Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Increased by Northstar Advisory Group LLC

Northstar Advisory Group LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2,009.6% in the second quarter, Holdings Channel.com reports. The firm owned 7,025 shares of the e-commerce giant’s stock after acquiring an additional 6,692 shares during the quarter. Amazon.com comprises 0.6% of Northstar Advisory Group LLC’s portfolio, making the stock its 25th largest holding. Northstar Advisory Group LLC’s holdings in Amazon.com were worth $746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Fifth Third Bancorp raised its position in Amazon.com by 1.5% during the first quarter. Fifth Third Bancorp now owns 177,679 shares of the e-commerce giant’s stock valued at $579,225,000 after acquiring an additional 2,686 shares in the last quarter. LRT Capital Management LLC acquired a new position in Amazon.com during the first quarter valued at approximately $939,000. Van Hulzen Asset Management LLC grew its holdings in Amazon.com by 2.1% during the first quarter. Van Hulzen Asset Management LLC now owns 3,993 shares of the e-commerce giant’s stock valued at $13,017,000 after purchasing an additional 82 shares during the last quarter. Graypoint LLC grew its holdings in Amazon.com by 57.9% during the first quarter. Graypoint LLC now owns 1,704 shares of the e-commerce giant’s stock valued at $5,555,000 after purchasing an additional 625 shares during the last quarter. Finally, Castle Rock Wealth Management LLC grew its holdings in Amazon.com by 10.6% during the first quarter. Castle Rock Wealth Management LLC now owns 1,715 shares of the e-commerce giant’s stock valued at $5,422,000 after purchasing an additional 164 shares during the last quarter. 57.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on AMZN shares. Oppenheimer lowered their price target on Amazon.com from $175.00 to $160.00 and set an “outperform” rating on the stock in a report on Monday, July 25th. Mizuho lowered their price objective on shares of Amazon.com from $197.50 to $155.00 and set a “buy” rating on the stock in a research note on Thursday, July 21st. They noted that the move was a valuation call. The Goldman Sachs Group restated a “buy” rating and issued a $175.00 price objective on shares of Amazon.com in a research note on Thursday, August 4th. Evercore ISI lowered their price objective on shares of Amazon.com from $205.00 to $180.00 and set an “outperform” rating on the stock in a research note on Friday, June 24th. Finally, Jefferies Financial Group lowered their price objective on shares of Amazon.com from $163.00 to $150.00 in a research note on Wednesday, July 20th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and thirty-six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $176.61.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total value of $66,263.60. Following the completion of the sale, the chief executive officer now directly owns 115,680 shares in the company, valued at $14,741,102.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Adam Selipsky sold 520 shares of the business’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total transaction of $66,263.60. Following the completion of the transaction, the chief executive officer now directly owns 115,680 shares in the company, valued at approximately $14,741,102.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP David Zapolsky sold 10,480 shares of the business’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $145.01, for a total value of $1,519,704.80. Following the transaction, the senior vice president now owns 60,260 shares of the company’s stock, valued at $8,738,302.60. The disclosure for this sale can be found here. Insiders sold a total of 70,628 shares of company stock worth $9,802,599 over the last three months. 12.70% of the stock is currently owned by company insiders.

Amazon.com Price Performance

Shares of AMZN stock opened at $117.31 on Friday. The stock has a 50-day moving average price of $130.33 and a 200 day moving average price of $130.17. The company has a quick ratio of 0.68, a current ratio of 0.95 and a debt-to-equity ratio of 0.44. The firm has a market cap of $1.20 trillion, a price-to-earnings ratio of 105.16, a PEG ratio of 5.45 and a beta of 1.33. Amazon.com, Inc. has a 12 month low of $101.26 and a 12 month high of $188.11.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.05). The firm had revenue of $121.23 billion during the quarter, compared to analyst estimates of $119.16 billion. Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. Amazon.com’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 earnings per share. Research analysts expect that Amazon.com, Inc. will post 0.99 EPS for the current year.

Amazon.com Profile

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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