Sage Mountain Advisors LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,164 shares of the e-commerce giant’s stock after buying an additional 2,668 shares during the period. Amazon.com accounts for 0.7% of Sage Mountain Advisors LLC’s holdings, making the stock its 24th biggest holding. Sage Mountain Advisors LLC’s holdings in Amazon.com were worth $4,845,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Bridgefront Capital LLC bought a new position in Amazon.com during the first quarter worth $228,000. Krane Funds Advisors LLC increased its stake in Amazon.com by 239.1% in the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after purchasing an additional 55 shares in the last quarter. Range Financial Group LLC bought a new stake in Amazon.com in the first quarter valued at $258,000. My Personal CFO LLC bought a new stake in Amazon.com in the first quarter valued at $261,000. Finally, Worth Asset Management LLC bought a new stake in Amazon.com in the first quarter valued at $191,000. Institutional investors own 57.96% of the company’s stock.
Analyst Upgrades and Downgrades
AMZN has been the subject of several research analyst reports. Credit Suisse Group lifted their price target on shares of Amazon.com from $176.00 to $189.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Truist Financial reduced their price objective on shares of Amazon.com from $176.00 to $174.00 and set a “buy” rating for the company in a report on Tuesday. Redburn Partners lifted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a report on Friday, August 11th. Rosenblatt Securities upgraded shares of Amazon.com from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $111.00 to $184.00 in a report on Friday, August 4th. Finally, The Goldman Sachs Group reduced their price objective on shares of Amazon.com from $180.00 to $175.00 in a report on Thursday, October 12th. Two analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $164.26.
Amazon.com Price Performance
AMZN stock opened at $128.13 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.70. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $145.86. The stock has a market cap of $1.32 trillion, a PE ratio of 100.89, a P/E/G ratio of 2.01 and a beta of 1.24. The firm has a 50 day simple moving average of $133.88 and a two-hundred day simple moving average of $124.59.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.29. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. The business had revenue of $134.38 billion during the quarter, compared to analysts’ expectations of $131.54 billion. On average, analysts predict that Amazon.com, Inc. will post 2.23 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $126.64, for a total value of $63,320.00. Following the completion of the sale, the chief executive officer now owns 105,520 shares of the company’s stock, valued at approximately $13,363,052.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP David Zapolsky sold 42,816 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $145.13, for a total value of $6,213,886.08. Following the completion of the sale, the senior vice president now owns 64,380 shares of the company’s stock, valued at approximately $9,343,469.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $126.64, for a total transaction of $63,320.00. Following the completion of the sale, the chief executive officer now directly owns 105,520 shares of the company’s stock, valued at approximately $13,363,052.80. The disclosure for this sale can be found here. Insiders sold a total of 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.
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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