North Star Investment Management Corp. cut its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,141 shares of the e-commerce giant's stock after selling 1,802 shares during the period. Amazon.com accounts for 0.9% of North Star Investment Management Corp.'s portfolio, making the stock its 18th largest position. North Star Investment Management Corp.'s holdings in Amazon.com were worth $12,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in AMZN. Cable Hill Partners LLC raised its position in shares of Amazon.com by 0.5% during the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock worth $2,104,000 after purchasing an additional 44 shares during the period. Northern Capital Management Inc. raised its position in shares of Amazon.com by 0.6% during the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock worth $1,613,000 after purchasing an additional 45 shares during the period. White Wing Wealth Management raised its position in shares of Amazon.com by 2.4% during the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock worth $433,000 after purchasing an additional 47 shares during the period. Balanced Wealth Group LLC raised its position in shares of Amazon.com by 1.6% during the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock worth $705,000 after purchasing an additional 48 shares during the period. Finally, ETF Store Inc. raised its position in shares of Amazon.com by 2.1% during the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock worth $522,000 after purchasing an additional 48 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

In related news, SVP David Zapolsky sold 13,570 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the completion of the sale, the senior vice president directly owned 47,030 shares of the company's stock, valued at $9,519,342.30. This trade represents a 22.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 224,926 shares of the firm's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $223.56, for a total value of $50,284,456.56. Following the sale, the insider directly owned 905,454,975 shares of the company's stock, valued at $202,423,514,211. This represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,424,463 shares of company stock worth $756,747,557. 10.80% of the stock is currently owned by insiders.

AMZN has been the topic of a number of recent analyst reports. Tigress Financial boosted their target price on Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Citizens Jmp dropped their target price on Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Truist Financial dropped their target price on Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $235.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Oppenheimer upped their target price on Amazon.com from $215.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and a consensus price target of $245.81.

Check Out Our Latest Stock Analysis on AMZN

Shares of AMZN opened at $220.46 on Wednesday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The stock has a 50 day simple moving average of $204.25 and a 200-day simple moving average of $208.75. The stock has a market cap of $2.34 trillion, a PE ratio of 35.91, a PEG ratio of 1.65 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same period last year, the firm posted $0.98 EPS. The business's revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

(Free Report)

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.

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