Northstar Group Inc. Has $9.28 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Northstar Group Inc. decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 82,109 shares of the e-commerce giant’s stock after selling 426 shares during the quarter. Amazon.com makes up 2.8% of Northstar Group Inc.’s holdings, making the stock its 6th largest holding. Northstar Group Inc.’s holdings in Amazon.com were worth $9,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of AMZN. Bellecapital International Ltd. raised its position in shares of Amazon.com by 1,993.8% in the second quarter. Bellecapital International Ltd. now owns 70,644 shares of the e-commerce giant’s stock valued at $7,503,000 after buying an additional 67,270 shares in the last quarter. Bouchey Financial Group Ltd raised its position in shares of Amazon.com by 2,027.5% in the second quarter. Bouchey Financial Group Ltd now owns 160,326 shares of the e-commerce giant’s stock valued at $17,028,000 after buying an additional 152,790 shares in the last quarter. Gulf International Bank UK Ltd raised its position in shares of Amazon.com by 1.0% in the third quarter. Gulf International Bank UK Ltd now owns 1,526,940 shares of the e-commerce giant’s stock valued at $172,544,000 after buying an additional 15,640 shares in the last quarter. Ervin Investment Management LLC raised its position in shares of Amazon.com by 1,900.0% in the second quarter. Ervin Investment Management LLC now owns 2,940 shares of the e-commerce giant’s stock valued at $320,000 after buying an additional 2,793 shares in the last quarter. Finally, Csenge Advisory Group raised its position in shares of Amazon.com by 2,077.0% in the second quarter. Csenge Advisory Group now owns 68,119 shares of the e-commerce giant’s stock valued at $7,235,000 after buying an additional 64,990 shares in the last quarter. Institutional investors own 57.64% of the company’s stock.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $94.00, for a total value of $329,000.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $11,259,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 15,787 shares of the company’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $103.10, for a total value of $1,627,639.70. Following the completion of the sale, the chief executive officer now directly owns 522,251 shares of the company’s stock, valued at approximately $53,844,078.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $329,000.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $11,259,320. The disclosure for this sale can be found here. Insiders have sold 52,428 shares of company stock worth $5,077,578 in the last quarter. Insiders own 12.70% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $97.25 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $170.83. The firm has a market capitalization of $992.11 billion, a P/E ratio of 89.26, a P/E/G ratio of 3.09 and a beta of 1.22. The firm’s 50-day moving average price is $90.72 and its 200-day moving average price is $110.28.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The business had revenue of $127.10 billion during the quarter, compared to analyst estimates of $127.47 billion. During the same quarter in the prior year, the company earned $0.31 EPS. The company’s revenue was up 14.7% on a year-over-year basis. Equities research analysts anticipate that Amazon.com, Inc. will post 0.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMZN has been the subject of several research analyst reports. Atlantic Securities lowered their price objective on shares of Amazon.com from $160.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, October 28th. Evercore ISI lowered their price objective on shares of Amazon.com from $170.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, December 19th. UBS Group lowered their price objective on shares of Amazon.com from $165.00 to $125.00 in a research report on Wednesday, January 4th. Citigroup lowered their price objective on shares of Amazon.com from $185.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Finally, Sanford C. Bernstein lowered their price objective on shares of Amazon.com from $150.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and forty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $145.87.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as www.amazon.com and www.amazon.ca.

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

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