Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Mattson Financial Services LLC

Mattson Financial Services LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 42,192 shares of the e-commerce giant’s stock after selling 288 shares during the quarter. Amazon.com accounts for about 2.8% of Mattson Financial Services LLC’s portfolio, making the stock its 2nd largest position. Mattson Financial Services LLC’s holdings in Amazon.com were worth $8,154,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Country Trust Bank raised its position in Amazon.com by 1.2% during the 3rd quarter. Country Trust Bank now owns 634,185 shares of the e-commerce giant’s stock worth $118,168,000 after purchasing an additional 7,244 shares during the last quarter. Sugarloaf Wealth Management LLC raised its position in Amazon.com by 387.7% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 24,059 shares of the e-commerce giant’s stock worth $4,483,000 after purchasing an additional 19,126 shares during the last quarter. Park Place Capital Corp raised its position in Amazon.com by 3.7% during the 3rd quarter. Park Place Capital Corp now owns 21,966 shares of the e-commerce giant’s stock worth $4,093,000 after purchasing an additional 776 shares during the last quarter. Atomi Financial Group Inc. raised its position in Amazon.com by 33.3% during the 3rd quarter. Atomi Financial Group Inc. now owns 97,257 shares of the e-commerce giant’s stock worth $18,122,000 after purchasing an additional 24,316 shares during the last quarter. Finally, Traveka Wealth LLC raised its position in Amazon.com by 4.5% during the 3rd quarter. Traveka Wealth LLC now owns 13,558 shares of the e-commerce giant’s stock worth $2,526,000 after purchasing an additional 584 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a report on Friday. TD Securities raised their target price on Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Susquehanna raised their target price on Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research note on Friday. Morgan Stanley raised their target price on Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Monness Crespi & Hardt raised their target price on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday. Two analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $246.48.

Amazon.com Trading Down 1.1 %

NASDAQ AMZN opened at $195.78 on Tuesday. The stock’s fifty day moving average price is $185.23 and its 200-day moving average price is $183.89. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.05 trillion, a P/E ratio of 41.92, a P/E/G ratio of 1.42 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $138.36 and a 12 month high of $201.20.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 23.46%. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the previous year, the company earned $0.85 earnings per share. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, equities analysts forecast that Amazon.com, Inc. will post 4.84 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,855 shares of company stock worth $9,215,048 in the last ninety days. Insiders own 10.80% of the company’s stock.

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.