Sage Financial Management Group Inc. Reduces Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Sage Financial Management Group Inc. reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 7.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,126 shares of the e-commerce giant’s stock after selling 97 shares during the quarter. Sage Financial Management Group Inc.’s holdings in Amazon.com were worth $247,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Fiera Capital Corp increased its stake in shares of Amazon.com by 12.5% in the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after acquiring an additional 44,615 shares during the period. Beck Bode LLC purchased a new stake in Amazon.com in the second quarter valued at $651,000. Tairen Capital Ltd boosted its holdings in Amazon.com by 1,177.9% in the second quarter. Tairen Capital Ltd now owns 1,768,335 shares of the e-commerce giant’s stock valued at $341,731,000 after purchasing an additional 1,629,959 shares during the last quarter. Xponance Inc. grew its position in Amazon.com by 2.6% during the 2nd quarter. Xponance Inc. now owns 2,209,547 shares of the e-commerce giant’s stock worth $426,995,000 after purchasing an additional 55,851 shares during the period. Finally, Marietta Investment Partners LLC raised its stake in shares of Amazon.com by 32.3% during the 2nd quarter. Marietta Investment Partners LLC now owns 36,409 shares of the e-commerce giant’s stock valued at $7,036,000 after buying an additional 8,885 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

NASDAQ AMZN opened at $222.88 on Friday. The stock has a market cap of $2.36 trillion, a PE ratio of 40.30, a P/E/G ratio of 1.57 and a beta of 1.15. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The stock has a fifty day simple moving average of $228.10 and a 200-day simple moving average of $203.58. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

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

Insider Activity at Amazon.com

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 transaction of $1,256,648.44. Following the completion of the transaction, the chief executive officer now directly owns 505,318 shares in the company, valued at $115,434,843.92. This trade represents a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction 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 sale, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,852 shares of company stock worth $9,324,151. Insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Maxim Group raised their target price on Amazon.com from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, February 7th. The Goldman Sachs Group upped their price objective on Amazon.com from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Piper Sandler reissued an “overweight” rating and set a $265.00 price target (up from $225.00) on shares of Amazon.com in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Two investment 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $260.74.

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.