Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by New Century Financial Group LLC

New Century Financial Group LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 23.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,473 shares of the e-commerce giant’s stock after acquiring an additional 2,580 shares during the period. Amazon.com accounts for 1.1% of New Century Financial Group LLC’s portfolio, making the stock its 13th largest position. New Century Financial Group LLC’s holdings in Amazon.com were worth $2,604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the stock. Aristides Capital LLC acquired a new stake in Amazon.com in the second quarter valued at $1,546,000. Orleans Capital Management Corp LA raised its holdings in Amazon.com by 58.0% in the second quarter. Orleans Capital Management Corp LA now owns 8,865 shares of the e-commerce giant’s stock valued at $1,713,000 after acquiring an additional 3,255 shares in the last quarter. 3Chopt Investment Partners LLC raised its holdings in shares of Amazon.com by 7.4% during the second quarter. 3Chopt Investment Partners LLC now owns 16,273 shares of the e-commerce giant’s stock worth $3,145,000 after purchasing an additional 1,126 shares during the period. Heartland Bank & Trust Co raised its holdings in shares of Amazon.com by 0.8% during the second quarter. Heartland Bank & Trust Co now owns 24,938 shares of the e-commerce giant’s stock worth $4,819,000 after purchasing an additional 191 shares during the period. Finally, SPC Financial Inc. raised its holdings in shares of Amazon.com by 62.2% during the second quarter. SPC Financial Inc. now owns 20,227 shares of the e-commerce giant’s stock worth $3,909,000 after purchasing an additional 7,754 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $188.39 on Tuesday. Amazon.com, Inc. has a twelve month low of $128.56 and a twelve month high of $201.20. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average of $183.71 and a 200-day moving average of $183.54. The firm has a market cap of $1.96 trillion, a price-to-earnings ratio of 52.77, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The company had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Analysts forecast that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now owns 121,461 shares in the company, valued at approximately $21,989,299.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,355 shares of company stock worth $9,877,423. Corporate insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Roth Mkm increased their target price on shares of Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Maxim Group increased their target price on shares of Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Piper Sandler dropped their target price on shares of Amazon.com from $220.00 to $215.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Scotiabank assumed coverage on shares of Amazon.com in a report on Friday, October 11th. They set a “sector outperform” rating and a $245.00 target price on the stock. Finally, Wedbush reissued an “outperform” rating and set a $225.00 target price on shares of Amazon.com in a report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $236.76.

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.