Mathes Company Inc. Has $10.20 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Mathes Company Inc. cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 6.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,744 shares of the e-commerce giant’s stock after selling 3,861 shares during the period. Amazon.com comprises 3.6% of Mathes Company Inc.’s holdings, making the stock its 4th largest holding. Mathes Company Inc.’s holdings in Amazon.com were worth $10,200,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in AMZN. Visionary Horizons LLC increased its position in shares of Amazon.com by 36.6% during the 3rd quarter. Visionary Horizons LLC now owns 4,356 shares of the e-commerce giant’s stock valued at $812,000 after purchasing an additional 1,167 shares during the last quarter. Lakeside Advisors INC. boosted its stake in Amazon.com by 9.7% during the third quarter. Lakeside Advisors INC. now owns 2,260 shares of the e-commerce giant’s stock worth $421,000 after buying an additional 200 shares during the period. Tower Wealth Partners Inc. increased its position in Amazon.com by 4.1% during the third quarter. Tower Wealth Partners Inc. now owns 4,657 shares of the e-commerce giant’s stock valued at $868,000 after acquiring an additional 183 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Amazon.com by 13.4% in the third quarter. Farther Finance Advisors LLC now owns 150,089 shares of the e-commerce giant’s stock valued at $27,967,000 after acquiring an additional 17,758 shares during the period. Finally, Dash Acquisitions Inc. lifted its holdings in shares of Amazon.com by 4.7% in the 3rd quarter. Dash Acquisitions Inc. now owns 166,354 shares of the e-commerce giant’s stock worth $31,246,000 after acquiring an additional 7,542 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This represents a 3.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the transaction, the insider now directly owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,030,183 shares of company stock valued at $1,252,883,795 in the last ninety days. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $227.03 on Monday. The company has a 50 day moving average price of $197.39 and a 200 day moving average price of $188.15. The firm has a market capitalization of $2.39 trillion, a P/E ratio of 48.61, a PEG ratio of 1.46 and a beta of 1.16. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 52 week low of $143.64 and a 52 week high of $227.15.

Amazon.com (NASDAQ:AMZN) last posted its quarterly 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 return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. Sell-side analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on AMZN shares. Evercore ISI upped their price target on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Truist Financial upped their target price on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Pivotal Research started coverage on Amazon.com in a research note on Friday, October 11th. They set a “buy” rating and a $260.00 price target for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $230.00 price objective on shares of Amazon.com in a research report on Monday, October 7th. Finally, TD Cowen lifted their target price on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.20.

Amazon.com Profile

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.