Newbrook Capital Advisors LP Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Newbrook Capital Advisors LP grew its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 460,676 shares of the e-commerce giant's stock after acquiring an additional 14,516 shares during the period. Amazon.com accounts for about 13.0% of Newbrook Capital Advisors LP's investment portfolio, making the stock its biggest position. Newbrook Capital Advisors LP's holdings in Amazon.com were worth $101,068,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Momentous Wealth Management Inc. bought a new stake in shares of Amazon.com during the fourth quarter worth approximately $749,000. Segall Bryant & Hamill LLC raised its stake in shares of Amazon.com by 14.3% during the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after buying an additional 39,696 shares during the last quarter. Evergreen Capital Management LLC raised its stake in shares of Amazon.com by 0.5% during the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock worth $53,213,000 after buying an additional 1,198 shares during the last quarter. Bearing Point Capital LLC bought a new stake in shares of Amazon.com during the fourth quarter worth approximately $12,014,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Amazon.com by 173.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock worth $759,434,000 after buying an additional 2,196,353 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AMZN shares. Stifel Nicolaus dropped their price target on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Cantor Fitzgerald boosted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Westpark Capital reaffirmed a "buy" rating and issued a $280.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. The Goldman Sachs Group lowered their target price on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $220.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

Insider Activity

In other news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $190.67, for a total value of $476,675.00. Following the transaction, the chief executive officer now directly owns 506,974 shares of the company's stock, valued at $96,664,732.58. This represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the transaction, the director now directly owns 5,465 shares in the company, valued at $1,151,366.20. The trade was a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 99,537 shares of company stock valued at $20,018,625 over the last ninety days. 9.70% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

NASDAQ AMZN traded down $1.77 on Friday, hitting $203.93. 51,641,602 shares of the stock were exchanged, compared to its average volume of 42,021,406. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The business's fifty day moving average is $190.57 and its 200 day moving average is $208.61. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a market capitalization of $2.16 trillion, a PE ratio of 36.88, a P/E/G ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period in the prior year, the firm posted $0.98 earnings per share. The company's quarterly revenue was up 8.6% compared to the same quarter last year. Research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.