Northstar Group Inc. Acquires 1,787 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Northstar Group Inc. lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 89,604 shares of the e-commerce giant’s stock after purchasing an additional 1,787 shares during the quarter. Amazon.com comprises about 2.9% of Northstar Group Inc.’s holdings, making the stock its 8th biggest holding. Northstar Group Inc.’s holdings in Amazon.com were worth $16,696,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Park Place Capital Corp increased its stake in shares of Amazon.com by 3.2% during the first quarter. Park Place Capital Corp now owns 19,857 shares of the e-commerce giant’s stock worth $3,582,000 after buying an additional 616 shares during the period. Consilio Wealth Advisors LLC increased its stake in shares of Amazon.com by 9.8% during the first quarter. Consilio Wealth Advisors LLC now owns 49,895 shares of the e-commerce giant’s stock worth $9,000,000 after buying an additional 4,462 shares during the period. WESPAC Advisors SoCal LLC increased its stake in shares of Amazon.com by 2.5% during the first quarter. WESPAC Advisors SoCal LLC now owns 93,564 shares of the e-commerce giant’s stock worth $16,877,000 after buying an additional 2,298 shares during the period. Steele Capital Management Inc. increased its stake in shares of Amazon.com by 1.2% during the first quarter. Steele Capital Management Inc. now owns 68,663 shares of the e-commerce giant’s stock worth $12,385,000 after buying an additional 835 shares during the period. Finally, Stordahl Capital Management Inc. increased its stake in shares of Amazon.com by 2.1% during the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock worth $498,000 after buying an additional 56 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 9,490 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.88, for a total value of $1,716,551.20. Following the completion of the sale, the senior vice president now owns 64,610 shares of the company’s stock, valued at $11,686,656.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,859 shares of company stock worth $10,215,097 in the last three months. 10.80% of the stock is owned by insiders.

Amazon.com Stock Performance

Amazon.com stock opened at $207.09 on Thursday. The stock’s 50 day moving average price is $186.48 and its 200 day moving average price is $184.23. The firm has a market capitalization of $2.17 trillion, a PE ratio of 44.34, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a one year low of $139.52 and a one year high of $207.55.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 EPS. As a group, sell-side analysts expect that Amazon.com, Inc. will post 4.98 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on AMZN. Rosenblatt Securities increased their price objective on Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a report on Friday, November 1st. Maxim Group raised their target price on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a report on Friday, November 1st. The Goldman Sachs Group raised their price target on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 1st. TD Cowen raised their price target on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Benchmark raised their price target on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $234.55.

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.