Northeast Financial Group Inc. Boosts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Northeast Financial Group Inc. lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 66.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 12,827 shares of the e-commerce giant's stock after purchasing an additional 5,131 shares during the period. Amazon.com accounts for about 1.1% of Northeast Financial Group Inc.'s portfolio, making the stock its 21st largest position. Northeast Financial Group Inc.'s holdings in Amazon.com were worth $2,479,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. International Assets Investment Management LLC lifted its stake in Amazon.com by 6.2% in the fourth quarter. International Assets Investment Management LLC now owns 157,070 shares of the e-commerce giant's stock valued at $23,865,000 after buying an additional 9,108 shares during the period. Cherry Creek Investment Advisors Inc. increased its stake in Amazon.com by 1.0% in the fourth quarter. Cherry Creek Investment Advisors Inc. now owns 62,278 shares of the e-commerce giant's stock valued at $9,463,000 after purchasing an additional 616 shares in the last quarter. Gruss & Co. LLC raised its holdings in Amazon.com by 114.3% in the fourth quarter. Gruss & Co. LLC now owns 4,500 shares of the e-commerce giant's stock worth $684,000 after purchasing an additional 2,400 shares during the period. Blossom Wealth Management boosted its position in shares of Amazon.com by 30.2% during the fourth quarter. Blossom Wealth Management now owns 4,913 shares of the e-commerce giant's stock worth $746,000 after purchasing an additional 1,140 shares in the last quarter. Finally, Hendershot Investments Inc. increased its position in shares of Amazon.com by 6.4% in the 4th quarter. Hendershot Investments Inc. now owns 2,785 shares of the e-commerce giant's stock valued at $423,000 after buying an additional 167 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $177.29, for a total transaction of $620,515.00. Following the sale, the chief executive officer now directly owns 523,253 shares of the company's stock, valued at $92,767,524.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm's stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the transaction, the chief executive officer now directly owns 523,253 shares of the company's stock, valued at $92,767,524.37. The disclosure for this sale can be found here. Insiders have sold 6,107,817 shares of company stock worth $1,221,241,837 in the last 90 days. Insiders own 10.80% of the company's stock.

Amazon.com Price Performance

NASDAQ AMZN traded down $2.38 during trading on Tuesday, hitting $173.12. 29,741,072 shares of the company's stock were exchanged, compared to its average volume of 42,813,094. The company has a market cap of $1.80 trillion, a PE ratio of 48.49, a P/E/G ratio of 1.32 and a beta of 1.15. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The stock's 50 day moving average price is $183.61 and its two-hundred day moving average price is $181.09. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 22.35%. Research analysts expect that Amazon.com, Inc. will post 4.73 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AMZN shares. UBS Group boosted their target price on Amazon.com from $217.00 to $224.00 and gave the company a "buy" rating in a research note on Tuesday, July 30th. Citigroup increased their target price on Amazon.com from $235.00 to $245.00 and gave the stock a "buy" rating in a research note on Wednesday, May 1st. Barclays lifted their price target on shares of Amazon.com from $220.00 to $235.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. Maxim Group upped their price target on shares of Amazon.com from $238.00 to $251.00 and gave the company a "buy" rating in a report on Friday, August 2nd. Finally, Wells Fargo & Company dropped their price objective on shares of Amazon.com from $232.00 to $225.00 and set an "overweight" rating on the stock in a report on Monday. One investment analyst has rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $221.36.

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.