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

Northeast Financial Group Inc. grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,331 shares of the e-commerce giant’s stock after acquiring an additional 1,504 shares during the quarter. Amazon.com comprises approximately 1.0% of Northeast Financial Group Inc.’s investment portfolio, making the stock its 21st largest holding. Northeast Financial Group Inc.’s holdings in Amazon.com were worth $2,670,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. PayPay Securities Corp lifted its holdings in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares during the period. Hoese & Co LLP purchased a new position in Amazon.com during the 3rd quarter worth approximately $37,000. Bull Oak Capital LLC acquired a new stake in Amazon.com during the 3rd quarter valued at approximately $45,000. Christopher J. Hasenberg Inc boosted its holdings in shares of Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 260 shares during the last quarter. Finally, Values First Advisors Inc. acquired a new stake in shares of Amazon.com in the third quarter worth $56,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Down 0.9 %

Shares of AMZN stock opened at $227.05 on Friday. The company’s 50-day moving average price is $209.04 and its 200-day moving average price is $192.55. Amazon.com, Inc. has a twelve month low of $144.05 and a twelve month high of $233.00. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.39 trillion, a price-to-earnings ratio of 48.62, a PEG ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter last year, the firm earned $0.85 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Insider Activity at Amazon.com

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 value of $1,132,366.62. Following the transaction, the chief executive officer now owns 518,911 shares of the company’s stock, valued at $106,797,072.91. This represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AMZN shares. Rosenblatt Securities upped their price target on shares of Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a report on Friday, November 1st. TD Cowen upped their target price on Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Piper Sandler lifted their price target on Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Monness Crespi & Hardt boosted their price target on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $197.00 target price on shares of Amazon.com in a report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $243.00.

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.