20,239,226.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 12,133 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $171.00, for a total value of $2,074,743.00. Following the transaction, the director now owns 115,220 shares in the company, valued at $19,702,620. The disclosure for this sale can be found here. Insiders sold 32,213,510 shares of company stock worth $5,505,798,456 over the last ninety days. Corporate insiders own 12.30% of the company’s stock.

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.