New Capital Management LP Has $845,000 Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• New Capital Management LP reduced its stake in Amazon.com by 45.7%, now owning 4,442 shares worth approximately $845,000, making up 0.2% of its portfolio.
• Other institutional investors have increased their positions in Amazon, with Norges Bank purchasing a new stake worth over $27 billion, and GAMMA Investing LLC increasing its holdings by over 21,420% in the first quarter.
• Amazon's latest earnings report showed an EPS of $1.59, exceeding analyst expectations, along with a quarterly revenue increase of 8.6% year-over-year, reaching $155.67 billion.

New Capital Management LP lowered its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 45.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,442 shares of the e-commerce giant's stock after selling 3,731 shares during the quarter. Amazon.com comprises approximately 0.2% of New Capital Management LP's investment portfolio, making the stock its 26th biggest holding. New Capital Management LP's holdings in Amazon.com were worth $845,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com during the fourth quarter worth approximately $25,000. Prudent Man Investment Management Inc. bought a new stake in Amazon.com during the fourth quarter worth approximately $27,000. LSV Asset Management bought a new stake in Amazon.com during the fourth quarter worth approximately $35,000. Inlight Wealth Management LLC bought a new stake in Amazon.com during the first quarter worth approximately $40,000. Finally, Perritt Capital Management Inc boosted its holdings in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after buying an additional 80 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider owned 883,779,901 shares in the company, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have sold 25,099,537 shares of company stock worth $5,674,394,548. 9.70% of the stock is owned by insiders.

Amazon.com Price Performance

Shares of NASDAQ AMZN traded down $19.36 during trading on Friday, reaching $214.75. The company had a trading volume of 122,007,379 shares, compared to its average volume of 37,811,656. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The stock has a market cap of $2.28 trillion, a PE ratio of 32.74, a PEG ratio of 1.74 and a beta of 1.31. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The business's 50 day moving average price is $217.93 and its 200-day moving average price is $209.23.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 24.90%. The company had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the previous year, the firm posted $1.26 earnings per share. The company's revenue was up 13.3% on a year-over-year basis. Analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

AMZN has been the subject of a number of research reports. The Goldman Sachs Group restated a "buy" rating on shares of Amazon.com in a report on Friday. BNP Paribas Exane upgraded shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 target price for the company in a report on Friday, June 27th. Susquehanna upped their price target on shares of Amazon.com from $225.00 to $260.00 and gave the company a "positive" rating in a research report on Friday. BNP Paribas upgraded shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Finally, Robert W. Baird upped their price target on shares of Amazon.com from $220.00 to $244.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Three investment analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $260.85.

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.