Clark Asset Management LLC Has $3.82 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Clark Asset Management LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,082 shares of the e-commerce giant’s stock after buying an additional 517 shares during the quarter. Amazon.com makes up 0.6% of Clark Asset Management LLC’s holdings, making the stock its 24th biggest position. Clark Asset Management LLC’s holdings in Amazon.com were worth $3,821,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Northern Capital Management Inc. raised its stake in Amazon.com by 0.6% in the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock valued at $1,613,000 after acquiring an additional 45 shares during the period. Balanced Wealth Group LLC grew its position in shares of Amazon.com by 1.6% in the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant’s stock valued at $705,000 after purchasing an additional 48 shares during the last quarter. ETF Store Inc. grew its position in shares of Amazon.com by 2.1% in the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant’s stock valued at $522,000 after purchasing an additional 48 shares during the last quarter. TD Capital Management LLC grew its position in shares of Amazon.com by 1.6% in the fourth quarter. TD Capital Management LLC now owns 3,058 shares of the e-commerce giant’s stock valued at $671,000 after purchasing an additional 49 shares during the last quarter. Finally, Conservest Capital Advisors Inc. grew its position in shares of Amazon.com by 0.8% in the fourth quarter. Conservest Capital Advisors Inc. now owns 6,651 shares of the e-commerce giant’s stock valued at $1,459,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 25,102,037 shares of company stock worth $5,674,871,223 over the last ninety days. 10.80% of the stock is owned by company insiders.

Analyst Ratings Changes

AMZN has been the topic of several research reports. Robert W. Baird upped their target price on Amazon.com from $220.00 to $244.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. HSBC upped their target price on Amazon.com from $240.00 to $256.00 in a research report on Tuesday, July 22nd. Bank of America upped their target price on Amazon.com from $248.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Westpark Capital reaffirmed a “buy” rating and issued a $280.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Scotiabank boosted their price target on Amazon.com from $250.00 to $275.00 and gave the company a “sector outperform” rating in a research note on Tuesday, July 22nd. Three research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $254.71.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $232.79 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The stock has a market cap of $2.47 trillion, a price-to-earnings ratio of 37.91, a P/E/G ratio of 1.72 and a beta of 1.33. The company’s fifty day moving average is $216.19 and its 200 day moving average is $208.82.

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