Mattern Wealth Management LLC Sells 137 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Mattern Wealth Management LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 28,435 shares of the e-commerce giant’s stock after selling 137 shares during the quarter. Amazon.com makes up 1.2% of Mattern Wealth Management LLC’s holdings, making the stock its 18th biggest holding. Mattern Wealth Management LLC’s holdings in Amazon.com were worth $5,410,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Momentous Wealth Management Inc. bought a new stake in shares of Amazon.com in the fourth quarter worth $749,000. Segall Bryant & Hamill LLC grew its stake in shares of Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock worth $69,572,000 after purchasing an additional 39,696 shares during the last quarter. Bearing Point Capital LLC bought a new stake in shares of Amazon.com in the fourth quarter worth $12,014,000. Evergreen Capital Management LLC grew its stake in shares of Amazon.com by 0.5% in the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock worth $53,213,000 after purchasing an additional 1,198 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Amazon.com by 173.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock worth $759,434,000 after purchasing an additional 2,196,353 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 1.4%

Shares of AMZN stock opened at $223.19 on Thursday. The company has a 50 day moving average of $212.21 and a 200-day moving average of $208.60. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The firm has a market cap of $2.37 trillion, a P/E ratio of 36.35, a PEG ratio of 1.69 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same quarter last year, the business posted $0.98 EPS. Amazon.com’s quarterly revenue was up 8.6% compared to the same quarter last year. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew S. Garman sold 20,923 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,602,037 shares of company stock worth $3,044,172,641. Corporate insiders own 9.70% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of several analyst reports. Wall Street Zen cut shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. BNP Paribas raised shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 27th. JMP Securities boosted their price objective on shares of Amazon.com from $250.00 to $285.00 and gave the stock a “market outperform” rating in a research note on Thursday, July 10th. Benchmark reaffirmed a “buy” rating and set a $260.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $220.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $250.35.

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.