Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Sagace Wealth Management LLC

Sagace Wealth Management LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,079 shares of the e-commerce giant’s stock after selling 184 shares during the period. Sagace Wealth Management LLC’s holdings in Amazon.com were worth $586,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after buying an additional 17,635,391 shares during the period. FMR LLC raised its holdings in Amazon.com by 0.5% in the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock valued at $72,061,766,000 after buying an additional 1,725,664 shares during the period. Geode Capital Management LLC raised its holdings in Amazon.com by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock valued at $44,837,256,000 after buying an additional 5,015,380 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Amazon.com by 2.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock valued at $40,107,544,000 after buying an additional 4,087,933 shares during the period. Finally, Norges Bank purchased a new position in Amazon.com in the fourth quarter valued at approximately $27,266,582,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Keith Brian Alexander sold 1,000 shares of the business’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the transaction, the director now owns 5,465 shares of the company’s stock, valued at approximately $1,151,366.20. The trade was a 15.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of the business’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $24,050,626.20. This trade represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock valued at $20,531,075 over the last 90 days. 9.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on AMZN. Mizuho cut their price target on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Jefferies Financial Group cut their price target on shares of Amazon.com from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Bank of America raised their price target on shares of Amazon.com from $230.00 to $248.00 and gave the company a “buy” rating in a report on Monday, June 2nd. BNP Paribas upgraded shares of Amazon.com to a “hold” rating in a report on Wednesday, April 30th. Finally, Tigress Financial lifted their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. Four equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $245.64.

Amazon.com Stock Performance

Amazon.com stock opened at $217.12 on Friday. The company has a market cap of $2.31 trillion, a PE ratio of 35.36, a P/E/G ratio of 1.60 and a beta of 1.33. The company has a fifty day moving average price of $201.25 and a two-hundred day moving average price of $209.02. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 earnings per share. Research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current 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.