Mattson Financial Services LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 16.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,312 shares of the e-commerce giant's stock after purchasing an additional 7,471 shares during the quarter. Amazon.com accounts for approximately 3.0% of Mattson Financial Services LLC's investment portfolio, making the stock its largest position. Mattson Financial Services LLC's holdings in Amazon.com were worth $10,143,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. BOS Asset Management LLC lifted its stake in Amazon.com by 5.5% during the 1st quarter. BOS Asset Management LLC now owns 5,707 shares of the e-commerce giant's stock valued at $1,086,000 after acquiring an additional 300 shares in the last quarter. Chelsea Counsel Co. increased its holdings in Amazon.com by 9.2% in the 1st quarter. Chelsea Counsel Co. now owns 11,883 shares of the e-commerce giant's stock worth $2,261,000 after acquiring an additional 1,000 shares during the last quarter. Indiana Trust & Investment Management Co increased its holdings in Amazon.com by 0.9% in the 1st quarter. Indiana Trust & Investment Management Co now owns 43,248 shares of the e-commerce giant's stock worth $8,228,000 after acquiring an additional 385 shares during the last quarter. MBL Wealth LLC increased its holdings in Amazon.com by 8.8% in the 1st quarter. MBL Wealth LLC now owns 24,673 shares of the e-commerce giant's stock worth $4,694,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in Amazon.com by 51.1% in the 1st quarter. Acadian Asset Management LLC now owns 4,541,012 shares of the e-commerce giant's stock worth $863,937,000 after acquiring an additional 1,536,162 shares during the last quarter. Institutional investors own 72.20% of the company's stock.
Analyst Upgrades and Downgrades
AMZN has been the topic of several analyst reports. The Goldman Sachs Group reiterated a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Scotiabank boosted their price objective on Amazon.com from $250.00 to $275.00 and gave the stock a "sector outperform" rating in a report on Tuesday, July 22nd. Benchmark reissued a "buy" rating and set a $260.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Pivotal Research boosted their price objective on Amazon.com from $260.00 to $285.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, DA Davidson boosted their price objective on Amazon.com from $230.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, August 1st. One investment analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $262.87.
Read Our Latest Analysis on Amazon.com
Amazon.com Price Performance
NASDAQ:AMZN traded up $0.46 during trading hours on Monday, reaching $231.49. The stock had a trading volume of 25,198,677 shares, compared to its average volume of 48,085,640. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The company has a 50 day moving average price of $221.70 and a two-hundred day moving average price of $208.21. The stock has a market capitalization of $2.47 trillion, a PE ratio of 35.29, a PEG ratio of 1.56 and a beta of 1.31.
Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The company's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 EPS. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.
Insider Buying and Selling at Amazon.com
In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 25,096,253 shares of company stock worth $5,673,745,409. Insiders own 10.80% of the company's stock.
About Amazon.com
(
Free Report)
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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