Matrix Private Capital Group LLC Sells 262 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on Jun 13th, 2023

Matrix Private Capital Group LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,130 shares of the e-commerce giant’s stock after selling 262 shares during the period. Matrix Private Capital Group LLC’s holdings in Amazon.com were worth $1,019,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Amazon.com by 1.8% during the third quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock worth $79,275,249,000 after buying an additional 12,456,995 shares in the last quarter. State Street Corp grew its holdings in Amazon.com by 1.0% during the third quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock worth $37,272,937,000 after buying an additional 3,121,516 shares in the last quarter. Price T Rowe Associates Inc. MD boosted 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 worth $33,134,481,000 after purchasing an additional 295,880,050 shares during the last quarter. FMR LLC boosted 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 worth $30,381,089,000 after purchasing an additional 270,931,640 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Amazon.com by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 161,534,790 shares of the e-commerce giant’s stock worth $13,541,345,000 after purchasing an additional 3,875,615 shares during the last quarter. 57.64% of the stock is currently owned by institutional investors.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $126.27, for a total transaction of $63,135.00. Following the transaction, the chief executive officer now owns 152,780 shares of the company’s stock, valued at approximately $19,291,530.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $102.25, for a total transaction of $409,000.00. Following the completion of the sale, the chief executive officer now directly owns 556,298 shares in the company, valued at approximately $56,881,470.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $126.27, for a total transaction of $63,135.00. Following the sale, the chief executive officer now owns 152,780 shares of the company’s stock, valued at $19,291,530.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 75,644 shares of company stock valued at $8,576,262. Insiders own 12.70% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $126.57 on Tuesday. The company has a market capitalization of $1.30 trillion, a P/E ratio of 301.36, a P/E/G ratio of 2.40 and a beta of 1.26. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.69 and a current ratio of 0.92. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $146.57. The company has a fifty day moving average of $110.81 and a 200-day moving average of $100.14.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. The company had revenue of $127.36 billion for the quarter, compared to analysts’ expectations of $124.57 billion. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. Amazon.com’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm posted $0.21 EPS. As a group, equities research analysts predict that Amazon.com, Inc. will post 1.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price target on Amazon.com from $125.00 to $130.00 in a report on Friday, April 28th. Sanford C. Bernstein raised their price objective on shares of Amazon.com from $125.00 to $140.00 in a report on Wednesday, May 31st. JPMorgan Chase & Co. boosted their target price on shares of Amazon.com from $135.00 to $145.00 in a research note on Friday, April 28th. StockNews.com began coverage on shares of Amazon.com in a research note on Thursday, May 18th. They set a “hold” rating for the company. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price objective on shares of Amazon.com in a research note on Wednesday, April 12th. Three research analysts have rated the stock with a hold rating and forty-one have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $145.28.

About Amazon.com

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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.