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

Sagace Wealth Management LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,263 shares of the e-commerce giant’s stock after selling 297 shares during the period. Sagace Wealth Management LLC’s holdings in Amazon.com were worth $716,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Heritage Family Offices LLP acquired a new stake in Amazon.com during the 2nd quarter worth $206,000. Crestwood Advisors Group LLC grew its holdings in shares of Amazon.com by 6.4% during the second quarter. Crestwood Advisors Group LLC now owns 839,745 shares of the e-commerce giant’s stock worth $162,283,000 after purchasing an additional 50,629 shares during the last quarter. United Asset Strategies Inc. increased its position in shares of Amazon.com by 8.0% during the second quarter. United Asset Strategies Inc. now owns 175,356 shares of the e-commerce giant’s stock worth $33,888,000 after purchasing an additional 13,059 shares in the last quarter. Consilium Wealth Advisory LLC lifted its holdings in shares of Amazon.com by 9.3% in the 2nd quarter. Consilium Wealth Advisory LLC now owns 24,164 shares of the e-commerce giant’s stock valued at $4,670,000 after purchasing an additional 2,047 shares during the last quarter. Finally, Flaharty Asset Management LLC boosted its position in shares of Amazon.com by 2.2% in the 2nd quarter. Flaharty Asset Management LLC now owns 4,032 shares of the e-commerce giant’s stock valued at $779,000 after purchasing an additional 85 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Up 1.2 %

Shares of Amazon.com stock opened at $238.15 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $241.77. The business has a 50-day moving average of $220.95 and a 200-day moving average of $197.72. The company has a market capitalization of $2.50 trillion, a PE ratio of 51.00, a P/E/G ratio of 1.31 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter last year, the firm earned $0.85 EPS. The business’s revenue was up 11.0% on a year-over-year basis. As a group, equities analysts forecast that Amazon.com, Inc. will post 5.39 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares in the company, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the sale, the chief executive officer now directly owns 524,567 shares in the company, valued at approximately $110,159,070. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock valued at $1,253,456,822 in the last ninety days. Company insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AMZN shares. The Goldman Sachs Group increased their price objective on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. Royal Bank of Canada boosted their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. DA Davidson reissued a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a report on Thursday, October 10th. TD Cowen boosted their price objective on shares of Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $280.00 price target (up previously from $260.00) on shares of Amazon.com in a report on Monday. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $249.46.

Amazon.com Profile

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.