Arista Wealth Management LLC Has $1.62 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Arista Wealth Management LLC cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 38.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 8,952 shares of the e-commerce giant’s stock after selling 5,519 shares during the quarter. Amazon.com makes up about 1.2% of Arista Wealth Management LLC’s portfolio, making the stock its 14th largest holding. Arista Wealth Management LLC’s holdings in Amazon.com were worth $1,615,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of AMZN. Cooksen Wealth LLC bought a new position in Amazon.com during the fourth quarter worth $30,000. PayPay Securities Corp increased its position in Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 86 shares in the last quarter. Strid Group LLC acquired a new position in Amazon.com during the 4th quarter worth approximately $43,000. Finally, Harbor Investment Advisory LLC grew its stake in Amazon.com by 0.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 1,988 shares during the period. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Susquehanna increased their target price on Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, February 2nd. Maxim Group began coverage on shares of Amazon.com in a report on Wednesday, April 17th. They set a “buy” rating and a $218.00 price objective for the company. Benchmark reaffirmed a “buy” rating and issued a $200.00 price target on shares of Amazon.com in a research report on Wednesday, April 24th. Monness Crespi & Hardt lifted their price target on Amazon.com from $170.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Wedbush increased their price objective on Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $205.13.

Insider Buying and Selling

In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the transaction, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the transaction, the insider now owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,214,010 shares of company stock worth $5,505,889,146. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock traded up $1.34 during midday trading on Monday, hitting $180.96. 53,954,343 shares of the company’s stock were exchanged, compared to its average volume of 42,970,363. The company has a market cap of $1.88 trillion, a P/E ratio of 62.40, a PEG ratio of 1.55 and a beta of 1.17. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The stock has a 50-day moving average price of $178.22 and a two-hundred day moving average price of $159.32. Amazon.com, Inc. has a 52-week low of $101.15 and a 52-week high of $189.77.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.19. The business had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. Amazon.com’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 earnings per share. On average, equities research analysts forecast that Amazon.com, Inc. will post 4.11 earnings per share for the current year.

Amazon.com 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.