Vista Cima Wealth Management LLC Purchases Shares of 6,650 Amazon.com, Inc. $AMZN

Vista Cima Wealth Management LLC acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 6,650 shares of the e-commerce giant's stock, valued at approximately $1,585,000. Amazon.com accounts for about 1.2% of Vista Cima Wealth Management LLC's portfolio, making the stock its 17th largest position.

A number of other hedge funds also recently made changes to their positions in the stock. Pacific Sun Financial Corp purchased a new stake in Amazon.com during the second quarter valued at about $2,034,000. Stevens Capital Partners acquired a new stake in Amazon.com during the second quarter worth about $3,181,000. Altiora Financial Group LLC purchased a new position in shares of Amazon.com in the 2nd quarter worth about $1,467,000. BOK Financial Private Wealth Inc. purchased a new position in Amazon.com in the second quarter valued at approximately $7,998,000. Finally, Act Two Investors LLC purchased a new stake in Amazon.com during the second quarter worth approximately $41,900,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Trading Down 1.3%

Shares of NASDAQ AMZN opened at $253.54 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. The stock's 50 day moving average price is $255.75 and its two-hundred day moving average price is $244.72. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The stock has a market capitalization of $2.73 trillion, a P/E ratio of 20.40, a PEG ratio of 1.98 and a beta of 1.44.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, topping analysts' consensus estimates of $1.82 by $3.93. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The firm had revenue of $200.61 billion during the quarter, compared to the consensus estimate of $197.03 billion. During the same quarter in the previous year, the company posted $1.68 earnings per share. The firm's revenue was up 19.6% on a year-over-year basis. On average, analysts anticipate that Amazon.com, Inc. will post 8.05 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Douglas J. Herrington sold 1,000 shares of the company's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $254.77, for a total transaction of $254,770.00. Following the completion of the transaction, the chief executive officer directly owned 475,681 shares in the company, valued at $121,189,248.37. This represents a 0.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,343 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $606,860.43. Following the completion of the sale, the vice president directly owned 119,780 shares in the company, valued at $31,024,217.80. This represents a 1.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 71,589 shares of company stock valued at $18,568,785 over the last quarter. Corporate insiders own 8.90% of the company's stock.

Key Headlines Impacting Amazon.com

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Amazon’s advertising business is expanding beyond its own properties through a pilot partnership that lets select advertisers extend Amazon campaigns into ChatGPT. The initiative could broaden Amazon DSP’s reach and create a new revenue channel, although financial terms remain undisclosed. Amazon Is Becoming a Gateway to ChatGPT Ads
• Positive Sentiment: Zoox is entering San Francisco’s robotaxi market, increasing Amazon’s exposure to autonomous transportation and creating potential long-term upside if the service scales successfully. Amazon’s Zoox Enters San Francisco’s Crowded Robotaxi Market
• Positive Sentiment: Amazon completed a £4.242 billion sterling-denominated senior debt offering, supporting its U.K. operations and broader funding needs. The issuance improves liquidity flexibility but also adds to the company’s debt load. Amazon Boosts UK Presence With Sterling Debt Offering

Analysts Set New Price Targets

AMZN has been the subject of several recent research reports. TD Cowen reiterated a "buy" rating and issued a $350.00 price target (up from $340.00) on shares of Amazon.com in a report on Friday, July 31st. Telsey Advisory Group set a $335.00 price target on Amazon.com and gave the stock an "outperform" rating in a research report on Friday, July 31st. Robert W. Baird set a $310.00 target price on shares of Amazon.com and gave the company an "outperform" rating in a research note on Friday, July 31st. Benchmark lifted their price target on shares of Amazon.com from $370.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Finally, Zacks Research raised shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and an average target price of $323.26.

Amazon.com Company Profile

Amazon.com, Inc is a global technology and e-commerce company that operates online marketplaces and provides a broad range of consumer products and services. Its retail business sells merchandise directly to customers and enables third-party sellers to offer products through Amazon's websites and applications. The company also operates physical stores and provides services such as digital content, subscriptions, and consumer devices, including Kindle and Echo products.

Amazon Web Services (AWS) provides cloud computing, storage, database, analytics, artificial intelligence, machine learning, and other technology services to businesses, governments, and organizations.

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