Clare Market Investments LLC Has $45.61 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Clare Market Investments LLC reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 239,726 shares of the e-commerce giant’s stock after selling 6,522 shares during the period. Amazon.com accounts for approximately 12.0% of Clare Market Investments LLC’s investment portfolio, making the stock its 2nd biggest position. Clare Market Investments LLC’s holdings in Amazon.com were worth $45,610,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in AMZN. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com in the 4th quarter worth approximately $27,000. Accordant Advisory Group Inc raised its holdings in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after acquiring an additional 100 shares during the period. LSV Asset Management bought a new stake in Amazon.com during the 4th quarter valued at $35,000. Perritt Capital Management Inc raised its holdings in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 80 shares during the period. Finally, Compass Planning Associates Inc bought a new position in shares of Amazon.com in the fourth quarter worth $51,000. 72.20% of the stock is owned by institutional investors.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $24,050,626.20. This trade represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,037 shares of company stock worth $20,531,075. 9.70% of the stock is owned by company insiders.

Amazon.com Trading Up 1.9%

Shares of Amazon.com stock opened at $216.10 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm has a fifty day moving average price of $196.38 and a 200 day moving average price of $209.26. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The stock has a market cap of $2.29 trillion, a PE ratio of 39.08, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.98 earnings per share. Equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. JMP Securities restated a “market outperform” rating on shares of Amazon.com in a research report on Tuesday, May 6th. JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research report on Wednesday, June 4th. Benchmark restated a “buy” rating and issued a $260.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Westpark Capital reiterated a “buy” rating and set a $280.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Wells Fargo & Company dropped their price target on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $244.89.

Amazon.com Company Profile

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.