Matthew 25 Management Corp Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Matthew 25 Management Corp grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 23.8% during the second quarter, HoldingsChannel reports. The fund owned 3,900 shares of the e-commerce giant’s stock after acquiring an additional 750 shares during the quarter. Amazon.com comprises about 3.7% of Matthew 25 Management Corp’s holdings, making the stock its 14th largest position. Matthew 25 Management Corp’s holdings in Amazon.com were worth $13,417,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AMZN. Laurel Wealth Planning LLC grew its stake in Amazon.com by 57.1% during the 2nd quarter. Laurel Wealth Planning LLC now owns 22 shares of the e-commerce giant’s stock worth $76,000 after buying an additional 8 shares during the last quarter. Newfound Research LLC grew its stake in Amazon.com by 62.5% during the 2nd quarter. Newfound Research LLC now owns 26 shares of the e-commerce giant’s stock worth $89,000 after buying an additional 10 shares during the last quarter. Horan Securities Inc. grew its stake in Amazon.com by 125.0% during the 2nd quarter. Horan Securities Inc. now owns 27 shares of the e-commerce giant’s stock worth $92,000 after buying an additional 15 shares during the last quarter. regents capital Ltd purchased a new position in Amazon.com during the 1st quarter worth $105,000. Finally, Strategic Point Investment Advisors LLC purchased a new position in Amazon.com during the 2nd quarter worth $131,000. Institutional investors and hedge funds own 57.67% of the company’s stock.

Several research analysts recently weighed in on AMZN shares. Morgan Stanley dropped their target price on Amazon.com from $4,300.00 to $4,100.00 and set an “overweight” rating on the stock in a research note on Monday, September 27th. Bank of America dropped their price target on Amazon.com from $4,350.00 to $4,250.00 and set a “buy” rating on the stock in a research note on Friday, July 30th. Wedbush reiterated a “buy” rating and set a $4,300.00 price target on shares of Amazon.com in a research note on Monday, July 26th. Stifel Nicolaus reiterated a “buy” rating on shares of Amazon.com in a research note on Friday, July 30th. Finally, The Goldman Sachs Group assumed coverage on Amazon.com in a research note on Monday, September 13th. They set a “buy” rating and a $4,250.00 price target on the stock. One analyst has rated the stock with a hold rating and thirty-nine have given a buy rating to the company. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Buy” and a consensus target price of $4,155.72.

In other news, VP Shelley Reynolds sold 222 shares of the company’s stock in a transaction that occurred on Monday, August 16th. The stock was sold at an average price of $3,283.00, for a total value of $728,826.00. Following the completion of the sale, the vice president now directly owns 6,211 shares in the company, valued at $20,390,713. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan Rubinstein sold 286 shares of the stock in a transaction that occurred on Wednesday, September 1st. The stock was sold at an average price of $3,500.00, for a total value of $1,001,000.00. The disclosure for this sale can be found here. Insiders sold 4,220 shares of company stock valued at $13,881,341 over the last 90 days. Company insiders own 14.00% of the company’s stock.

NASDAQ:AMZN traded up $19.54 during trading hours on Thursday, hitting $3,303.82. 99,123 shares of the stock were exchanged, compared to its average volume of 3,420,634. Amazon.com, Inc. has a 52-week low of $2,881.00 and a 52-week high of $3,773.08. The firm’s fifty day moving average price is $3,352.11 and its 200 day moving average price is $3,371.50. The company has a current ratio of 1.20, a quick ratio of 0.99 and a debt-to-equity ratio of 0.44. The company has a market cap of $1.67 trillion, a P/E ratio of 57.66, a P/E/G ratio of 2.41 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Wednesday, July 28th. The e-commerce giant reported $15.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $12.22 by $2.90. The business had revenue of $113.08 billion during the quarter, compared to analyst estimates of $115.08 billion. Amazon.com had a return on equity of 29.86% and a net margin of 6.64%. Equities analysts expect that Amazon.com, Inc. will post 52.18 EPS for the current fiscal year.

Amazon.com Company Profile

Amazon.com, Inc engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca.

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

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