Arista Wealth Management LLC Has $3.17 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Arista Wealth Management LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 83.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,418 shares of the e-commerce giant’s stock after buying an additional 7,466 shares during the period. Amazon.com comprises about 0.8% of Arista Wealth Management LLC’s investment portfolio, making the stock its 16th largest holding. Arista Wealth Management LLC’s holdings in Amazon.com were worth $3,173,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Asset Management Group Inc. boosted its position in shares of Amazon.com by 1.9% during the second quarter. Asset Management Group Inc. now owns 40,648 shares of the e-commerce giant’s stock worth $7,855,000 after buying an additional 764 shares during the period. Transatlantique Private Wealth LLC boosted its position in shares of Amazon.com by 33.9% during the second quarter. Transatlantique Private Wealth LLC now owns 19,601 shares of the e-commerce giant’s stock worth $3,784,000 after buying an additional 4,961 shares during the period. TPG Advisors LLC acquired a new position in shares of Amazon.com during the second quarter worth about $1,670,000. Center Lake Capital Management LLC boosted its position in shares of Amazon.com by 25.0% during the second quarter. Center Lake Capital Management LLC now owns 50,000 shares of the e-commerce giant’s stock worth $9,662,000 after buying an additional 10,000 shares during the period. Finally, Kiely Wealth Advisory Group Inc. boosted its position in shares of Amazon.com by 1.5% during the second quarter. Kiely Wealth Advisory Group Inc. now owns 5,500 shares of the e-commerce giant’s stock worth $1,063,000 after buying an additional 80 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

Amazon.com stock opened at $189.07 on Tuesday. The stock’s fifty day moving average price is $182.43 and its two-hundred day moving average price is $183.50. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The firm has a market cap of $1.97 trillion, a PE ratio of 52.96, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. As a group, research analysts expect that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total value of $662,375.00. Following the sale, the chief executive officer now owns 503,753 shares of the company’s stock, valued at approximately $95,335,255.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $189.25, for a total value of $662,375.00. Following the sale, the chief executive officer now directly owns 503,753 shares in the company, valued at approximately $95,335,255.25. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,355 shares of company stock valued at $9,877,423. 10.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AMZN. Piper Sandler reduced their price target on Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Wedbush reissued an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a research report on Friday, August 2nd. Benchmark reissued a “buy” rating and set a $200.00 price target on shares of Amazon.com in a research report on Friday, August 2nd. Needham & Company LLC reissued a “buy” rating and set a $210.00 price target on shares of Amazon.com in a research report on Thursday, September 12th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $215.00 price target on shares of Amazon.com in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $236.78.

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.