Mather Group LLC. Has $8.48 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Mather Group LLC. cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 45.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,521 shares of the e-commerce giant’s stock after selling 37,653 shares during the quarter. Mather Group LLC.’s holdings in Amazon.com were worth $8,482,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in AMZN. Coston McIsaac & Partners grew its position in Amazon.com by 2.8% during the first quarter. Coston McIsaac & Partners now owns 2,869 shares of the e-commerce giant’s stock worth $517,000 after buying an additional 79 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its stake in Amazon.com by 2.3% during the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 8,230 shares of the e-commerce giant’s stock worth $1,485,000 after purchasing an additional 187 shares during the period. Brown Miller Wealth Management LLC lifted its stake in Amazon.com by 1.2% during the first quarter. Brown Miller Wealth Management LLC now owns 18,968 shares of the e-commerce giant’s stock worth $3,421,000 after purchasing an additional 221 shares during the period. Fox Hill Wealth Management lifted its stake in Amazon.com by 3.5% during the first quarter. Fox Hill Wealth Management now owns 21,743 shares of the e-commerce giant’s stock worth $3,922,000 after purchasing an additional 743 shares during the period. Finally, Foguth Wealth Management LLC. bought a new position in Amazon.com during the first quarter worth about $1,799,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at $8,820,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at $8,820,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the 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 transaction, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,855 shares of company stock valued at $9,215,048. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $197.93 on Monday. The firm has a market cap of $2.08 trillion, a PE ratio of 42.38, a PEG ratio of 1.42 and a beta of 1.14. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 1-year low of $136.47 and a 1-year high of $201.20. The company has a fifty day moving average price of $184.82 and a 200 day moving average price of $183.77.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on AMZN shares. Truist Financial raised their price target on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday. Wolfe Research initiated coverage on shares of Amazon.com in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 target price for the company. Wedbush lifted their target price on shares of Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday. Sanford C. Bernstein raised their price target on shares of Amazon.com from $225.00 to $235.00 and gave the company an “outperform” rating in a report on Friday. Finally, Susquehanna raised their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a report on Friday. Two research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $246.02.

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.