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Vista Wealth Management Group LLC Increases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

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Vista Wealth Management Group LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 858 shares of the e-commerce giant’s stock after purchasing an additional 77 shares during the period. Vista Wealth Management Group LLC’s holdings in Amazon.com were worth $2,820,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of AMZN. Sphinx Trading LP bought a new position in Amazon.com in the 3rd quarter valued at $30,000. Lion Street Advisors LLC bought a new position in shares of Amazon.com in the second quarter worth about $52,000. Lountzis Asset Management LLC increased its stake in Amazon.com by 60.0% in the 3rd quarter. Lountzis Asset Management LLC now owns 16 shares of the e-commerce giant’s stock worth $53,000 after buying an additional 6 shares during the period. True Link Financial Advisors LLC bought a new stake in Amazon.com during the 2nd quarter valued at about $72,000. Finally, Laurel Wealth Planning LLC boosted its position in Amazon.com by 57.1% in the 2nd quarter. Laurel Wealth Planning LLC now owns 22 shares of the e-commerce giant’s stock valued at $76,000 after buying an additional 8 shares during the period. Institutional investors own 57.48% of the company’s stock.

Amazon.com stock opened at $3,421.37 on Monday. The stock has a 50-day moving average price of $3,462.76 and a 200 day moving average price of $3,439.81. The company has a market capitalization of $1.74 trillion, a price-to-earnings ratio of 66.93, a price-to-earnings-growth ratio of 3.38 and a beta of 1.12. Amazon.com, Inc. has a 52 week low of $2,881.00 and a 52 week high of $3,773.08. The company has a quick ratio of 0.87, a current ratio of 1.12 and a debt-to-equity ratio of 0.42.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Wednesday, October 27th. The e-commerce giant reported $6.12 EPS for the quarter, missing the consensus estimate of $9.10 by ($2.98). The business had revenue of $110.81 billion for the quarter, compared to analyst estimates of $111.66 billion. Amazon.com had a net margin of 5.73% and a return on equity of 24.31%. The business’s revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $12.37 earnings per share. Research analysts anticipate that Amazon.com, Inc. will post 40.79 EPS for the current fiscal year.

In other Amazon.com news, CEO Adam Selipsky sold 34 shares of the company’s stock in a transaction dated Monday, December 20th. The shares were sold at an average price of $3,337.00, for a total value of $113,458.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 50,034 shares of the stock in a transaction dated Tuesday, November 2nd. The stock was sold at an average price of $3,319.45, for a total transaction of $166,085,361.30. The disclosure for this sale can be found here. Insiders sold 86,280 shares of company stock valued at $292,711,089 over the last three months. 14.00% of the stock is currently owned by corporate insiders.

Several analysts have recently weighed in on AMZN shares. BMO Capital Markets reaffirmed a “buy” rating and set a $4,100.00 price target on shares of Amazon.com in a research note on Sunday, October 31st. Barclays decreased their target price on Amazon.com from $4,130.00 to $3,800.00 and set an “overweight” rating for the company in a research report on Friday, October 29th. Evercore ISI initiated coverage on Amazon.com in a research report on Tuesday, December 21st. They set an “outperform” rating on the stock. The Goldman Sachs Group decreased their price objective on Amazon.com from $4,250.00 to $4,100.00 and set a “buy” rating for the company in a report on Friday, October 29th. Finally, Mizuho lowered their price objective on shares of Amazon.com from $4,100.00 to $3,950.00 and set a “buy” rating for the company in a research note on Friday, October 29th. One equities research analyst has rated the stock with a hold rating and thirty-nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $4,178.80.

Amazon.com Profile

Amazon.com, Inc 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 America-focused websites such as www.amazon.com and www.amazon.ca.

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