Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by New World Advisors LLC

New World Advisors LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 18.5% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 18,016 shares of the e-commerce giant's stock after buying an additional 2,819 shares during the quarter. Amazon.com comprises approximately 0.8% of New World Advisors LLC's portfolio, making the stock its 6th biggest position. New World Advisors LLC's holdings in Amazon.com were worth $3,428,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of AMZN. Cable Hill Partners LLC raised its holdings in Amazon.com by 0.5% during the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock valued at $2,104,000 after buying an additional 44 shares during the period. Northern Capital Management Inc. grew its position in shares of Amazon.com by 0.6% during the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock worth $1,613,000 after buying an additional 45 shares in the last quarter. White Wing Wealth Management grew its position in shares of Amazon.com by 2.4% during the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock worth $433,000 after buying an additional 47 shares in the last quarter. Balanced Wealth Group LLC lifted its stake in shares of Amazon.com by 1.6% during the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock worth $705,000 after purchasing an additional 48 shares during the last quarter. Finally, ETF Store Inc. lifted its stake in shares of Amazon.com by 2.1% during the 4th quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock worth $522,000 after purchasing an additional 48 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

NASDAQ:AMZN traded up $2.25 during mid-day trading on Friday, reaching $226.13. 37,691,170 shares of the stock were exchanged, compared to its average volume of 41,988,670. The company has a 50 day simple moving average of $213.50 and a 200-day simple moving average of $208.59. The stock has a market capitalization of $2.40 trillion, a P/E ratio of 36.83, a P/E/G ratio of 1.69 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter last year, the business posted $0.98 EPS. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. Analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Stifel Nicolaus decreased their price target on Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. The Goldman Sachs Group reduced their price objective on Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Citizens Jmp started coverage on Amazon.com in a report on Thursday, July 10th. They set a "strong-buy" rating on the stock. Benchmark reaffirmed a "buy" rating and set a $260.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Finally, Westpark Capital reaffirmed a "buy" rating and set a $280.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $250.35.

Insider Activity at Amazon.com

In other news, CEO Matthew S. Garman sold 20,923 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider directly owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,335,232 shares of company stock worth $3,210,622,570 over the last quarter. Company insiders own 9.70% of the company's stock.

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.