New Capital Management LP Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

New Capital Management LP grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 1,801.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,980 shares of the e-commerce giant’s stock after buying an additional 6,613 shares during the quarter. Amazon.com accounts for 0.4% of New Capital Management LP’s investment portfolio, making the stock its 24th biggest position. New Capital Management LP’s holdings in Amazon.com were worth $812,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Gibson Wealth Advisors LLC purchased a new stake in shares of Amazon.com during the 4th quarter valued at $33,000. MBM Wealth Consultants LLC grew its holdings in shares of Amazon.com by 57.1% during the 4th quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock valued at $37,000 after purchasing an additional 4 shares during the last quarter. Swaine & Leidel Wealth Services LLC bought a new position in shares of Amazon.com during the 1st quarter valued at $38,000. William Allan LLC bought a new position in shares of Amazon.com during the 4th quarter valued at $47,000. Finally, Cardinal Capital Management Inc. bought a new position in shares of Amazon.com during the 1st quarter valued at $49,000. Hedge funds and other institutional investors own 57.15% of the company’s stock.

Amazon.com Stock Up 0.9 %

Shares of Amazon.com stock opened at $124.66 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.95. The stock has a market capitalization of $1.27 trillion, a PE ratio of 111.75, a price-to-earnings-growth ratio of 5.51 and a beta of 1.33. Amazon.com, Inc. has a 52-week low of $101.26 and a 52-week high of $188.11. The company has a 50-day simple moving average of $129.52 and a two-hundred day simple moving average of $130.59.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.35). Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The firm had revenue of $121.23 billion during the quarter, compared to analysts’ expectations of $119.16 billion. During the same period last year, the firm posted $0.76 earnings per share. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. On average, analysts anticipate that Amazon.com, Inc. will post 0.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AMZN shares. JPMorgan Chase & Co. reduced their target price on shares of Amazon.com from $200.00 to $175.00 and set an “overweight” rating on the stock in a report on Wednesday, June 29th. Loop Capital reduced their target price on shares of Amazon.com from $187.50 to $141.25 and set a “buy” rating on the stock in a report on Friday, May 27th. MKM Partners cut their price target on shares of Amazon.com from $180.00 to $165.00 in a report on Monday, July 25th. Tigress Financial reissued a “buy” rating and issued a $232.00 price target on shares of Amazon.com in a report on Wednesday, June 29th. Finally, Oppenheimer cut their price target on shares of Amazon.com from $175.00 to $160.00 and set an “outperform” rating on the stock in a report on Monday, July 25th. Two analysts have rated the stock with a sell rating, two have given a hold rating and thirty-six have given a buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.61.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total value of $66,263.60. Following the completion of the sale, the chief executive officer now directly owns 115,680 shares in the company, valued at $14,741,102.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total value of $66,263.60. Following the completion of the sale, the chief executive officer now directly owns 115,680 shares in the company, valued at $14,741,102.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 3,480 shares of Amazon.com stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $134.23, for a total transaction of $467,120.40. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $16,078,069.40. The disclosure for this sale can be found here. Insiders sold 70,628 shares of company stock worth $9,802,599 over the last three months. 12.70% of the stock is currently owned by company insiders.

About Amazon.com

(Get Rating)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

Featured Stories

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.