Northeast Investment Management Sells 5,473 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Northeast Investment Management trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 549,055 shares of the e-commerce giant's stock after selling 5,473 shares during the quarter. Amazon.com makes up about 4.9% of Northeast Investment Management's portfolio, making the stock its 3rd biggest position. Northeast Investment Management's holdings in Amazon.com were worth $104,463,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMZN. Vanguard Group Inc. increased its stake in Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after buying an additional 17,635,391 shares during the period. FMR LLC grew its stake in Amazon.com by 0.5% in the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock worth $72,061,766,000 after acquiring an additional 1,725,664 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Amazon.com by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock worth $44,837,256,000 after acquiring an additional 5,015,380 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Amazon.com by 2.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock valued at $40,107,544,000 after acquiring an additional 4,087,933 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Amazon.com in the fourth quarter valued at approximately $27,266,582,000. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, VP Shelley Reynolds sold 2,695 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $204.98, for a total value of $512,450.00. Following the completion of the sale, the chief executive officer now directly owns 517,050 shares of the company's stock, valued at $105,984,909. The trade was a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock valued at $20,531,075 over the last quarter. 9.70% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

Shares of AMZN traded up $6.18 during mid-day trading on Friday, hitting $223.30. 119,087,933 shares of the company traded hands, compared to its average volume of 42,161,408. The stock has a market cap of $2.37 trillion, a price-to-earnings ratio of 36.37, a P/E/G ratio of 1.64 and a beta of 1.33. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The stock has a 50-day moving average price of $201.25 and a two-hundred day moving average price of $209.02.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.98 EPS. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AMZN. Wedbush reiterated an "outperform" rating and issued a $235.00 target price (up previously from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Rosenblatt Securities boosted their price objective on Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Citizens Jmp dropped their target price on Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a report on Monday, April 14th. DA Davidson lowered their price objective on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Mizuho decreased their target price on Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Four equities research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price 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.