Clarius Group LLC Sells 748 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Clarius Group LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 311,708 shares of the e-commerce giant’s stock after selling 748 shares during the period. Amazon.com accounts for 3.7% of Clarius Group LLC’s portfolio, making the stock its 6th largest holding. Clarius Group LLC’s holdings in Amazon.com were worth $59,306,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC acquired a new position in Amazon.com during the fourth quarter valued at approximately $25,000. Prudent Man Investment Management Inc. acquired a new position in Amazon.com during the fourth quarter valued at approximately $27,000. LSV Asset Management acquired a new position in Amazon.com during the fourth quarter valued at approximately $35,000. Perritt Capital Management Inc grew its holdings in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 80 shares during the last quarter. Finally, Compass Planning Associates Inc acquired a new position in Amazon.com during the fourth quarter valued at approximately $51,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AMZN shares. Evercore ISI lowered their price objective on shares of Amazon.com from $270.00 to $260.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Piper Sandler reiterated an “overweight” rating and set a $212.00 target price (down from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Morgan Stanley cut their target price on shares of Amazon.com from $280.00 to $245.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Moffett Nathanson upped their target price on shares of Amazon.com from $250.00 to $253.00 and gave the company a “buy” rating in a research note on Tuesday, June 24th. Finally, Wedbush reiterated an “outperform” rating and set a $235.00 target price (up from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $245.60.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 3,100,000 shares of the stock in a transaction on Friday, June 27th. The shares were sold at an average price of $221.42, for a total transaction of $686,402,000.00. Following the completion of the transaction, the insider owned 905,679,901 shares in the company, valued at approximately $200,535,643,679.42. This represents a 0.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the company’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the sale, the chief financial officer directly owned 49,000 shares in the company, valued at $9,876,930. This trade represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,426,963 shares of company stock valued at $757,297,707 in the last three months. 9.70% of the stock is currently owned by insiders.

Amazon.com Stock Performance

Shares of AMZN opened at $223.13 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The firm’s 50 day moving average price is $206.44 and its two-hundred day moving average price is $208.62. The firm has a market cap of $2.37 trillion, a P/E ratio of 36.34, a PEG ratio of 1.68 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the previous year, the firm posted $0.98 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis. On average, analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.