Mather Group LLC. Trims Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Mather Group LLC. cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,565 shares of the e-commerce giant’s stock after selling 5,227 shares during the quarter. Mather Group LLC.’s holdings in Amazon.com were worth $4,131,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. State Street Corp increased its holdings in Amazon.com by 1,869.1% during the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after buying an additional 310,134,486 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Amazon.com by 1,838.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after buying an additional 295,880,050 shares during the period. FMR LLC increased its holdings in Amazon.com by 1,792.4% during the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after buying an additional 270,931,640 shares during the period. Northern Trust Corp increased its holdings in Amazon.com by 1,867.0% during the second quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock valued at $10,089,669,000 after buying an additional 90,167,792 shares during the period. Finally, Legal & General Group Plc increased its holdings in Amazon.com by 1,944.4% during the second quarter. Legal & General Group Plc now owns 59,977,393 shares of the e-commerce giant’s stock valued at $6,370,223,000 after buying an additional 57,043,701 shares during the period. 57.64% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $102.90, for a total transaction of $411,600.00. Following the sale, the chief executive officer now directly owns 529,435 shares of the company’s stock, valued at approximately $54,478,861.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Amazon.com news, CEO Adam Selipsky sold 5,100 shares of the stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total value of $568,293.00. Following the sale, the chief executive officer now directly owns 124,180 shares of the company’s stock, valued at approximately $13,837,377.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $102.90, for a total transaction of $411,600.00. Following the completion of the sale, the chief executive officer now directly owns 529,435 shares in the company, valued at $54,478,861.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 71,394 shares of company stock worth $6,994,626. 12.70% of the stock is currently owned by insiders.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $94.88 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.72. The firm has a market capitalization of $972.26 billion, a price-to-earnings ratio of -351.41, a PEG ratio of 3.74 and a beta of 1.25. The company’s 50-day moving average is $96.20 and its two-hundred day moving average is $101.99. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.12). Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The company had revenue of $149.20 billion during the quarter, compared to analyst estimates of $145.72 billion. During the same quarter in the prior year, the company posted $1.39 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. Analysts forecast that Amazon.com, Inc. will post 1.34 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AMZN. Morgan Stanley lifted their price objective on shares of Amazon.com from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, February 3rd. UBS Group raised their target price on shares of Amazon.com from $118.00 to $127.00 in a research note on Friday, February 3rd. Rosenblatt Securities raised their target price on shares of Amazon.com from $103.00 to $106.00 and gave the company a “neutral” rating in a research note on Friday, February 3rd. Needham & Company LLC restated a “buy” rating and issued a $120.00 target price on shares of Amazon.com in a research note on Friday, February 3rd. Finally, New Street Research began coverage on shares of Amazon.com in a research note on Wednesday, January 4th. They issued a “buy” rating and a $130.00 target price for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $144.87.

Amazon.com Profile

(Get Rating)

Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.