Vista Investment Partners LLC Cuts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Vista Investment Partners LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 5,443 shares of the e-commerce giant’s stock after selling 379 shares during the quarter. Vista Investment Partners LLC’s holdings in Amazon.com were worth $1,014,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. boosted its position in Amazon.com by 31.6% during the first quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock valued at $32,894,000 after buying an additional 43,759 shares during the period. Crown Wealth Group LLC boosted its holdings in Amazon.com by 18.5% during the 1st quarter. Crown Wealth Group LLC now owns 20,478 shares of the e-commerce giant’s stock valued at $3,694,000 after acquiring an additional 3,193 shares during the period. Better Money Decisions LLC grew its position in Amazon.com by 3.3% during the 1st quarter. Better Money Decisions LLC now owns 8,449 shares of the e-commerce giant’s stock worth $1,524,000 after acquiring an additional 266 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its stake in Amazon.com by 1.7% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 438,822 shares of the e-commerce giant’s stock worth $79,155,000 after purchasing an additional 7,466 shares during the period. Finally, CNB Bank increased its stake in Amazon.com by 3.7% in the 1st quarter. CNB Bank now owns 36,264 shares of the e-commerce giant’s stock worth $6,541,000 after purchasing an additional 1,280 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Insider Transactions at Amazon.com

In related news, Director Jonathan Rubinstein sold 4,766 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $209.85, for a total value of $1,000,145.10. Following the sale, the director now directly owns 94,630 shares in the company, valued at approximately $19,858,105.50. The trade was a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This represents a 1.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,053,349 shares of company stock valued at $1,256,503,289. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $202.61 on Monday. The company has a market capitalization of $2.13 trillion, a price-to-earnings ratio of 43.39, a PEG ratio of 1.36 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The stock’s 50-day simple moving average is $191.16 and its 200-day simple moving average is $185.81. Amazon.com, Inc. has a 52 week low of $139.52 and a 52 week high of $215.90.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the previous year, the firm earned $0.85 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. As a group, analysts expect that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on AMZN. Maxim Group increased their price target on shares of Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, November 1st. TD Cowen increased their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus boosted their price target on Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Robert W. Baird increased their price target on shares of Amazon.com from $213.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, UBS Group raised their price objective on Amazon.com from $220.00 to $223.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Two analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $235.45.

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.