Mathes Company Inc. Reduces Holdings in Amazon.com, Inc. (AMZN)

Mathes Company Inc. cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 43.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,871 shares of the e-commerce giant’s stock after selling 5,217 shares during the period. Amazon.com comprises about 3.1% of Mathes Company Inc.’s holdings, making the stock its 2nd largest holding. Mathes Company Inc.’s holdings in Amazon.com were worth $6,605,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in AMZN. Harbour Capital Advisors LLC boosted its holdings in Amazon.com by 100,947.5% in the second quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock valued at $2,379,000 after purchasing an additional 2,300,593 shares during the period. Janus Henderson Group PLC boosted its holdings in Amazon.com by 1,045.8% in the second quarter. Janus Henderson Group PLC now owns 1,775,556 shares of the e-commerce giant’s stock valued at $1,718,711,000 after purchasing an additional 1,620,588 shares during the period. Vanguard Group Inc. boosted its holdings in Amazon.com by 2.9% in the second quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock valued at $26,003,758,000 after purchasing an additional 764,115 shares during the period. BlackRock Inc. boosted its holdings in Amazon.com by 2.4% in the second quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock valued at $23,160,193,000 after purchasing an additional 554,990 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Amazon.com by 125.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 822,827 shares of the e-commerce giant’s stock valued at $796,497,000 after purchasing an additional 457,300 shares during the period. Hedge funds and other institutional investors own 59.78% of the company’s stock.

Shares of Amazon.com, Inc. (NASDAQ AMZN) traded up $28.52 during mid-day trading on Friday, reaching $1,305.20. The company had a trading volume of 5,434,054 shares, compared to its average volume of 3,250,000. The firm has a market cap of $628,940.00, a PE ratio of 329.60, a PEG ratio of 7.60 and a beta of 1.46. Amazon.com, Inc. has a 1 year low of $803.00 and a 1 year high of $1,305.76. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.03 and a quick ratio of 0.74.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.57). The company had revenue of $43.74 billion during the quarter, compared to analyst estimates of $42.26 billion. Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The business’s revenue was up 33.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 EPS. equities research analysts predict that Amazon.com, Inc. will post 4.24 earnings per share for the current year.

In other Amazon.com news, Director Tom A. Alberg sold 1,860 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $1,109.20, for a total transaction of $2,063,112.00. Following the transaction, the director now owns 18,460 shares in the company, valued at approximately $20,475,832. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey P. Bezos sold 391,110 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the transaction, the chief executive officer now owns 79,891,433 shares in the company, valued at approximately $88,162,593,058.49. The disclosure for this sale can be found here. Insiders sold a total of 402,338 shares of company stock worth $444,391,701 in the last 90 days. 17.70% of the stock is currently owned by insiders.

AMZN has been the subject of a number of recent research reports. Stifel Nicolaus reiterated a “buy” rating and issued a $1,100.00 target price on shares of Amazon.com in a report on Tuesday, October 24th. Loop Capital set a $1,200.00 target price on Amazon.com and gave the company a “buy” rating in a report on Friday, October 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $1,250.00 price target (up from $1,150.00) on shares of Amazon.com in a report on Friday, October 27th. Cantor Fitzgerald lifted their price target on Amazon.com to $1,360.00 and gave the stock an “overweight” rating in a report on Friday, October 27th. They noted that the move was a valuation call. Finally, Vetr downgraded Amazon.com from a “buy” rating to a “hold” rating and set a $1,277.08 price target for the company. in a report on Monday, January 8th. Four equities research analysts have rated the stock with a hold rating and fifty-one have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $1,262.35.

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Amazon.com Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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