Mattern Wealth Management LLC Has $6.19 Million Stock Holdings in Amazon.com, Inc. $AMZN

Mattern Wealth Management LLC lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,220 shares of the e-commerce giant’s stock after selling 215 shares during the quarter. Amazon.com comprises approximately 1.3% of Mattern Wealth Management LLC’s holdings, making the stock its 17th largest holding. Mattern Wealth Management LLC’s holdings in Amazon.com were worth $6,191,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in AMZN. Kingstone Capital Partners Texas LLC lifted its stake in shares of Amazon.com by 542,733.6% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock valued at $29,100,194,000 after purchasing an additional 132,616,953 shares during the period. Nuveen LLC bought a new stake in shares of Amazon.com in the 1st quarter valued at $11,674,091,000. Goldman Sachs Group Inc. increased its position in shares of Amazon.com by 21.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock valued at $11,017,657,000 after buying an additional 10,176,835 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Amazon.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock valued at $158,348,557,000 after buying an additional 8,913,959 shares in the last quarter. Finally, Amundi increased its position in shares of Amazon.com by 15.1% in the 1st quarter. Amundi now owns 55,337,037 shares of the e-commerce giant’s stock valued at $9,884,098,000 after buying an additional 7,267,277 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 2,715 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total transaction of $601,752.60. Following the completion of the sale, the vice president directly owned 119,780 shares in the company, valued at $26,548,039.20. This trade represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the sale, the chief executive officer owned 2,178,502 shares of the company’s stock, valued at $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,864,716 shares of company stock valued at $2,486,013,854. Company insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on AMZN. Cantor Fitzgerald upped their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Wedbush restated an “outperform” rating and issued a $250.00 price objective on shares of Amazon.com in a research report on Friday, September 19th. Moffett Nathanson upped their price objective on shares of Amazon.com from $250.00 to $253.00 and gave the company a “buy” rating in a research report on Tuesday, June 24th. Wall Street Zen upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Finally, Pivotal Research upped their price objective on shares of Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $266.26.

Amazon.com Trading Up 1.7%

Amazon.com stock opened at $220.07 on Tuesday. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company has a market cap of $2.35 trillion, a price-to-earnings ratio of 33.55, a P/E/G ratio of 1.43 and a beta of 1.28. The firm has a 50-day moving average of $226.10 and a 200-day moving average of $212.16. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81.

Amazon.com (NASDAQ:AMZN) last issued its earnings results 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. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same period last year, the business posted $1.26 EPS. Amazon.com’s revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.