Newton One Investments LLC Purchases 1,033 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Newton One Investments LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2,197.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,080 shares of the e-commerce giant’s stock after acquiring an additional 1,033 shares during the period. Newton One Investments LLC’s holdings in Amazon.com were worth $115,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Chartist Inc. CA grew its position in shares of Amazon.com by 10.1% in the 4th quarter. Chartist Inc. CA now owns 317 shares of the e-commerce giant’s stock valued at $1,057,000 after buying an additional 29 shares during the last quarter. Fort Point Capital Partners LLC grew its position in shares of Amazon.com by 5.1% in the 4th quarter. Fort Point Capital Partners LLC now owns 3,525 shares of the e-commerce giant’s stock valued at $11,754,000 after buying an additional 170 shares during the last quarter. Williams Jones Wealth Management LLC. lifted its stake in shares of Amazon.com by 1.1% in the 4th quarter. Williams Jones Wealth Management LLC. now owns 45,114 shares of the e-commerce giant’s stock valued at $150,425,000 after purchasing an additional 482 shares during the period. Rokos Capital Management LLP lifted its stake in shares of Amazon.com by 118.6% in the 4th quarter. Rokos Capital Management LLP now owns 14,221 shares of the e-commerce giant’s stock valued at $47,728,000 after purchasing an additional 90,493 shares during the period. Finally, Public Sector Pension Investment Board lifted its stake in shares of Amazon.com by 32.7% in the 4th quarter. Public Sector Pension Investment Board now owns 188,001 shares of the e-commerce giant’s stock valued at $626,859,000 after purchasing an additional 46,345 shares during the period. Institutional investors own 57.15% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Adam Selipsky sold 520 shares of the stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total value of $66,263.60. Following the sale, the chief executive officer now 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 available at this link. In related news, CEO Adam Selipsky sold 520 shares of the stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total value of $66,263.60. Following the sale, the chief executive officer now 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 available at this link. Also, CEO Andrew R. Jassy sold 23,620 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $142.29, for a total value of $3,360,889.80. Following the completion of the sale, the chief executive officer now owns 1,892,000 shares in the company, valued at approximately $269,212,680. The disclosure for this sale can be found here. Insiders have sold a total of 70,628 shares of company stock worth $9,802,599 over the last 90 days. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Trading Down 3.0 %

NASDAQ:AMZN opened at $118.54 on Thursday. The company has a market cap of $1.21 trillion, a P/E ratio of 106.27, a P/E/G ratio of 5.56 and a beta of 1.33. The stock’s fifty day moving average price is $130.20 and its two-hundred day moving average price is $130.31. Amazon.com, Inc. has a 1 year low of $101.26 and a 1 year high of $188.11. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.95 and a quick ratio of 0.68.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its earnings results on Thursday, July 28th. The e-commerce giant reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.05). The company had revenue of $121.23 billion for the quarter, compared to analysts’ expectations of $119.16 billion. Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 EPS. As a group, analysts expect that Amazon.com, Inc. will post 0.99 EPS for the current year.

Analyst Ratings Changes

AMZN has been the topic of a number of recent analyst reports. Cowen dropped their price objective on Amazon.com from $215.00 to $210.00 and set an “outperform” rating on the stock in a research note on Thursday, July 14th. Oppenheimer dropped their price objective on Amazon.com from $175.00 to $160.00 and set an “outperform” rating on the stock in a research note on Monday, July 25th. MKM Partners dropped their price objective on Amazon.com from $180.00 to $165.00 in a research note on Monday, July 25th. DA Davidson reaffirmed a “buy” rating and set a $151.00 price target on shares of Amazon.com in a research note on Friday, August 5th. Finally, Evercore ISI dropped their price target on Amazon.com from $205.00 to $180.00 and set an “outperform” rating on the stock in a research note on Friday, June 24th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and thirty-six have assigned a buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $176.61.

About Amazon.com

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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.

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

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