Vista Wealth Management Group LLC Lowers Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Vista Wealth Management Group LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 1.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,233 shares of the e-commerce giant’s stock after selling 266 shares during the period. Vista Wealth Management Group LLC’s holdings in Amazon.com were worth $2,544,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Fiduciary Planning LLC increased its holdings in shares of Amazon.com by 1.5% during the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after acquiring an additional 5 shares during the last quarter. HBC Financial Services PLLC increased its holdings in shares of Amazon.com by 0.8% during the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after acquiring an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. increased its holdings in shares of Amazon.com by 3.4% during the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after acquiring an additional 5 shares during the last quarter. Alterna Wealth Management Inc. increased its holdings in shares of Amazon.com by 1.8% during the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after acquiring an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners boosted its stake in Amazon.com by 3.7% during the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after purchasing an additional 6 shares during the period. 57.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AMZN shares. Telsey Advisory Group decreased their target price on Amazon.com from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. JPMorgan Chase & Co. decreased their target price on Amazon.com from $145.00 to $130.00 and set an “overweight” rating for the company in a research note on Friday, December 16th. StockNews.com started coverage on Amazon.com in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Atlantic Securities decreased their target price on Amazon.com from $160.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, October 28th. Finally, Credit Suisse Group reduced their price objective on Amazon.com from $159.00 to $142.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $145.87.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 7,456 shares of the firm’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $94.00, for a total value of $700,864.00. Following the transaction, the chief executive officer now directly owns 533,435 shares in the company, valued at approximately $50,142,890. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 7,456 shares of Amazon.com stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $700,864.00. Following the transaction, the chief executive officer now directly owns 533,435 shares in the company, valued at $50,142,890. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 345 shares of Amazon.com stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total value of $35,190.00. Following the transaction, the chief executive officer now owns 112,795 shares in the company, valued at $11,505,090. The disclosure for this sale can be found here. Insiders have sold 52,428 shares of company stock worth $5,077,578 in the last three months. Insiders own 12.70% of the company’s stock.

Amazon.com Stock Down 1.9 %

NASDAQ:AMZN opened at $93.68 on Friday. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $170.83. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $955.69 billion, a P/E ratio of 85.98, a P/E/G ratio of 3.09 and a beta of 1.22. The stock’s fifty day simple moving average is $90.79 and its 200-day simple moving average is $110.37.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The company had revenue of $127.10 billion during the quarter, compared to the consensus estimate of $127.47 billion. During the same quarter in the prior year, the business earned $0.31 earnings per share. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. Equities research analysts expect that Amazon.com, Inc. will post 0.68 earnings per share for the current year.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as www.amazon.com and www.amazon.ca.