Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,889 shares of the e-commerce giant’s stock after acquiring an additional 2,577 shares during the period. Amazon.com accounts for about 0.9% of Sage Mountain Advisors LLC’s holdings, making the stock its 20th biggest position. Sage Mountain Advisors LLC’s holdings in Amazon.com were worth $11,775,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC acquired a new position in Amazon.com in the 4th quarter valued at about $25,000. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com during the 4th quarter worth approximately $27,000. LSV Asset Management acquired a new stake in shares of Amazon.com in the 4th quarter valued at approximately $35,000. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com in the first quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC acquired a new position in Amazon.com during the first quarter worth $40,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Amazon.com in a report on Monday, July 28th. Evercore ISI dropped their price objective on Amazon.com from $270.00 to $260.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Sanford C. Bernstein set a $235.00 price objective on Amazon.com and gave the stock an “outperform” rating in a report on Tuesday, July 1st. Citizens Jmp assumed coverage on Amazon.com in a report on Thursday, July 10th. They set a “strong-buy” rating on the stock. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $280.00 price objective on shares of Amazon.com in a report on Friday, August 1st. One equities 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 MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $262.45.

Insider Transactions at Amazon.com

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

Amazon.com Stock Up 0.1%

Shares of NASDAQ AMZN 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 firm has a market cap of $2.36 trillion, a price-to-earnings ratio of 33.76, a PEG ratio of 1.49 and a beta of 1.31. 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 simple moving average is $220.25 and its 200-day simple moving average is $208.61.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping 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 business had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same period in the previous year, the company earned $1.26 earnings per share. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, equities analysts anticipate 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.