Northeast Financial Group Inc. Reduces Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Northeast Financial Group Inc. decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 11.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,655 shares of the e-commerce giant's stock after selling 1,676 shares during the period. Amazon.com accounts for 1.0% of Northeast Financial Group Inc.'s portfolio, making the stock its 22nd largest position. Northeast Financial Group Inc.'s holdings in Amazon.com were worth $2,776,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Fiera Capital Corp raised its holdings in Amazon.com by 12.5% in the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant's stock worth $77,515,000 after buying an additional 44,615 shares during the last quarter. Beck Bode LLC bought a new stake in shares of Amazon.com during the second quarter valued at approximately $651,000. Tairen Capital Ltd raised its holdings in Amazon.com by 1,177.9% in the 2nd quarter. Tairen Capital Ltd now owns 1,768,335 shares of the e-commerce giant's stock worth $341,731,000 after acquiring an additional 1,629,959 shares during the last quarter. Xponance Inc. lifted its position in Amazon.com by 2.6% in the 2nd quarter. Xponance Inc. now owns 2,209,547 shares of the e-commerce giant's stock valued at $426,995,000 after acquiring an additional 55,851 shares in the last quarter. Finally, Marietta Investment Partners LLC boosted its stake in Amazon.com by 32.3% during the 2nd quarter. Marietta Investment Partners LLC now owns 36,409 shares of the e-commerce giant's stock valued at $7,036,000 after purchasing an additional 8,885 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the transaction, the chief executive officer now directly owns 524,567 shares of the company's stock, valued at $110,159,070. This represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares of the company's stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,852 shares of company stock worth $9,324,151. 10.80% of the stock is owned by insiders.

Amazon.com Stock Performance

AMZN traded down $6.30 during trading on Friday, hitting $216.58. 55,147,843 shares of the stock were exchanged, compared to its average volume of 35,392,852. The stock has a fifty day moving average price of $228.10 and a two-hundred day moving average price of $203.58. The firm has a market capitalization of $2.30 trillion, a P/E ratio of 39.16, a PEG ratio of 1.57 and a beta of 1.15. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMZN has been the subject of several recent analyst reports. Raymond James boosted their price target on Amazon.com from $260.00 to $275.00 in a research note on Monday, February 10th. Redburn Atlantic boosted their target price on Amazon.com from $225.00 to $235.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Sanford C. Bernstein raised their price target on shares of Amazon.com from $235.00 to $265.00 and gave the company an "outperform" rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $250.00 to $280.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. Finally, TD Cowen raised their target price on shares of Amazon.com from $240.00 to $265.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and a consensus target price of $260.74.

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.