New Capital Management LP lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,525 shares of the e-commerce giant’s stock after acquiring an additional 83 shares during the quarter. New Capital Management LP’s holdings in Amazon.com were worth $993,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in AMZN. Nuveen LLC bought a new stake in Amazon.com during the first quarter worth approximately $11,674,091,000. GAMMA Investing LLC boosted its holdings in Amazon.com by 21,420.5% during the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock worth $5,754,425,000 after buying an additional 30,104,520 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Amazon.com by 21.3% during the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock worth $11,017,657,000 after buying an additional 10,176,835 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Amazon.com during the fourth quarter worth approximately $2,037,963,000. Finally, Vanguard Group Inc. boosted its holdings in Amazon.com by 1.1% during the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock worth $158,348,557,000 after buying an additional 8,913,959 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.
Amazon.com Stock Performance
Shares of AMZN opened at $231.23 on Friday. The company has a market capitalization of $2.47 trillion, a PE ratio of 35.25, a price-to-earnings-growth ratio of 1.55 and a beta of 1.30. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The company’s fifty day moving average price is $227.68 and its 200 day moving average price is $209.23.
Analysts Set New Price Targets
A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Wedbush raised their price objective on shares of Amazon.com from $235.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Westpark Capital reaffirmed a “buy” rating and issued a $280.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Piper Sandler raised their price objective on shares of Amazon.com from $250.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, Bank of America raised their price objective on shares of Amazon.com from $265.00 to $272.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $263.30.
Get Our Latest Stock Report on Amazon.com
Insider Buying and Selling
In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the sale, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders have sold 25,097,911 shares of company stock valued at $5,676,032,574. Company insiders own 9.70% of the company’s stock.
About Amazon.com
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.
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