Sterling Financial Group Inc. Has $1.46 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Sterling Financial Group Inc. boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,853 shares of the e-commerce giant’s stock after acquiring an additional 184 shares during the quarter. Amazon.com accounts for about 0.6% of Sterling Financial Group Inc.’s holdings, making the stock its 24th biggest position. Sterling Financial Group Inc.’s holdings in Amazon.com were worth $1,463,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Garrison Point Advisors LLC boosted its stake in Amazon.com by 0.3% in the 1st quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock worth $3,675,000 after purchasing an additional 55 shares during the period. Meridian Investment Counsel Inc. boosted its position in shares of Amazon.com by 1.8% in the second quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock valued at $594,000 after acquiring an additional 55 shares during the period. O Connor Financial Group LLC grew its stake in Amazon.com by 2.2% during the third quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock valued at $473,000 after acquiring an additional 55 shares in the last quarter. Cherrydale Wealth Management LLC increased its holdings in Amazon.com by 0.7% during the 3rd quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock worth $1,396,000 after acquiring an additional 55 shares during the period. Finally, O Dell Group LLC increased its holdings in shares of Amazon.com by 0.4% in the first quarter. O Dell Group LLC now owns 13,638 shares of the e-commerce giant’s stock worth $2,460,000 after purchasing an additional 57 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In related news, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the sale, the chief executive officer now directly owns 518,911 shares of the company’s stock, valued at $106,797,072.91. This trade represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Matthew S. Garman sold 15,260 shares of the business’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 completion of the transaction, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,026,683 shares of company stock worth $1,252,148,795 over the last 90 days. 10.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Jefferies Financial Group lifted their price objective on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Barclays boosted their price objective on Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. BMO Capital Markets reiterated an “outperform” rating and set a $236.00 target price (up from $230.00) on shares of Amazon.com in a research report on Friday, November 1st. Rosenblatt Securities boosted their price target on shares of Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Evercore ISI lifted their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a 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 company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $235.77.

Amazon.com Price Performance

AMZN stock opened at $201.45 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The firm has a 50 day moving average price of $193.33 and a 200-day moving average price of $186.38. Amazon.com, Inc. has a 52-week low of $142.81 and a 52-week high of $215.90. The firm has a market capitalization of $2.12 trillion, a price-to-earnings ratio of 43.14, a PEG ratio of 1.32 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

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.