Pacific Sage Partners LLC Has $14.36 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Pacific Sage Partners LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 8.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 65,471 shares of the e-commerce giant’s stock after acquiring an additional 5,281 shares during the quarter. Amazon.com accounts for about 3.3% of Pacific Sage Partners LLC’s holdings, making the stock its 7th biggest holding. Pacific Sage Partners LLC’s holdings in Amazon.com were worth $14,364,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Accordant Advisory Group Inc increased its stake in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after buying an additional 100 shares during the period. Hoese & Co LLP purchased a new position in shares of Amazon.com in the third quarter worth $37,000. Bull Oak Capital LLC purchased a new position in shares of Amazon.com in the third quarter worth $45,000. Values First Advisors Inc. purchased a new position in shares of Amazon.com in the third quarter worth $56,000. Finally, IFS Advisors LLC increased its stake in shares of Amazon.com by 1,625.0% in the fourth quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock worth $76,000 after buying an additional 325 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the sale, the chief executive officer now directly owns 497,067 shares of the company’s stock, valued at $114,459,618.09. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,852 shares of company stock worth $9,324,151. Company insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Morgan Stanley lifted their target price on shares of Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Rosenblatt Securities boosted their price objective on shares of Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a research report on Friday, February 7th. The Goldman Sachs Group boosted their price objective on shares of Amazon.com from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $236.00 price objective on shares of Amazon.com in a research report on Tuesday, December 3rd. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $260.74.

Amazon.com Price Performance

AMZN opened at $212.71 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The stock has a market capitalization of $2.25 trillion, a P/E ratio of 38.46, a P/E/G ratio of 1.54 and a beta of 1.15. The company’s 50-day simple moving average is $227.48 and its two-hundred day simple moving average is $204.88. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.