Mathes Company Inc. Trims Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Mathes Company Inc. decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 18.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,717 shares of the e-commerce giant’s stock after selling 10,123 shares during the quarter. Amazon.com makes up 3.4% of Mathes Company Inc.’s investment portfolio, making the stock its 3rd biggest holding. Mathes Company Inc.’s holdings in Amazon.com were worth $8,318,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AMZN. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com during the fourth quarter valued at $25,000. Prudent Man Investment Management Inc. bought a new stake in Amazon.com during the fourth quarter valued at $27,000. LSV Asset Management bought a new stake in Amazon.com during the fourth quarter valued at $35,000. Cooksen Wealth LLC bought a new stake in Amazon.com during the first quarter valued at $36,000. Finally, Inlight Wealth Management LLC bought a new stake in Amazon.com during the first quarter valued at $40,000. Institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Friday, August 1st. The shares were sold at an average price of $217.00, for a total transaction of $542,500.00. Following the completion of the sale, the chief executive officer directly owned 512,050 shares of the company’s stock, valued at approximately $111,114,850. The trade was a 0.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the sale, the insider directly owned 883,779,901 shares of the company’s stock, valued at $203,649,402,587.43. This represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,102,037 shares of company stock valued at $5,674,937,048 over the last ninety days. 9.70% of the stock is currently owned by insiders.

Amazon.com Price Performance

NASDAQ:AMZN opened at $222.69 on Friday. The firm has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 33.95, a P/E/G ratio of 1.50 and a beta of 1.31. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The stock has a fifty day moving average of $219.65 and a 200 day moving average of $208.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the company earned $1.26 earnings per share. On average, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AMZN shares. Stifel Nicolaus increased their price objective on shares of Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. JPMorgan Chase & Co. increased their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Moffett Nathanson increased their price objective on shares of Amazon.com from $250.00 to $253.00 and gave the stock a “buy” rating in a research report on Tuesday, June 24th. Benchmark restated a “buy” rating and issued a $260.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Amazon.com in a report on Friday, August 1st. One research analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Buy” and an average price target of $262.45.

Amazon.com Company 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.