Mattern Capital Management LLC Sells 376 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Mattern Capital Management LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,894 shares of the e-commerce giant’s stock after selling 376 shares during the period. Mattern Capital Management LLC’s holdings in Amazon.com were worth $2,390,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Parcion Private Wealth LLC raised its stake in Amazon.com by 1.6% in the fourth quarter. Parcion Private Wealth LLC now owns 64,537 shares of the e-commerce giant’s stock worth $14,159,000 after buying an additional 1,009 shares in the last quarter. O Brien Greene & Co. Inc bought a new position in Amazon.com in the fourth quarter worth approximately $271,000. Bear Mountain Capital Inc. raised its stake in Amazon.com by 2.4% in the fourth quarter. Bear Mountain Capital Inc. now owns 11,887 shares of the e-commerce giant’s stock worth $2,798,000 after buying an additional 280 shares in the last quarter. Morningstar Investment Management LLC raised its stake in Amazon.com by 32.8% in the fourth quarter. Morningstar Investment Management LLC now owns 78,397 shares of the e-commerce giant’s stock worth $17,200,000 after buying an additional 19,364 shares in the last quarter. Finally, Able Wealth Management LLC raised its stake in Amazon.com by 9.0% in the fourth quarter. Able Wealth Management LLC now owns 1,969 shares of the e-commerce giant’s stock worth $432,000 after buying an additional 162 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 5,501 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the transaction, the chief executive officer now owns 505,318 shares in the company, valued at $115,434,843.92. This represents a 1.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Zapolsky sold 19,212 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the sale, the senior vice president now directly owns 49,950 shares of the company’s stock, valued at approximately $10,864,125. This represents a 27.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock worth $22,871,828 in the last 90 days. Insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Redburn Atlantic boosted their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Scotiabank lifted their price target on shares of Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. HSBC lifted their price target on shares of Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Finally, Roth Mkm lifted their price target on shares of Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $260.65.

Amazon.com Trading Up 0.6 %

Shares of Amazon.com stock opened at $196.21 on Friday. The firm has a 50-day simple moving average of $218.90 and a two-hundred day simple moving average of $207.97. The company has a market cap of $2.08 trillion, a P/E ratio of 35.48, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share 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.