Clear Creek Financial Management LLC buys 255 shares of Amazon.com, Inc. (NASDAQ:AMZN)


Clear Creek Financial Management LLC increased its position in equity Amazon.com, Inc. (NASDAQ: AMZN) by 8.6% in the 1st quarter, according to its last filing with the Securities & Exchange Commission. The fund held 3,232 shares of the e-commerce giant after buying an additional 255 shares during the period. Amazon.com makes up about 1.7% of Clear Creek Financial Management LLC’s investment portfolio, making the stock its 13th-largest position. Clear Creek Financial Management LLC’s holdings on Amazon.com were worth $10,536,000 at the end of the most recent reporting period.

Several other institutional investors have also recently increased or reduced their stake in AMZN. Stuart Chaussee & Associates Inc. acquired a new stake in Amazon.com in Q4 valued at approximately $27,000. Gibson Wealth Advisors LLC acquired a new stake in Amazon.com in Q4, valued at approximately $33,000. Leverty Financial Group LLC acquired a new stake in Amazon.com in Q4 valued at approximately $36,000. MBM Wealth Consultants LLC increased its position in Amazon.com shares by 57.1% during the 4th quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant worth $37,000 after buying 4 additional shares during the period. Finally, Industrial Alliance Investment Management Inc. acquired a new equity stake in Amazon.com during the 4th quarter worth approximately $39,000. 72.51% of the shares are held by institutional investors.

Changes to analyst ratings

Several equity research analysts have recently commented on the stock. Royal Bank of Canada lowered its price target on Amazon.com shares from $194.00 to $175.00 in a Friday, April 29 research report. Susquehanna lowered its price target on Amazon.com shares from $250.00 to $190.00 in a Friday, April 29 research report. Deutsche Bank Aktiengesellschaft lowered its price target on Amazon.com shares from $174.00 to $155.00 in a Thursday, July 21 research report. Oppenheimer lowered his price target on Amazon.com shares from $175.00 to $160.00 and set an “outperform” rating for the company in a Monday, July 25 research report. Finally, Goldman Sachs Group reworded a “buy” rating and set a price target of $175.00 on Amazon.com stock in a report Thursday. Two equity research analysts gave the stock a sell rating, two gave the company a hold rating and thirty-six gave the company a buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.11.

Amazon.com down 1.2%

Shares of AMZN Stock opened at $140.80 on Friday. The company has a 50-day moving average price of $117.09 and a two-hundred-day moving average price of $134.48. The company has a quick ratio of 0.68, a current ratio of 0.95 and a debt ratio of 0.44. The company has a market capitalization of $1.43 trillion, a PE ratio of 126.22, a growth price-earnings ratio of 6.35 and a beta of 1.33. Amazon.com, Inc. has a 12-month low of $101.26 and a 12-month high of $188.11.

Amazon.com (NASDAQ: AMZNGet a rating) last announced its results on Thursday, July 28. The e-commerce giant reported EPS ($0.20) for the quarter, missing the consensus estimate of $0.15 per ($0.35). Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The company posted revenue of $121.23 billion for the quarter, versus a consensus estimate of $119.16 billion. In the same period a year earlier, the company posted earnings of $0.76 per share. The company’s revenue for the quarter increased by 7.2% compared to the same quarter last year. As a group, analysts predict Amazon.com, Inc. will post 0.97 earnings per share for the current year.

Insider trading on Amazon.com

In other news, CEO David H. Clark sold 2,270 shares of the company in a transaction that took place on Monday, May 23. The shares were sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. As a result of the transaction, the CEO now directly owns 6,695 shares of the company, valued at $14,522,927.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC website. In other news, CEO David H. Clark sold 2,270 shares of the company in a trade that took place on Monday, May 23. The shares were sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. As a result of the transaction, the CEO now directly owns 6,695 shares of the company, valued at $14,522,927.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC website. Also, CEO Andrew R. Jassy sold 1,181 shares of Amazon.com in a trade that took place on Monday, May 16. The shares were sold at an average price of $2,262.00, for a total transaction of $2,671,422.00. Following completion of the transaction, the CEO now directly owns 92,781 shares of the company, valued at $209,870,622. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 4,803 shares of the company valued at $10,528,337. 12.70% of the shares are currently held by insiders of the company.

Amazon.co.uk profile

(Get a rating)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The Company operates through three segments: North America, International and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

See also

Want to see what other hedge funds hold AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for Amazon.com, Inc. (NASDAQ: AMZNGet a rating).

Institutional ownership by quarter for Amazon.com (NASDAQ:AMZN)



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Geraldine L. Melton