Total Clarity Wealth Management Inc. Decreases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Total Clarity Wealth Management Inc. decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,665 shares of the e-commerce giant’s stock after selling 811 shares during the period. Amazon.com accounts for 1.1% of Total Clarity Wealth Management Inc.’s investment portfolio, making the stock its 22nd biggest holding. Total Clarity Wealth Management Inc.’s holdings in Amazon.com were worth $3,027,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Menard Financial Group LLC lifted its stake in Amazon.com by 24.8% in the 2nd quarter. Menard Financial Group LLC now owns 27,857 shares of the e-commerce giant’s stock worth $5,383,000 after purchasing an additional 5,542 shares in the last quarter. American Planning Services Inc. raised its position in shares of Amazon.com by 355.4% during the 2nd quarter. American Planning Services Inc. now owns 17,010 shares of the e-commerce giant’s stock valued at $3,287,000 after buying an additional 13,275 shares in the last quarter. Sierra Summit Advisors LLC raised its position in shares of Amazon.com by 6.1% during the 2nd quarter. Sierra Summit Advisors LLC now owns 71,108 shares of the e-commerce giant’s stock valued at $13,742,000 after buying an additional 4,094 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Amazon.com by 7.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 26,657,730 shares of the e-commerce giant’s stock worth $5,152,538,000 after purchasing an additional 1,738,094 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in Amazon.com by 1.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 31,883,977 shares of the e-commerce giant’s stock worth $6,161,579,000 after purchasing an additional 464,938 shares during the period. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $230.00 target price on shares of Amazon.com in a research report on Monday, October 7th. JMP Securities reiterated a “market outperform” rating and issued a $265.00 target price on shares of Amazon.com in a research report on Tuesday. BMO Capital Markets reissued an “outperform” rating and issued a $230.00 price target on shares of Amazon.com in a report on Thursday, September 19th. Scotiabank initiated coverage on shares of Amazon.com in a report on Friday, October 11th. They issued a “sector outperform” rating and a $245.00 price target on the stock. Finally, Jefferies Financial Group cut their price target on shares of Amazon.com from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $236.78.

Amazon.com Stock Down 0.4 %

AMZN opened at $186.89 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The stock has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 52.35, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The business has a 50-day moving average of $181.11 and a two-hundred day moving average of $183.32. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The business had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. On average, research analysts expect that Amazon.com, Inc. will post 4.85 earnings per share for the current year.

Insider Buying and Selling

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 54,355 shares of company stock valued at $9,877,423. Corporate insiders own 10.80% of the company’s stock.

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.