Vinland Capital Management Gestora de Recursos LTDA. Purchases New Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Vinland Capital Management Gestora de Recursos LTDA. purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter, according to its most recent filing with the SEC. The fund purchased 20,000 shares of the e-commerce giant’s stock, valued at approximately $3,865,000. Amazon.com comprises 2.5% of Vinland Capital Management Gestora de Recursos LTDA.’s portfolio, making the stock its 2nd biggest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cooksen Wealth LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at about $30,000. Clarity Asset Management Inc. acquired a new stake in Amazon.com in the 4th quarter worth approximately $46,000. Steph & Co. acquired a new position in Amazon.com during the 1st quarter worth $65,000. Advantage Trust Co acquired a new stake in shares of Amazon.com in the fourth quarter worth $68,000. Finally, Koesten Hirschmann & Crabtree INC. acquired a new stake in Amazon.com during the first quarter worth about $69,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AMZN shares. TD Securities increased their price target on Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Rosenblatt Securities lifted their price objective on shares of Amazon.com from $220.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. BMO Capital Markets boosted their target price on Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Itau BBA Securities downgraded shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective for the company. in a research report on Friday, August 2nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $215.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $222.49.

Amazon.com Stock Performance

Shares of AMZN opened at $187.00 on Friday. The company’s 50 day moving average price is $179.78 and its 200 day moving average price is $181.48. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20. The company has a market capitalization of $1.95 trillion, a PE ratio of 52.38, a PEG ratio of 1.29 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping the consensus estimate of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Research analysts expect that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 1,228,993 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $200.36, for a total value of $246,241,037.48. Following the transaction, the insider now directly owns 930,696,284 shares of the company’s stock, valued at approximately $186,474,307,462.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP David Zapolsky sold 4,710 shares of the stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $195.00, for a total transaction of $918,450.00. Following the completion of the sale, the senior vice president now owns 59,500 shares of the company’s stock, valued at $11,602,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 1,228,993 shares of Amazon.com stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the completion of the sale, the insider now owns 930,696,284 shares in the company, valued at $186,474,307,462.24. The disclosure for this sale can be found here. Insiders sold 6,104,317 shares of company stock worth $1,220,621,322 in the last 90 days. 10.80% of the stock is owned by company insiders.

Amazon.com Profile

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.