New Century Financial Group LLC Has $1.33 Million Holdings in Amazon.com, Inc. $AMZN

Key Points

• New Century Financial Group LLC increased its stake in Amazon.com, Inc. by 124.1%, now holding $1.33 million worth of shares, which make up 1.6% of the fund's total holdings.
• Other large investors also significantly increased their positions in Amazon, with Kingstone Capital Partners Texas LLC boosting its holdings by a staggering 542,733.6%, now owning shares valued at approximately $29.1 billion.
• Amazon reported a Q2 earnings per share of $1.68, surpassing estimates, and achieved a year-over-year revenue increase of 13.3%, amounting to $167.70 billion.

New Century Financial Group LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 124.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,054 shares of the e-commerce giant's stock after buying an additional 3,352 shares during the quarter. Amazon.com makes up 1.6% of New Century Financial Group LLC's holdings, making the stock its 19th biggest position. New Century Financial Group LLC's holdings in Amazon.com were worth $1,328,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in AMZN. Kingstone Capital Partners Texas LLC lifted its holdings in Amazon.com by 542,733.6% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant's stock valued at $29,100,194,000 after purchasing an additional 132,616,953 shares during the last quarter. Nuveen LLC acquired a new stake in Amazon.com during the 1st quarter valued at $11,674,091,000. Goldman Sachs Group Inc. lifted its holdings in Amazon.com by 21.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant's stock valued at $11,017,657,000 after purchasing an additional 10,176,835 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Amazon.com by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock valued at $158,348,557,000 after purchasing an additional 8,913,959 shares during the last quarter. Finally, Amundi lifted its holdings in Amazon.com by 15.1% during the 1st quarter. Amundi now owns 55,337,037 shares of the e-commerce giant's stock valued at $9,884,098,000 after purchasing an additional 7,267,277 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling

In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the transaction, the chief financial officer owned 49,000 shares in the company, valued at $10,914,260. The trade was a 26.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the transaction, the senior vice president owned 44,110 shares in the company, valued at approximately $9,825,943.60. This represents a 23.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,591,479 shares of company stock valued at $1,512,698,663 in the last ninety days. Insiders own 10.80% of the company's stock.

Amazon.com Stock Down 0.7%

Shares of NASDAQ AMZN opened at $213.04 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The stock has a market capitalization of $2.27 trillion, a P/E ratio of 32.48, a PEG ratio of 1.41 and a beta of 1.28. The stock's fifty day moving average is $225.66 and its 200 day moving average is $212.88.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter last year, the business earned $1.26 earnings per share. Amazon.com's revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AMZN. Robert W. Baird lifted their target price on Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Citizens Jmp began coverage on Amazon.com in a report on Thursday, July 10th. They set a "strong-buy" rating for the company. Deutsche Bank Aktiengesellschaft lifted their target price on Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Needham & Company LLC reissued a "buy" rating and set a $265.00 target price on shares of Amazon.com in a report on Friday, August 1st. Finally, Susquehanna lifted their target price on Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a report on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $266.26.

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.

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