Northstar Advisory Group LLC Decreases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Northstar Advisory Group LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 15.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 31,610 shares of the e-commerce giant's stock after selling 5,572 shares during the quarter. Amazon.com makes up about 3.9% of Northstar Advisory Group LLC's portfolio, making the stock its 6th largest holding. Northstar Advisory Group LLC's holdings in Amazon.com were worth $6,014,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Momentous Wealth Management Inc. acquired a new stake in Amazon.com during the 4th quarter valued at approximately $749,000. Segall Bryant & Hamill LLC boosted its stake in shares of Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after purchasing an additional 39,696 shares during the last quarter. Bearing Point Capital LLC bought a new stake in shares of Amazon.com in the 4th quarter valued at $12,014,000. Evergreen Capital Management LLC increased its position in shares of Amazon.com by 0.5% during the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock worth $53,213,000 after buying an additional 1,198 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in Amazon.com by 173.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock worth $759,434,000 after buying an additional 2,196,353 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN traded up $6.18 during mid-day trading on Friday, reaching $223.30. The company had a trading volume of 118,355,841 shares, compared to its average volume of 42,286,835. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company's 50-day moving average price is $201.25 and its 200-day moving average price is $209.02. The firm has a market cap of $2.37 trillion, a price-to-earnings ratio of 36.37, a PEG ratio of 1.60 and a beta of 1.33. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $0.98 EPS. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 20,923 shares of Amazon.com stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at $24,050,626.20. This trade represents a 2.20% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,037 shares of company stock worth $20,531,075. 9.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Piper Sandler reiterated an "overweight" rating and set a $212.00 price target (down from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. The Goldman Sachs Group cut their target price on Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Deutsche Bank Aktiengesellschaft lowered their target price on Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a report on Monday, April 14th. Evercore ISI cut their price target on Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $220.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $245.81.

Amazon.com Company 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.