Total Clarity Wealth Management Inc. Has $3.66 Million Stock Position in Amazon.com, Inc. $AMZN

Total Clarity Wealth Management Inc. lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,690 shares of the e-commerce giant’s stock after selling 944 shares during the quarter. Amazon.com makes up approximately 1.0% of Total Clarity Wealth Management Inc.’s investment portfolio, making the stock its 25th largest position. Total Clarity Wealth Management Inc.’s holdings in Amazon.com were worth $3,662,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AMZN. Western Wealth Management LLC raised its position in shares of Amazon.com by 0.9% in the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock valued at $26,660,000 after purchasing an additional 1,297 shares during the period. Flaharty Asset Management LLC raised its position in shares of Amazon.com by 87.7% in the first quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock valued at $968,000 after purchasing an additional 2,377 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Amazon.com in the first quarter valued at about $514,000. Border to Coast Pensions Partnership Ltd raised its position in shares of Amazon.com by 6.0% in the second quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock valued at $249,295,000 after purchasing an additional 63,924 shares during the period. Finally, Abel Hall LLC raised its position in shares of Amazon.com by 7.3% in the second quarter. Abel Hall LLC now owns 12,740 shares of the e-commerce giant’s stock valued at $2,795,000 after purchasing an additional 863 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AMZN. Piper Sandler restated a “negative” rating on shares of Amazon.com in a report on Friday. JMP Securities set a $300.00 price objective on Amazon.com in a report on Friday. Deutsche Bank Aktiengesellschaft boosted their price objective on Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Susquehanna set a $300.00 price objective on Amazon.com and gave the stock a “positive” rating in a report on Friday. Finally, BMO Capital Markets restated an “outperform” rating and set a $300.00 price objective on shares of Amazon.com in a report on Friday. Three research analysts have rated the stock with a Strong Buy rating, fifty-one have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Amazon.com presently has an average rating of “Buy” and a consensus target price of $291.94.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 17,785 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.57, for a total value of $3,940,622.45. Following the sale, the chief executive officer owned 3,138 shares of the company’s stock, valued at approximately $695,286.66. This trade represents a 85.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $217.10, for a total value of $542,750.00. Following the completion of the sale, the chief executive officer directly owned 515,507 shares in the company, valued at approximately $111,916,569.70. This represents a 0.48% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 95,411 shares of company stock worth $21,222,702. 9.70% of the stock is owned by insiders.

Amazon.com Price Performance

AMZN stock opened at $254.00 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $258.60. The firm has a market cap of $2.71 trillion, a P/E ratio of 38.72, a P/E/G ratio of 1.52 and a beta of 1.28. The company’s 50-day moving average price is $226.02 and its two-hundred day moving average price is $216.95.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. The firm had revenue of $180.17 billion for the quarter, compared to the consensus estimate of $177.53 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company’s revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 EPS. Amazon.com has set its Q4 2025 guidance at EPS. On average, analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.