NorthStar Asset Management LLC NJ Grows Stake in Amazon.com, Inc. (NASDAQ:AMZN)

NorthStar Asset Management LLC NJ increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,328 shares of the e-commerce giant’s stock after acquiring an additional 771 shares during the period. Amazon.com makes up about 1.2% of NorthStar Asset Management LLC NJ’s portfolio, making the stock its 12th biggest holding. NorthStar Asset Management LLC NJ’s holdings in Amazon.com were worth $4,021,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Icon Wealth Advisors LLC boosted its stake in shares of Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after acquiring an additional 25,581 shares in the last quarter. Hoese & Co LLP acquired a new position in shares of Amazon.com during the 3rd quarter valued at about $37,000. Bull Oak Capital LLC purchased a new position in Amazon.com in the third quarter worth approximately $45,000. Values First Advisors Inc. purchased a new stake in shares of Amazon.com in the 3rd quarter valued at approximately $56,000. Finally, Harbor Investment Advisory LLC lifted its stake in Amazon.com by 1.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 301,946 shares of the e-commerce giant’s stock worth $66,000 after acquiring an additional 3,055 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Matthew S. Garman sold 15,260 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the sale, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at $69,918,559.59. This trade represents a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the transaction, the chief executive officer now directly owns 497,067 shares of the company’s stock, valued at $114,459,618.09. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,611 shares of company stock valued at $11,122,402. 10.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on AMZN. Wolfe Research increased their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Oppenheimer increased their price objective on Amazon.com from $230.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Redburn Atlantic raised their price target on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Raymond James upped their price objective on shares of Amazon.com from $260.00 to $275.00 in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. raised their price target on Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $260.74.

Amazon.com Trading Down 1.0 %

Shares of Amazon.com stock opened at $226.45 on Wednesday. The company’s 50-day moving average price is $228.26 and its 200-day moving average price is $202.87. The company has a market cap of $2.38 trillion, a price-to-earnings ratio of 40.95, a PEG ratio of 1.36 and a beta of 1.15. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. On average, equities analysts expect that Amazon.com, Inc. will post 6.24 earnings per share for the current fiscal year.

About Amazon.com

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.