Clarus Group Inc. Sells 248 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Clarus Group Inc. lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,234 shares of the e-commerce giant’s stock after selling 248 shares during the quarter. Amazon.com accounts for about 1.7% of Clarus Group Inc.’s portfolio, making the stock its 15th largest holding. Clarus Group Inc.’s holdings in Amazon.com were worth $4,421,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC purchased a new stake in shares of Amazon.com during the 4th quarter valued at $25,000. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com during the 4th quarter valued at about $27,000. LSV Asset Management bought a new position in shares of Amazon.com in the fourth quarter worth about $35,000. Inlight Wealth Management LLC bought a new stake in Amazon.com in the first quarter valued at approximately $40,000. Finally, Perritt Capital Management Inc boosted its position 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 worth $42,000 after buying an additional 80 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Price Performance

Shares of AMZN opened at $229.19 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The firm has a market cap of $2.43 trillion, a PE ratio of 37.33, a P/E/G ratio of 1.69 and a beta of 1.33. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The firm has a fifty day simple moving average of $213.50 and a two-hundred day simple moving average of $208.51.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data 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. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the business earned $0.98 EPS. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analysts Set New Price Targets

AMZN has been the topic of several recent analyst reports. Roth Capital set a $250.00 target price on Amazon.com and gave the company a “buy” rating in a research report on Tuesday, July 8th. Oppenheimer increased their price target on Amazon.com from $215.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, June 20th. BNP Paribas raised shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 27th. JMP Securities raised their price objective on shares of Amazon.com from $250.00 to $285.00 and gave the company a “market outperform” rating in a research note on Thursday, July 10th. Finally, Wells Fargo & Company upped their price objective on shares of Amazon.com from $201.00 to $238.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. Three research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $250.02.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total value of $550,150.00. Following the completion of the sale, the chief executive officer owned 514,550 shares of the company’s stock, valued at approximately $113,231,873. This represents a 0.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 733,195 shares of Amazon.com stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $227.02, for a total value of $166,449,928.90. Following the completion of the transaction, the insider owned 894,546,706 shares in the company, valued at approximately $203,079,993,196.12. This represents a 0.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,335,232 shares of company stock worth $3,210,622,570 in the last three months. Insiders own 10.80% 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.