Matisse Capital Cuts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Matisse Capital lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 12.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 13,098 shares of the e-commerce giant’s stock after selling 1,900 shares during the period. Amazon.com comprises 1.5% of Matisse Capital’s holdings, making the stock its 11th biggest position. Matisse Capital’s holdings in Amazon.com were worth $2,874,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMZN. International Assets Investment Management LLC lifted its holdings in Amazon.com by 20,897.2% during the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock worth $72,921,080,000 after buying an additional 38,949,065 shares during the period. Parnassus Investments LLC raised its position in shares of Amazon.com by 82,457.3% in the 3rd quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock worth $2,125,148,000 after acquiring an additional 11,391,479 shares in the last quarter. State Street Corp lifted its stake in shares of Amazon.com by 3.3% during the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock worth $66,926,008,000 after purchasing an additional 11,370,309 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Amazon.com by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock worth $37,116,341,000 after purchasing an additional 6,545,944 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Amazon.com during the third quarter valued at about $492,144,000. 72.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the transaction, the chief executive officer now owns 524,567 shares in the company, valued at approximately $110,159,070. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,149 shares of company stock valued at $24,606,905 in the last 90 days. 10.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on AMZN shares. Benchmark boosted their target price on shares of Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Wedbush reiterated an “outperform” rating and set a $280.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Royal Bank of Canada raised their target price on shares of Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Monness Crespi & Hardt lifted their price target on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Bank of America increased their price objective on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $260.65.

Amazon.com Trading Up 0.7 %

AMZN stock opened at $214.35 on Thursday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The business’s 50-day moving average is $226.99 and its 200 day moving average is $205.27. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.27 trillion, a price-to-earnings ratio of 38.76, a PEG ratio of 1.50 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.