Northstar Group Inc. Trims Stake in Amazon.com, Inc. (AMZN)
Northstar Group Inc. reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 33.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,879 shares of the e-commerce giant’s stock after selling 1,458 shares during the period. Amazon.com comprises 1.3% of Northstar Group Inc.’s investment portfolio, making the stock its 19th largest holding. Northstar Group Inc.’s holdings in Amazon.com were worth $2,053,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Lipe & Dalton acquired a new position in Amazon.com in the first quarter valued at approximately $124,000. Arcadia Investment Management Corp MI lifted its stake in Amazon.com by 43.7% in the first quarter. Arcadia Investment Management Corp MI now owns 171 shares of the e-commerce giant’s stock valued at $152,000 after buying an additional 52 shares during the period. Feltz Wealth PLAN Inc. acquired a new position in Amazon.com in the first quarter valued at approximately $180,000. Farmers Trust Co. acquired a new position in Amazon.com in the second quarter valued at approximately $208,000. Finally, Berson & Corrado Investment Advisors LLC acquired a new position in Amazon.com in the second quarter valued at approximately $208,000. Institutional investors own 60.76% of the company’s stock.
Shares of Amazon.com, Inc. (NASDAQ AMZN) traded up 0.52% during mid-day trading on Friday, hitting $961.35. The stock had a trading volume of 2,543,759 shares. Amazon.com, Inc. has a 12 month low of $710.10 and a 12 month high of $1,083.31. The stock’s 50-day moving average is $973.80 and its 200 day moving average is $952.61. The firm has a market cap of $461.81 billion, a PE ratio of 244.49 and a beta of 1.47.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($1.00). The firm had revenue of $37.96 billion for the quarter, compared to analyst estimates of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The business’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.78 EPS. Equities research analysts predict that Amazon.com, Inc. will post $3.65 earnings per share for the current fiscal year.
A number of brokerages have recently weighed in on AMZN. UBS AG reaffirmed a “buy” rating and set a $1,100.00 target price on shares of Amazon.com in a research report on Wednesday, June 21st. Cowen and Company reaffirmed an “outperform” rating and set a $1,125.00 target price on shares of Amazon.com in a research report on Thursday, August 10th. Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating and set a $1,275.00 target price on shares of Amazon.com in a research report on Wednesday, August 9th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $1,200.00 target price on shares of Amazon.com in a research report on Thursday, August 10th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $1,150.00 target price on shares of Amazon.com in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $1,107.47.
In related news, CEO Jeffrey A. Wilke sold 2,800 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $955.20, for a total value of $2,674,560.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $9,552,000. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 1,985 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $986.12, for a total transaction of $1,957,448.20. Following the completion of the sale, the chief executive officer now directly owns 81,479 shares of the company’s stock, valued at $80,348,071.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,083 shares of company stock valued at $8,874,850. Insiders own 17.70% of the company’s stock.
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Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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