Matrix Trust Co Buys 306 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Matrix Trust Co boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 38.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,099 shares of the e-commerce giant’s stock after buying an additional 306 shares during the quarter. Matrix Trust Co’s holdings in Amazon.com were worth $209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in AMZN. Johnson & White Wealth Management LLC raised its holdings in shares of Amazon.com by 1.0% during the first quarter. Johnson & White Wealth Management LLC now owns 8,952 shares of the e-commerce giant’s stock valued at $1,703,000 after acquiring an additional 88 shares in the last quarter. Long Run Wealth Advisors LLC boosted its position in shares of Amazon.com by 23.1% during the first quarter. Long Run Wealth Advisors LLC now owns 20,284 shares of the e-commerce giant’s stock valued at $3,859,000 after buying an additional 3,810 shares during the last quarter. TruWealth Advisors LLC boosted its position in shares of Amazon.com by 0.6% during the first quarter. TruWealth Advisors LLC now owns 177,481 shares of the e-commerce giant’s stock valued at $33,768,000 after buying an additional 1,126 shares during the last quarter. Veracity Capital LLC boosted its position in Amazon.com by 0.3% in the first quarter. Veracity Capital LLC now owns 21,493 shares of the e-commerce giant’s stock worth $4,089,000 after purchasing an additional 63 shares during the last quarter. Finally, Sendero Wealth Management LLC boosted its position in Amazon.com by 13.7% in the first quarter. Sendero Wealth Management LLC now owns 103,552 shares of the e-commerce giant’s stock worth $19,702,000 after purchasing an additional 12,445 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on AMZN. Westpark Capital reaffirmed a “buy” rating and issued a $280.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Bank of America lifted their target price on Amazon.com from $230.00 to $248.00 and gave the stock a “buy” rating in a report on Monday, June 2nd. Scotiabank dropped their price objective on Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating for the company in a report on Monday, April 21st. BNP Paribas raised Amazon.com to a “hold” rating in a research report on Wednesday, April 30th. Finally, DA Davidson reduced their price target on Amazon.com from $280.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $244.89.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $216.10 on Tuesday. The business’s 50 day simple moving average is $196.38 and its 200-day simple moving average is $209.26. The firm has a market capitalization of $2.29 trillion, a price-to-earnings ratio of 39.08, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the previous year, the company earned $0.98 EPS. The company’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $204.98, for a total value of $512,450.00. Following the sale, the chief executive officer now owns 517,050 shares of the company’s stock, valued at approximately $105,984,909. This represents a 0.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total value of $2,746,703.70. Following the completion of the sale, the senior vice president now directly owns 47,030 shares in the company, valued at approximately $9,519,342.30. The trade was a 22.39% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,037 shares of company stock valued at $20,531,075. 9.70% of the stock is owned by corporate insiders.

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.