Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Sage Private Wealth Group LLC

Sage Private Wealth Group LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 5,286 shares of the e-commerce giant’s stock after purchasing an additional 125 shares during the period. Amazon.com makes up about 0.8% of Sage Private Wealth Group LLC’s investment portfolio, making the stock its 12th biggest position. Sage Private Wealth Group LLC’s holdings in Amazon.com were worth $1,006,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com during the fourth quarter worth $25,000. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com during the fourth quarter worth $27,000. LSV Asset Management acquired a new stake in Amazon.com during the fourth quarter worth $35,000. Cooksen Wealth LLC acquired a new stake in Amazon.com during the first quarter worth $36,000. Finally, Inlight Wealth Management LLC acquired a new stake in Amazon.com during the first quarter worth $40,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $217.00, for a total value of $542,500.00. Following the sale, the chief executive officer owned 512,050 shares of the company’s stock, valued at approximately $111,114,850. This represents a 0.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the company’s stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the sale, the insider directly owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,101,037 shares of company stock worth $5,674,726,368. 10.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several research analyst reports. Stifel Nicolaus raised their price target on Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Barclays raised their price target on Amazon.com from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Robert W. Baird raised their price target on Amazon.com from $220.00 to $244.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Royal Bank Of Canada raised their price target on Amazon.com from $230.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Finally, Benchmark restated a “buy” rating and set a $260.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. One research analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $262.45.

Amazon.com Price Performance

AMZN stock opened at $221.47 on Wednesday. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock’s 50 day moving average price is $220.25 and its 200 day moving average price is $208.61. The firm has a market cap of $2.36 trillion, a P/E ratio of 33.76, a PEG ratio of 1.49 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The firm had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the prior year, the company earned $1.26 EPS. Amazon.com’s revenue was up 13.3% on a year-over-year basis. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

About Amazon.com

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.