Vista Investment Partners II LLC Acquires New Position in Amazon.com, Inc. (NASDAQ:AMZN)

Vista Investment Partners II LLC bought a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 6,510 shares of the e-commerce giant’s stock, valued at approximately $1,428,000.

Several other institutional investors also recently bought and sold shares of the business. Morton Community Bank acquired a new stake in shares of Amazon.com during the fourth quarter worth $210,000. Ranch Capital Advisors Inc. boosted its stake in Amazon.com by 0.5% in the 4th quarter. Ranch Capital Advisors Inc. now owns 12,244 shares of the e-commerce giant’s stock worth $2,686,000 after buying an additional 62 shares during the last quarter. Tortoise Investment Management LLC boosted its stake in Amazon.com by 10.4% in the 4th quarter. Tortoise Investment Management LLC now owns 5,106 shares of the e-commerce giant’s stock worth $1,120,000 after buying an additional 481 shares during the last quarter. Independent Advisor Alliance grew its holdings in Amazon.com by 6.5% in the 4th quarter. Independent Advisor Alliance now owns 592,295 shares of the e-commerce giant’s stock valued at $129,944,000 after buying an additional 36,289 shares during the period. Finally, Marvin & Palmer Associates Inc. acquired a new position in shares of Amazon.com during the 4th quarter valued at about $8,306,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on AMZN. Truist Financial lowered their target price on shares of Amazon.com from $265.00 to $230.00 and set a “buy” rating for the company in a report on Thursday. Mizuho lowered their price objective on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating for the company in a research note on Wednesday. DA Davidson increased their target price on Amazon.com from $235.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Benchmark boosted their price target on Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada upped their price target on Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $258.19.

Amazon.com Stock Down 5.2 %

Shares of Amazon.com stock opened at $181.22 on Friday. The business has a 50-day moving average price of $205.37 and a 200 day moving average price of $208.47. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The firm has a market cap of $1.92 trillion, a P/E ratio of 32.77, a P/E/G ratio of 1.50 and a beta of 1.39. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.09. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 104,798 shares of company stock valued at $23,341,803. Insiders own 10.80% of the company’s stock.

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.