Sage Private Wealth Group LLC Sells 58 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Sage Private Wealth Group LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 5,161 shares of the e-commerce giant’s stock after selling 58 shares during the period. Amazon.com accounts for about 0.8% of Sage Private Wealth Group LLC’s investment portfolio, making the stock its 13th biggest holding. Sage Private Wealth Group LLC’s holdings in Amazon.com were worth $1,132,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Quattro Financial Advisors LLC grew its position in shares of Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after buying an additional 45 shares during the period. MBM Wealth Consultants LLC grew its holdings in shares of Amazon.com by 0.6% in the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock valued at $1,889,000 after acquiring an additional 48 shares in the last quarter. Semus Wealth Partners LLC increased its holdings in Amazon.com by 0.3% during the third quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock worth $3,339,000 after buying an additional 49 shares during the last quarter. GGM Financials LLC raised its stake in shares of Amazon.com by 2.1% in the fourth quarter. GGM Financials LLC now owns 2,463 shares of the e-commerce giant’s stock valued at $540,000 after buying an additional 50 shares during the period. Finally, Bell Investment Advisors Inc raised its position in shares of Amazon.com by 1.5% in the third quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant’s stock valued at $626,000 after purchasing an additional 51 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on AMZN shares. Wolfe Research raised their price target on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. JMP Securities reissued a “market outperform” rating and set a $285.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Sanford C. Bernstein raised their target price on Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Wedbush reissued an “outperform” rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Finally, Royal Bank of Canada lifted their target price on shares of Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $260.65.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 5,501 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.44. Following the completion of the sale, the chief executive officer now directly owns 505,318 shares in the company, valued at approximately $115,434,843.92. This trade represents a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP David Zapolsky sold 19,212 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the sale, the senior vice president now owns 49,950 shares of the company’s stock, valued at $10,864,125. The trade was a 27.78 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 102,298 shares of company stock worth $22,871,828. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $194.54 on Tuesday. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The firm has a 50 day simple moving average of $223.57 and a 200-day simple moving average of $207.12. The firm has a market cap of $2.06 trillion, a PE ratio of 35.18, a P/E/G ratio of 1.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

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 analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, equities analysts expect 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.