Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Cut by Northstar Investment Advisors LLC
Northstar Investment Advisors LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,123 shares of the e-commerce giant’s stock after selling 55 shares during the quarter. Amazon.com comprises 2.0% of Northstar Investment Advisors LLC’s portfolio, making the stock its 12th largest holding. Northstar Investment Advisors LLC’s holdings in Amazon.com were worth $8,039,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Wealth Quarterback LLC bought a new stake in shares of Amazon.com during the 4th quarter worth $2,313,511,000. Norges Bank bought a new stake in shares of Amazon.com during the 4th quarter worth $8,070,972,000. Girard Partners LTD. boosted its stake in shares of Amazon.com by 8,783.7% during the 1st quarter. Girard Partners LTD. now owns 519,965 shares of the e-commerce giant’s stock worth $12,121,000 after acquiring an additional 514,112 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Amazon.com during the 4th quarter worth $623,193,000. Finally, Parnassus Investments CA bought a new stake in shares of Amazon.com during the 1st quarter worth $639,204,000. 55.68% of the stock is owned by hedge funds and other institutional investors.
AMZN stock opened at $2,436.88 on Friday. Amazon.com, Inc. has a twelve month low of $1,626.03 and a twelve month high of $2,525.45. The company has a market cap of $1,220.38 billion, a PE ratio of 116.43, a price-to-earnings-growth ratio of 5.16 and a beta of 1.34. The business’s 50-day simple moving average is $2,278.38 and its 200 day simple moving average is $1,975.00. The company has a quick ratio of 0.84, a current ratio of 1.08 and a debt-to-equity ratio of 0.36.
Several research firms have recently weighed in on AMZN. Citigroup raised their price objective on Amazon.com from $2,400.00 to $2,700.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Mizuho reaffirmed a “buy” rating and issued a $2,550.00 target price (up previously from $2,300.00) on shares of Amazon.com in a research report on Friday, May 1st. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Amazon.com in a research report on Monday, May 4th. Morgan Stanley raised their target price on Amazon.com from $2,400.00 to $2,600.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, Tigress Financial reaffirmed a “buy” rating on shares of Amazon.com in a research report on Wednesday, April 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and forty-six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $2,538.89.
In other Amazon.com news, SVP David Zapolsky sold 352 shares of Amazon.com stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $2,300.19, for a total transaction of $809,666.88. Following the sale, the senior vice president now directly owns 4,015 shares of the company’s stock, valued at $9,235,262.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Patricia Q. Stonesifer sold 2,200 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $2,329.44, for a total value of $5,124,768.00. Following the sale, the director now directly owns 4,645 shares in the company, valued at $10,820,248.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,497 shares of company stock worth $21,605,827. 16.10% of the stock is owned by company insiders.
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) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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