North Star Asset Management Inc. Purchases 30 Shares of Amazon.com, Inc. (AMZN)

North Star Asset Management Inc. grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 506 shares of the e-commerce giant’s stock after buying an additional 30 shares during the period. North Star Asset Management Inc.’s holdings in Amazon.com were worth $760,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in Amazon.com by 3.0% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 54,608 shares of the e-commerce giant’s stock worth $109,373,000 after purchasing an additional 1,599 shares in the last quarter. Ironwood Investment Counsel LLC increased its stake in Amazon.com by 39.7% in the 3rd quarter. Ironwood Investment Counsel LLC now owns 535 shares of the e-commerce giant’s stock worth $1,071,000 after acquiring an additional 152 shares during the last quarter. Panagora Asset Management Inc. increased its stake in Amazon.com by 2.3% in the 3rd quarter. Panagora Asset Management Inc. now owns 447,545 shares of the e-commerce giant’s stock worth $896,433,000 after acquiring an additional 10,119 shares during the last quarter. Lodestar Investment Counsel LLC IL increased its stake in Amazon.com by 60.6% in the 4th quarter. Lodestar Investment Counsel LLC IL now owns 959 shares of the e-commerce giant’s stock worth $1,440,000 after acquiring an additional 362 shares during the last quarter. Finally, Spinnaker Trust increased its stake in Amazon.com by 16.2% in the 3rd quarter. Spinnaker Trust now owns 789 shares of the e-commerce giant’s stock worth $1,580,000 after acquiring an additional 110 shares during the last quarter. 55.96% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on AMZN shares. Zacks Investment Research upgraded Amazon.com from a “hold” rating to a “buy” rating and set a $1,811.00 target price on the stock in a research note on Tuesday, January 15th. Deutsche Bank reiterated a “buy” rating and set a $2,250.00 price objective (down from $2,300.00) on shares of Amazon.com in a research report on Wednesday, January 23rd. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, January 25th. Royal Bank of Canada reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, January 25th. Finally, Credit Suisse Group reiterated an “outperform” rating on shares of Amazon.com in a research report on Monday, January 28th. Five analysts have rated the stock with a hold rating and forty-three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $2,181.89.



AMZN opened at $1,840.12 on Wednesday. The company has a market capitalization of $930.49 billion, a PE ratio of 91.37, a PEG ratio of 2.16 and a beta of 1.62. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.09 and a quick ratio of 0.83. Amazon.com, Inc. has a 52 week low of $1,307.00 and a 52 week high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, April 25th. The e-commerce giant reported $7.09 EPS for the quarter, beating the Zacks’ consensus estimate of $4.61 by $2.48. The company had revenue of $59.70 billion during the quarter, compared to analysts’ expectations of $59.73 billion. Amazon.com had a return on equity of 28.91% and a net margin of 4.97%. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter last year, the business posted $3.27 EPS. As a group, research analysts expect that Amazon.com, Inc. will post 26.59 earnings per share for the current fiscal year.

In other news, CEO Jeffrey A. Wilke sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $1,934.42, for a total value of $4,836,050.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $19,344,200. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $1,811.14, for a total value of $3,622,280.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $18,111,400. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,075 shares of company stock valued at $21,454,483. 16.10% of the stock is currently owned by company insiders.

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Amazon.com Company Profile

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

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

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