Mather Group LLC. Grows Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Mather Group LLC increased its holdings in Amazon.com, Inc. by 24.8% during the first quarter, totaling $11.70 million in stock with 61,504 shares owned.
• Several institutional investors, including Alta Advisers Ltd and Heritage Investment Group Inc., have also boosted their stakes, showing strong confidence in Amazon, which is 72.20% owned by such investors.
• Wall Street analysts are optimistic about Amazon's future, with multiple firms raising their price targets, resulting in an average target price of $254.33 and an overall rating of "Moderate Buy."

Mather Group LLC. grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 24.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,504 shares of the e-commerce giant's stock after buying an additional 12,214 shares during the quarter. Mather Group LLC.'s holdings in Amazon.com were worth $11,702,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com in the fourth quarter worth approximately $27,000. LSV Asset Management purchased a new stake in Amazon.com in the fourth quarter worth approximately $35,000. Perritt Capital Management Inc boosted its holdings in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares during the last quarter. Inlight Wealth Management LLC purchased a new stake in Amazon.com in the first quarter worth approximately $40,000. Finally, Capitol Family Office Inc. purchased a new stake in Amazon.com in the first quarter worth approximately $42,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

AMZN has been the topic of several analyst reports. Westpark Capital reiterated a "buy" rating and set a $280.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. BNP Paribas upgraded shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Bank of America lifted their price target on shares of Amazon.com from $248.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Roth Capital set a $250.00 price target on shares of Amazon.com and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Finally, Evercore ISI dropped their price target on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Three analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and a consensus target price of $255.21.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 25,102,037 shares of company stock worth $5,674,871,223. Corporate insiders own 9.70% of the company's stock.

Amazon.com Trading Down 0.8%

NASDAQ:AMZN traded down $1.89 during mid-day trading on Tuesday, hitting $230.90. 8,528,015 shares of the stock traded hands, compared to its average volume of 43,771,383. The stock has a market capitalization of $2.45 trillion, a price-to-earnings ratio of 37.61, a PEG ratio of 1.72 and a beta of 1.33. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The firm's 50 day moving average is $216.19 and its two-hundred day moving average is $208.82. 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 (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm's revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.98 EPS. On average, equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current 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.