Pacific Sage Partners LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 0.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,874 shares of the e-commerce giant’s stock after acquiring an additional 141 shares during the quarter. Amazon.com comprises approximately 2.0% of Pacific Sage Partners LLC’s portfolio, making the stock its 8th biggest holding. Pacific Sage Partners LLC’s holdings in Amazon.com were worth $6,893,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Bridgefront Capital LLC purchased a new position in Amazon.com during the first quarter worth about $228,000. Krane Funds Advisors LLC lifted its position in Amazon.com by 239.1% during the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after buying an additional 55 shares during the period. Range Financial Group LLC purchased a new position in Amazon.com during the first quarter worth about $258,000. My Personal CFO LLC purchased a new position in Amazon.com during the first quarter worth about $261,000. Finally, Worth Asset Management LLC purchased a new position in Amazon.com during the first quarter worth about $191,000. 57.96% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Amazon.com
In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Monday, July 24th. The stock was sold at an average price of $129.48, for a total transaction of $64,740.00. Following the sale, the chief executive officer now owns 149,780 shares of the company’s stock, valued at approximately $19,393,514.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Monday, July 24th. The stock was sold at an average price of $129.48, for a total transaction of $64,740.00. Following the sale, the chief executive officer now owns 149,780 shares of the company’s stock, valued at approximately $19,393,514.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 50,000 shares of Amazon.com stock in a transaction on Friday, August 4th. The shares were sold at an average price of $141.00, for a total value of $7,050,000.00. Following the transaction, the chief executive officer now owns 510,301 shares in the company, valued at $71,952,441. The disclosure for this sale can be found here. Insiders have sold 1,408,645 shares of company stock valued at $55,207,763 in the last quarter. Corporate insiders own 12.70% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on Amazon.com
Amazon.com Stock Up 1.8 %
Shares of Amazon.com stock opened at $131.83 on Thursday. The business’s fifty day moving average price is $134.56 and its two-hundred day moving average price is $123.52. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.70. The company has a market capitalization of $1.36 trillion, a P/E ratio of 103.80, a PEG ratio of 1.70 and a beta of 1.24. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $145.86.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.29. The firm had revenue of $134.38 billion for the quarter, compared to the consensus estimate of $131.54 billion. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. As a group, research analysts forecast that Amazon.com, Inc. will post 2.23 EPS for the current year.
About Amazon.com
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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