Sage Capital Advisors llc Reduces Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on Apr 2nd, 2023

Sage Capital Advisors llc lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,080 shares of the e-commerce giant’s stock after selling 473 shares during the period. Amazon.com makes up approximately 1.3% of Sage Capital Advisors llc’s investment portfolio, making the stock its 26th biggest position. Sage Capital Advisors llc’s holdings in Amazon.com were worth $2,863,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. McElhenny Sheffield Capital Management LLC bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $27,000. Wells Financial Advisors INC raised its stake in shares of Amazon.com by 1,900.0% during the second quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock valued at $30,000 after acquiring an additional 266 shares in the last quarter. Knott David M Jr bought a new stake in shares of Amazon.com during the second quarter valued at approximately $32,000. Retirement Financial Solutions LLC bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $32,000. Finally, Laurel Wealth Planning LLC raised its stake in shares of Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 304 shares in the last quarter. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Amazon.com Stock Up 1.3 %

Shares of NASDAQ AMZN opened at $103.29 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $1.06 trillion, a price-to-earnings ratio of -385.40, a price-to-earnings-growth ratio of 4.15 and a beta of 1.25. The firm has a 50-day moving average price of $97.98 and a 200 day moving average price of $99.46. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The business had revenue of $149.20 billion for the quarter, compared to analyst estimates of $145.72 billion. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.39 EPS. Equities research analysts anticipate that Amazon.com, Inc. will post 1.33 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 2,299 shares of the business’s stock in a transaction that occurred on Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total transaction of $230,681.66. Following the completion of the sale, the chief executive officer now directly owns 138,320 shares in the company, valued at $13,879,028.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Amazon.com news, CEO Adam Selipsky sold 2,299 shares of the stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total transaction of $230,681.66. Following the transaction, the chief executive officer now directly owns 138,320 shares in the company, valued at approximately $13,879,028.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Following the transaction, the chief executive officer now owns 560,298 shares in the company, valued at $52,555,952.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 73,693 shares of company stock worth $7,225,308. 12.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. DA Davidson boosted their price objective on shares of Amazon.com from $114.00 to $134.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. Wells Fargo & Company cut their price target on shares of Amazon.com from $155.00 to $145.00 in a report on Friday, February 3rd. Evercore ISI lifted their price target on shares of Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, February 3rd. Needham & Company LLC reissued a “buy” rating and set a $120.00 price objective on shares of Amazon.com in a report on Friday, February 3rd. Finally, Cowen boosted their price objective on shares of Amazon.com from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, February 3rd. Three investment analysts have rated the stock with a hold rating and forty-one have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $144.93.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.