New Century Financial Group LLC Raises Position in Amazon.com, Inc. (NASDAQ:AMZN)

New Century Financial Group LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 24.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,771 shares of the e-commerce giant's stock after purchasing an additional 3,298 shares during the quarter. Amazon.com accounts for about 1.1% of New Century Financial Group LLC's portfolio, making the stock its 12th largest position. New Century Financial Group LLC's holdings in Amazon.com were worth $3,125,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the company. Zhang Financial LLC increased its position in Amazon.com by 12.9% in the 3rd quarter. Zhang Financial LLC now owns 51,091 shares of the e-commerce giant's stock valued at $9,520,000 after buying an additional 5,828 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Amazon.com by 0.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant's stock valued at $550,217,000 after purchasing an additional 14,766 shares during the period. GAMMA Investing LLC grew its position in shares of Amazon.com by 19.2% during the 3rd quarter. GAMMA Investing LLC now owns 119,205 shares of the e-commerce giant's stock valued at $22,211,000 after acquiring an additional 19,231 shares during the period. Stonekeep Investments LLC purchased a new stake in Amazon.com in the 2nd quarter worth about $2,588,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Amazon.com by 164.1% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant's stock valued at $203,677,000 after acquiring an additional 654,908 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Down 1.7 %

Shares of NASDAQ AMZN traded down $3.53 during trading hours on Thursday, hitting $199.35. 38,095,930 shares of the stock were exchanged, compared to its average volume of 41,507,563. Amazon.com, Inc. has a 12 month low of $142.81 and a 12 month high of $215.90. The firm has a fifty day moving average price of $192.56 and a 200-day moving average price of $186.18. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.10 trillion, a PE ratio of 42.61, a PEG ratio of 1.37 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The company's quarterly revenue was up 11.0% compared to the same quarter last year. On average, sell-side analysts expect that Amazon.com, Inc. will post 5.27 EPS for the current year.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the transaction, the insider now directly owns 917,416,976 shares in the company, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the firm's stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,011,423 shares of company stock worth $1,249,093,896. Insiders own 10.80% of the company's stock.

Analyst Ratings Changes

AMZN has been the subject of several research analyst reports. Jefferies Financial Group lifted their price objective on Amazon.com from $225.00 to $235.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Bank of America boosted their target price on Amazon.com from $210.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, November 1st. BMO Capital Markets reaffirmed an "outperform" rating and issued a $236.00 price target (up previously from $230.00) on shares of Amazon.com in a research note on Friday, November 1st. Robert W. Baird upped their price objective on shares of Amazon.com from $213.00 to $220.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Finally, Roth Mkm lifted their price target on Amazon.com from $210.00 to $215.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $235.77.

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.