nVerses Capital LLC Has $831,000 Stake in Amazon.com, Inc. (NASDAQ:AMZN)

nVerses Capital LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 330.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,300 shares of the e-commerce giant’s stock after buying an additional 3,300 shares during the quarter. Amazon.com comprises approximately 0.5% of nVerses Capital LLC’s investment portfolio, making the stock its 11th largest holding. nVerses Capital LLC’s holdings in Amazon.com were worth $831,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AMZN. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com during the 4th quarter worth approximately $30,000. Clarity Asset Management Inc. acquired a new stake in Amazon.com in the 4th quarter valued at $46,000. Christopher J. Hasenberg Inc grew its position in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares during the period. Steph & Co. acquired a new stake in Amazon.com in the 1st quarter valued at $65,000. Finally, Advantage Trust Co acquired a new stake in Amazon.com in the 4th quarter valued at $68,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Down 1.7 %

Shares of NASDAQ AMZN opened at $187.97 on Friday. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 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 firm has a market capitalization of $1.97 trillion, a price-to-earnings ratio of 52.65, a PEG ratio of 1.46 and a beta of 1.14. The business has a 50-day moving average of $178.83 and a 200-day moving average of $182.48.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data 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. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The company had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Sell-side analysts expect that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $195.99, for a total value of $685,965.00. Following the completion of the sale, the chief executive officer now owns 519,753 shares of the company’s stock, valued at $101,866,390.47. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Amazon.com news, insider Jeffrey P. Bezos sold 1,463,437 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $200.08, for a total value of $292,804,474.96. Following the completion of the sale, the insider now owns 935,211,842 shares in the company, valued at $187,117,185,347.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $195.99, for a total value of $685,965.00. Following the completion of the sale, the chief executive officer now directly owns 519,753 shares in the company, valued at $101,866,390.47. The disclosure for this sale can be found here. Insiders sold a total of 6,101,797 shares of company stock valued at $1,220,129,922 over the last quarter. 10.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AMZN. Robert W. Baird lifted their price target on shares of Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a research report on Friday, June 21st. JMP Securities lifted their price target on shares of Amazon.com from $245.00 to $265.00 and gave the company a “market outperform” rating in a research report on Tuesday, September 3rd. TD Cowen lifted their price target on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Sanford C. Bernstein lifted their price target on shares of Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Finally, Roth Mkm raised their price objective on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $222.84.

Amazon.com Company 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.