New Capital Management LP Purchases 6,613 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

New Capital Management LP grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1,801.9% in the second quarter, HoldingsChannel.com reports. The firm owned 6,980 shares of the e-commerce giant’s stock after acquiring an additional 6,613 shares during the period. Amazon.com accounts for approximately 0.4% of New Capital Management LP’s investment portfolio, making the stock its 24th biggest holding. New Capital Management LP’s holdings in Amazon.com were worth $812,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Gibson Wealth Advisors LLC purchased a new position in shares of Amazon.com in the fourth quarter worth $33,000. MBM Wealth Consultants LLC lifted its holdings in shares of Amazon.com by 57.1% in the fourth quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock worth $37,000 after buying an additional 4 shares in the last quarter. William Allan LLC purchased a new position in shares of Amazon.com in the fourth quarter worth $47,000. Cardinal Capital Management Inc. purchased a new position in shares of Amazon.com in the first quarter worth $49,000. Finally, Security Financial Services INC. purchased a new position in shares of Amazon.com in the fourth quarter worth $57,000. 57.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,480 shares of the stock in a transaction dated Monday, August 22nd. The shares were 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 directly owns 119,780 shares of the company’s stock, valued at $16,078,069.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Andrew R. Jassy sold 23,620 shares of the stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $142.29, for a total value of $3,360,889.80. Following the completion of the transaction, the chief executive officer now directly owns 1,892,000 shares of the company’s stock, valued at approximately $269,212,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 3,480 shares of the stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $134.23, for a total transaction of $467,120.40. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $16,078,069.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,628 shares of company stock valued at $9,802,599. 12.70% of the stock is currently owned by insiders.

Amazon.com Stock Performance

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

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Evercore ISI lowered their target price on shares of Amazon.com from $205.00 to $180.00 and set an “outperform” rating on the stock in a report on Friday, June 24th. Canaccord Genuity Group upped their price target on shares of Amazon.com from $185.00 to $200.00 in a research note on Friday, July 29th. Stifel Nicolaus decreased their price target on shares of Amazon.com from $190.00 to $185.00 in a research note on Friday, July 15th. Tigress Financial reaffirmed a “buy” rating and set a $232.00 price target on shares of Amazon.com in a research note on Wednesday, June 29th. Finally, Cowen decreased their price target on shares of Amazon.com from $215.00 to $210.00 and set an “outperform” rating on the stock in a research note on Thursday, July 14th. Two analysts have rated the stock with a sell rating, two have given a hold rating and thirty-six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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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