Matrix Asset Advisors Inc. NY Has $22.73 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Matrix Asset Advisors Inc. NY lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 119,490 shares of the e-commerce giant's stock after selling 1,252 shares during the quarter. Amazon.com makes up approximately 2.5% of Matrix Asset Advisors Inc. NY's investment portfolio, making the stock its 15th largest position. Matrix Asset Advisors Inc. NY's holdings in Amazon.com were worth $22,734,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AMZN. Norges Bank acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $27,266,582,000. GAMMA Investing LLC increased its position in shares of Amazon.com by 21,420.5% in the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after acquiring an additional 30,104,520 shares during the last quarter. Capital World Investors increased its position in shares of Amazon.com by 36.8% in the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after acquiring an additional 17,681,004 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after acquiring an additional 17,635,391 shares during the last quarter. Finally, Proficio Capital Partners LLC increased its position in shares of Amazon.com by 17,054.5% in the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock valued at $2,652,116,000 after acquiring an additional 12,018,120 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling

In other news, CEO Matthew S. Garman sold 20,923 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 3,100,000 shares of the stock in a transaction on Friday, June 27th. The shares were sold at an average price of $221.42, for a total value of $686,402,000.00. Following the completion of the transaction, the insider owned 905,679,901 shares of the company's stock, valued at $200,535,643,679.42. The trade was a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,886,613 shares of company stock worth $1,531,840,610 in the last ninety days. Insiders own 9.70% of the company's stock.

Analyst Ratings Changes

AMZN has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target on Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Royal Bank Of Canada lowered their price target on Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Barclays lowered their price target on Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Piper Sandler boosted their price target on Amazon.com from $212.00 to $250.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, The Goldman Sachs Group lowered their price target on Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and an average target price of $249.42.

Amazon.com Stock Up 1.2%

NASDAQ AMZN opened at $225.02 on Friday. The business has a fifty day moving average price of $209.90 and a two-hundred day moving average price of $208.63. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The stock has a market capitalization of $2.39 trillion, a PE ratio of 36.65, a PEG ratio of 1.67 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same period in the prior year, the company earned $0.98 earnings per share. The company's quarterly revenue was up 8.6% on a year-over-year basis. Equities analysts expect 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.

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