Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by North Star Investment Management Corp.


North Star Investment Management Corp. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,402 shares of the e-commerce giant’s stock after acquiring an additional 218 shares during the quarter. Amazon.com makes up 0.9% of North Star Investment Management Corp.’s portfolio, making the stock its 24th largest position. North Star Investment Management Corp.’s holdings in Amazon.com were worth $11,090,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its position in shares of Amazon.com by 1.5% in the first quarter. Fifth Third Bancorp now owns 177,679 shares of the e-commerce giant’s stock valued at $579,225,000 after buying an additional 2,686 shares during the period. Graypoint LLC boosted its position in shares of Amazon.com by 57.9% in the first quarter. Graypoint LLC now owns 1,704 shares of the e-commerce giant’s stock valued at $5,555,000 after purchasing an additional 625 shares during the period. Castle Rock Wealth Management LLC boosted its position in shares of Amazon.com by 10.6% in the first quarter. Castle Rock Wealth Management LLC now owns 1,715 shares of the e-commerce giant’s stock valued at $5,422,000 after buying an additional 164 shares during the period. AHL Investment Management Inc. grew its position in shares of Amazon.com by 462.2% in the first quarter. AHL Investment Management Inc. now owns 669 shares of the e-commerce giant’s stock valued at $2,181,000 after buying an additional 550 shares during the period. Finally, Atlas Private Wealth Advisors bought a new stake in shares of Amazon.com in the first quarter worth about $6,229,000. 72.51% of the shares are currently owned by institutional investors and hedge funds.

Wall Street analysts forecast growth

Several brokerages recently weighed in on AMZN. Morgan Stanley cut their target price on Amazon.com from $210.00 to $190.00 in a research report on Friday, April 29th. Mizuho cut their target price on Amazon.com from $197.50 to $155.00 and set a “buy” rating for the company in a report on Thursday, July 21st. They noted that the move was a call for evaluation. Robert W. Baird cut their target price on Amazon.com from $200.00 to $187.50 in a report on Friday, April 29th. Deutsche Bank Aktiengesellschaft cut their target price on Amazon.com from $174.00 to $155.00 in a report on Thursday, July 21st. Finally, JPMorgan Chase & Co. reduced their price objective on Amazon.com from $200.00 to $175.00 and set an “overweight” rating for the company in a report on Wednesday, June 29th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and thirty-seven have assigned a buy rating to the company’s stock. According to MarketBeat.com , the stock has an average rating of “Moderate Buy” and an average price target of $177.99.

Amazon.com shares fell 1.2%

AMZN opened at $140.80 on Monday. Amazon.com, Inc. has a 12-month low of $101.26 and a 12-month high of $188.11. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.95, and a quick ratio of 0.68. The stock has a market cap of $1.43 trillion, a P/E ratio of 126.22, a P/E/G ratio of 6.41 and a beta of 1.33. The stock’s 50-day moving average is $117.09 and its 200-day moving average is $134.21.

Amazon.com (NASDAQ:AMZN – Get Rating ) last issued its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). The firm had revenue of $121.23 billion for the quarter, compared to the consensus estimate of $119.16 billion. Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business reported $0.76 earnings per share. As a group, analysts predict that Amazon.com, Inc. will post 0.97 earnings per share for the current year.

Insider buying and selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 1,181 shares of the stock in a transaction on Monday, May 16th. The shares were sold at an average price of $2,262.00, for a total transaction of $2,671,422.00. Following the completion of the transaction, the CEO now directly owns 92,781 shares of the company’s stock, valued at approximately $209,870,622. The sale was disclosed in a filing with the SEC that is available through the SEC’s website. In other Amazon.com news, CEO Andrew R. Jassy sold 1,181 shares of the stock in a transaction on Monday, May 16th. The shares were sold at an average price of $2,262.00, for a total transaction of $2,671,422.00. Following the completion of the transaction, the CEO now directly owns 92,781 shares of the company’s stock, valued at approximately $209,870,622. The sale was disclosed in a filing with the SEC that is available through the SEC’s website. Also, CFO Brian T. Olsavsky sold 761 shares of the stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total value of $1,650,776.42. Following the transaction, the chief financial officer now directly owns 2,375 shares of the company’s stock, valued at $5,151,897.50. Disclosure of this sale can be found here. Over the last ninety days, insiders have sold 4,803 shares of company stock worth $10,528,337. 12.70% of shares are owned by corporate insiders.

Amazon.com Company Profile

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Amazon.com, Inc is engaged in the retail sale of consumer products and subscriptions in North America and internationally. The company operates in three segments: North America, International and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)



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