Vista Cima Wealth Management LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 12.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,017 shares of the e-commerce giant’s stock after acquiring an additional 1,107 shares during the quarter. Amazon.com comprises approximately 1.4% of Vista Cima Wealth Management LLC’s portfolio, making the stock its 20th biggest position. Vista Cima Wealth Management LLC’s holdings in Amazon.com were worth $1,906,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Castlekeep Investment Advisors LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth $25,000. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com during the first quarter worth $36,000. Inlight Wealth Management LLC acquired a new stake in shares of Amazon.com during the first quarter worth $40,000. Capitol Family Office Inc. acquired a new stake in shares of Amazon.com during the first quarter worth $42,000. Finally, Harbor Investment Advisory LLC lifted its holdings in shares of Amazon.com by 0.7% during the first quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 2,145 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.
Amazon.com Trading Down 0.8%
Amazon.com stock opened at $228.15 on Monday. The stock has a market cap of $2.43 trillion, a PE ratio of 34.78, a P/E/G ratio of 1.53 and a beta of 1.31. The stock has a 50-day moving average price of $226.87 and a 200 day moving average price of $208.58. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.
Analyst Ratings Changes
Several brokerages have commented on AMZN. Westpark Capital restated a “buy” rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Scotiabank increased their price target on shares of Amazon.com from $250.00 to $275.00 and gave the company a “sector outperform” rating in a report on Tuesday, July 22nd. Oppenheimer cut their price target on shares of Amazon.com from $250.00 to $245.00 and set an “outperform” rating for the company in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Finally, Citigroup reiterated an “overweight” rating on shares of Amazon.com in a report on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and an average price target of $262.87.
Read Our Latest Research Report on Amazon.com
Insider Buying and Selling at Amazon.com
In other news, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the completion of the sale, the chief executive officer owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. The trade was a 0.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Zapolsky sold 13,570 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the sale, the senior vice president owned 44,110 shares of the company’s stock, valued at $9,825,943.60. The trade was a 23.53% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,097,911 shares of company stock worth $5,676,032,574. Company insiders own 10.80% of the company’s stock.
Amazon.com Company 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.
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