Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Northstar Asset Management Inc.

Northstar Asset Management Inc. reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,791 shares of the e-commerce giant’s stock after selling 467 shares during the period. Northstar Asset Management Inc.’s holdings in Amazon.com were worth $612,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AMZN. D.A. Davidson & CO. grew its holdings in shares of Amazon.com by 2.4% during the fourth quarter. D.A. Davidson & CO. now owns 667,557 shares of the e-commerce giant’s stock valued at $146,455,000 after purchasing an additional 15,914 shares during the last quarter. Citizens & Northern Corp lifted its stake in Amazon.com by 10.3% in the fourth quarter. Citizens & Northern Corp now owns 39,690 shares of the e-commerce giant’s stock valued at $8,708,000 after buying an additional 3,691 shares during the last quarter. Empower Advisory Group LLC boosted its holdings in shares of Amazon.com by 2.0% during the fourth quarter. Empower Advisory Group LLC now owns 1,566,136 shares of the e-commerce giant’s stock valued at $343,595,000 after acquiring an additional 30,241 shares during the period. Truist Financial Corp increased its holdings in shares of Amazon.com by 1.8% in the 4th quarter. Truist Financial Corp now owns 4,190,147 shares of the e-commerce giant’s stock worth $919,276,000 after acquiring an additional 75,872 shares during the period. Finally, Blue Chip Partners LLC lifted its position in Amazon.com by 5.2% in the 4th quarter. Blue Chip Partners LLC now owns 129,414 shares of the e-commerce giant’s stock valued at $28,392,000 after purchasing an additional 6,444 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on AMZN shares. BMO Capital Markets restated an “outperform” rating and issued a $236.00 target price on shares of Amazon.com in a research report on Tuesday, December 3rd. Tigress Financial increased their target price on shares of Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $270.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Wolfe Research raised their target price on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Finally, Morgan Stanley boosted their price target on shares of Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Two equities 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 stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $260.65.

Amazon.com Price Performance

Shares of AMZN stock opened at $195.74 on Tuesday. The stock’s fifty day moving average is $221.02 and its 200-day moving average is $207.92. The stock has a market capitalization of $2.07 trillion, a PE ratio of 35.40, a PEG ratio of 1.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 27,500 shares of the business’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 transaction of $6,332,425.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock worth $22,871,828 over the last 90 days. 10.80% of the stock is owned by insiders.

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.