Total Clarity Wealth Management Inc. Has $2.39 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Total Clarity Wealth Management Inc. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,725 shares of the e-commerce giant’s stock after acquiring an additional 1,102 shares during the period. Amazon.com accounts for 1.0% of Total Clarity Wealth Management Inc.’s investment portfolio, making the stock its 21st biggest holding. Total Clarity Wealth Management Inc.’s holdings in Amazon.com were worth $2,389,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bridgefront Capital LLC acquired a new position in Amazon.com during the 1st quarter worth $228,000. Krane Funds Advisors LLC increased its stake in Amazon.com by 239.1% in the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after acquiring an additional 55 shares during the period. Range Financial Group LLC bought a new stake in Amazon.com in the first quarter valued at about $258,000. My Personal CFO LLC bought a new stake in Amazon.com in the first quarter valued at about $261,000. Finally, Worth Asset Management LLC bought a new stake in Amazon.com in the first quarter valued at about $191,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

AMZN has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of Amazon.com from $211.00 to $217.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Telsey Advisory Group reiterated an “outperform” rating and set a $200.00 target price on shares of Amazon.com in a research report on Wednesday, March 27th. Needham & Company LLC reiterated a “buy” rating and set a $205.00 target price on shares of Amazon.com in a research report on Thursday. Stifel Nicolaus upped their target price on shares of Amazon.com from $200.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Monness Crespi & Hardt increased their price objective on shares of Amazon.com from $170.00 to $215.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $202.80.

Amazon.com Price Performance

AMZN stock opened at $174.63 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 12 month low of $101.15 and a 12 month high of $189.77. The firm has a market cap of $1.82 trillion, a P/E ratio of 60.22, a P/E/G ratio of 1.57 and a beta of 1.16. The company’s 50-day moving average price is $177.28 and its two-hundred day moving average price is $156.83.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same period last year, the firm earned $0.21 EPS. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. On average, analysts anticipate that Amazon.com, Inc. will post 4.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the transaction, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Jeffrey P. Bezos sold 2,009,208 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the sale, the insider now directly owns 938,251,817 shares of the company’s stock, valued at approximately $156,491,020,557.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the sale, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The disclosure for this sale can be found here. Insiders have sold a total of 32,213,510 shares of company stock valued at $5,505,798,456 in the last ninety days. 12.30% of the stock is currently owned by company insiders.

Amazon.com 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.