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

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Arista Wealth Management LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 38.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,952 shares of the e-commerce giant's stock after selling 5,519 shares during the quarter. Amazon.com comprises approximately 1.2% of Arista Wealth Management LLC's holdings, making the stock its 14th largest holding. Arista Wealth Management LLC's holdings in Amazon.com were worth $1,615,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Amazon.com by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant's stock valued at $117,158,872,000 after purchasing an additional 13,134,632 shares during the period. FMR LLC increased its holdings in Amazon.com by 7.7% in the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant's stock valued at $38,403,135,000 after buying an additional 21,649,871 shares during the period. Norges Bank bought a new stake in Amazon.com in the 4th quarter valued at $17,700,551,000. Northern Trust Corp raised its stake in shares of Amazon.com by 3.7% in the 3rd quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant's stock valued at $11,736,905,000 after buying an additional 3,260,411 shares in the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of Amazon.com by 2.5% during the 4th quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant's stock worth $8,565,017,000 after acquiring an additional 1,389,503 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades


A number of analysts recently weighed in on AMZN shares. Wedbush upped their target price on shares of Amazon.com from $220.00 to $225.00 and gave the company an "outperform" rating in a research note on Wednesday, April 24th. Benchmark reissued a "buy" rating and issued a $200.00 target price on shares of Amazon.com in a report on Wednesday, April 24th. Stifel Nicolaus raised their target price on Amazon.com from $200.00 to $224.00 and gave the stock a "buy" rating in a research report on Tuesday, April 16th. UBS Group upped their price target on Amazon.com from $198.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Morgan Stanley lifted their price objective on Amazon.com from $185.00 to $200.00 and gave the company an "overweight" rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com currently has a consensus rating of "Buy" and an average price target of $205.13.

Read Our Latest Stock Report on Amazon.com

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company's stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the sale, the chief executive officer now owns 131,600 shares of the company's stock, valued at $24,214,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Andrew R. Jassy sold 50,000 shares of the business's stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $168.65, for a total value of $8,432,500.00. Following the completion of the transaction, the chief executive officer now directly owns 2,014,055 shares in the company, valued at approximately $339,670,375.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the sale, the chief executive officer now directly owns 131,600 shares of the company's stock, valued at $24,214,400. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,214,010 shares of company stock worth $5,505,889,146. 10.80% of the stock is currently owned by company insiders.

Amazon.com Trading Up 0.7 %

AMZN traded up $1.34 during trading on Monday, reaching $180.96. 53,954,343 shares of the company's stock were exchanged, compared to its average volume of 42,970,363. The company's fifty day moving average price is $178.22 and its 200-day moving average price is $159.32. 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 firm has a market capitalization of $1.88 trillion, a PE ratio of 62.40, a P/E/G ratio of 1.55 and a beta of 1.17. Amazon.com, Inc. has a fifty-two week low of $101.15 and a fifty-two week high of $189.77.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business had revenue of $169.96 billion during the quarter, compared to analysts' expectations of $165.96 billion. During the same period in the previous year, the firm earned $0.21 earnings per share. The firm's quarterly revenue was up 13.9% compared to the same quarter last year. As a group, equities analysts forecast that Amazon.com, Inc. will post 4.11 EPS for the current year.

About Amazon.com

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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