Amazon.com, Inc. (NASDAQ:AMZN) Stake Lifted by Sage Advisors LLC

Sage Advisors LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,125 shares of the e-commerce giant’s stock after purchasing an additional 2,770 shares during the period. Amazon.com makes up approximately 3.7% of Sage Advisors LLC’s portfolio, making the stock its 8th biggest holding. Sage Advisors LLC’s holdings in Amazon.com were worth $4,682,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. PayPay Securities Corp increased its position in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares in the last quarter. Hoese & Co LLP purchased a new stake in Amazon.com during the 3rd quarter worth approximately $37,000. Bull Oak Capital LLC acquired a new stake in shares of Amazon.com during the third quarter worth approximately $45,000. Christopher J. Hasenberg Inc raised its holdings in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 260 shares in the last quarter. Finally, Values First Advisors Inc. bought a new stake in Amazon.com in the third quarter valued at about $56,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Amazon.com news, CEO Matthew S. Garman sold 15,260 shares of Amazon.com stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the sale, the chief executive officer now directly owns 349,261 shares in the company, valued at approximately $69,918,559.59. The trade was a 4.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 1.5 %

Shares of NASDAQ:AMZN opened at $223.75 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The stock’s fifty day moving average price is $209.73 and its 200-day moving average price is $192.81. Amazon.com, Inc. has a 1 year low of $144.05 and a 1 year high of $233.00. The company has a market cap of $2.35 trillion, a P/E ratio of 47.91, a PEG ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.85 EPS. Sell-side analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Analyst Ratings Changes

AMZN has been the subject of several recent research reports. Sanford C. Bernstein boosted their target price on shares of Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Evercore ISI increased their price objective on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Truist Financial raised their price target on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday, November 1st. Bank of America raised their target price on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Jefferies Financial Group upped their price target on shares of Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $243.00.

Amazon.com Profile

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.