Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Increased by Arista Wealth Management LLC

Arista Wealth Management LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,143 shares of the e-commerce giant’s stock after purchasing an additional 725 shares during the quarter. Amazon.com accounts for 0.8% of Arista Wealth Management LLC’s holdings, making the stock its 16th biggest position. Arista Wealth Management LLC’s holdings in Amazon.com were worth $3,194,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PayPay Securities Corp raised its holdings in shares of Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares in the last quarter. Hoese & Co LLP purchased a new position in shares of Amazon.com in the third quarter worth approximately $37,000. Bull Oak Capital LLC purchased a new position in shares of Amazon.com in the third quarter worth approximately $45,000. Values First Advisors Inc. purchased a new position in shares of Amazon.com in the third quarter worth approximately $56,000. Finally, Christopher J. Hasenberg Inc increased its position in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after acquiring an additional 260 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 3.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew S. Garman sold 15,260 shares of Amazon.com stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the transaction, the chief executive officer now directly owns 349,261 shares in the company, valued at $69,918,559.59. The trade was a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,034,534 shares of company stock valued at $1,253,883,872 over the last three months. 10.80% of the stock is owned by insiders.

Analyst Ratings Changes

AMZN has been the topic of several analyst reports. Evercore ISI lifted their target price on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Needham & Company LLC reissued a “buy” rating and issued a $250.00 price target on shares of Amazon.com in a research report on Tuesday. Royal Bank of Canada increased their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Redburn Atlantic increased their price target on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Telsey Advisory Group increased their price target on shares of Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $238.87.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $227.46 on Friday. Amazon.com, Inc. has a 1 year low of $144.05 and a 1 year high of $231.20. The firm has a 50 day moving average of $201.65 and a 200-day moving average of $189.67. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $2.39 trillion, a P/E ratio of 48.71, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the prior year, the firm earned $0.85 earnings per share. Amazon.com’s revenue was up 11.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

About Amazon.com

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.