Nicholson Meyer Capital Management Inc. Purchases New Shares in Amazon.com, Inc. (NASDAQ:AMZN)

Nicholson Meyer Capital Management Inc. acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,311 shares of the e-commerce giant's stock, valued at approximately $1,201,000. Amazon.com accounts for about 1.1% of Nicholson Meyer Capital Management Inc.'s holdings, making the stock its 17th biggest position.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the last quarter. FMR LLC raised its position in shares of Amazon.com by 0.5% in the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock worth $72,061,766,000 after purchasing an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Amazon.com by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock worth $44,837,256,000 after purchasing an additional 5,015,380 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Amazon.com by 2.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock worth $40,107,544,000 after purchasing an additional 4,087,933 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Amazon.com in the 4th quarter worth about $27,266,582,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

AMZN has been the subject of several research analyst reports. Wedbush reiterated an "outperform" rating and issued a $235.00 price objective (up from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Truist Financial lifted their price target on shares of Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Citizens Jmp initiated coverage on shares of Amazon.com in a research note on Thursday, July 10th. They issued a "strong-buy" rating for the company. BMO Capital Markets lifted their price target on shares of Amazon.com from $233.00 to $270.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Finally, Moffett Nathanson lifted their price target on shares of Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Three investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $254.71.

Amazon.com Price Performance

AMZN stock traded up $1.35 during midday trading on Monday, hitting $232.79. The company's stock had a trading volume of 26,233,111 shares, compared to its average volume of 35,876,868. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 37.91, a price-to-earnings-growth ratio of 1.72 and a beta of 1.33. The company has a 50 day moving average of $216.19 and a two-hundred day moving average of $208.82.

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 for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the prior year, the company posted $0.98 EPS. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the sale, the insider 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 25,102,037 shares of company stock worth $5,674,871,223. 10.80% of the stock is currently owned by corporate insiders.

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.