Amazon.com, Inc. (NASDAQ:AMZN) is Northeast Investment Management’s 4th Largest Position

Northeast Investment Management cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 559,601 shares of the e-commerce giant’s stock after selling 3,589 shares during the quarter. Amazon.com makes up approximately 5.1% of Northeast Investment Management’s holdings, making the stock its 4th largest holding. Northeast Investment Management’s holdings in Amazon.com were worth $108,143,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Collective Family Office LLC grew its stake in Amazon.com by 9.7% in the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after purchasing an additional 819 shares in the last quarter. Phillips Wealth Planners LLC lifted its holdings in Amazon.com by 9.2% during the 1st quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock worth $487,000 after buying an additional 224 shares during the last quarter. Bayesian Capital Management LP bought a new position in Amazon.com during the 4th quarter worth approximately $5,926,000. Clearstead Trust LLC grew its position in shares of Amazon.com by 25.8% in the 4th quarter. Clearstead Trust LLC now owns 65,539 shares of the e-commerce giant’s stock worth $9,958,000 after acquiring an additional 13,454 shares in the last quarter. Finally, Summa Corp. bought a new stake in shares of Amazon.com in the 4th quarter valued at approximately $1,506,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Up 0.9 %

AMZN stock opened at $191.60 on Friday. The firm has a market cap of $1.99 trillion, a PE ratio of 53.67, a P/E/G ratio of 1.39 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The firm has a 50 day simple moving average of $178.54 and a 200 day simple moving average of $181.98.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The company had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Equities research analysts forecast that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP David Zapolsky sold 4,710 shares of the stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $195.00, for a total value of $918,450.00. Following the completion of the sale, the senior vice president now directly owns 59,500 shares of the company’s stock, valued at approximately $11,602,500. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Jeffrey P. Bezos sold 3,085,116 shares of the business’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the transaction, the insider now directly owns 931,925,277 shares in the company, valued at approximately $186,450,290,169.39. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP David Zapolsky sold 4,710 shares of the stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $195.00, for a total value of $918,450.00. Following the sale, the senior vice president now owns 59,500 shares of the company’s stock, valued at $11,602,500. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,104,317 shares of company stock worth $1,220,621,322. 10.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. BMO Capital Markets reaffirmed an “outperform” rating and issued a $230.00 price objective on shares of Amazon.com in a report on Thursday. Roth Mkm lifted their price target on shares of Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Tigress Financial increased their price objective on shares of Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. Itau BBA Securities downgraded Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price for the company. in a research note on Friday, August 2nd. Finally, Cantor Fitzgerald assumed coverage on Amazon.com in a report on Thursday, September 5th. They set an “overweight” rating and a $230.00 target price for the company. One equities research analyst has rated the stock with a hold rating, forty have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com currently has an average rating of “Buy” and an average target price of $222.84.

Amazon.com 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.