Vista Cima Wealth Management LLC Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

Vista Cima Wealth Management LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 8,910 shares of the e-commerce giant's stock, valued at approximately $1,955,000. Amazon.com comprises 2.0% of Vista Cima Wealth Management LLC's portfolio, making the stock its 16th biggest position.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. FMR LLC boosted its position in Amazon.com by 0.5% during the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock valued at $72,061,766,000 after purchasing an additional 1,725,664 shares during the period. Geode Capital Management LLC boosted its position in Amazon.com by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock valued at $44,837,256,000 after purchasing an additional 5,015,380 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Amazon.com by 2.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock valued at $40,107,544,000 after purchasing an additional 4,087,933 shares during the period. Finally, Norges Bank acquired a new position in Amazon.com during the 4th quarter valued at approximately $27,266,582,000. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the subject of several recent analyst reports. Maxim Group increased their price target on Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Raymond James reissued an "outperform" rating and issued a $195.00 price target (down previously from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Wells Fargo & Company decreased their price target on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 25th. Westpark Capital reissued a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Loop Capital increased their price target on Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $244.57.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at $95,776,017.26. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction on Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the sale, the director now directly owns 5,465 shares of the company's stock, valued at $1,151,366.20. This trade represents a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 99,537 shares of company stock worth $20,018,625 in the last 90 days. 9.70% of the stock is owned by company insiders.

Amazon.com Price Performance

Shares of Amazon.com stock traded up $1.64 during midday trading on Monday, hitting $206.65. 29,034,623 shares of the company were exchanged, compared to its average volume of 41,968,820. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm has a market cap of $2.19 trillion, a P/E ratio of 37.37, a PEG ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The firm has a 50 day simple moving average of $190.57 and a 200-day simple moving average of $208.61.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Amazon.com's revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company earned $0.98 EPS. Research analysts forecast that Amazon.com, Inc. will post 6.31 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.