SageView Advisory Group LLC Has $16.13 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

SageView Advisory Group LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 41.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 73,511 shares of the e-commerce giant's stock after acquiring an additional 21,592 shares during the quarter. Amazon.com comprises 0.7% of SageView Advisory Group LLC's investment portfolio, making the stock its 20th largest holding. SageView Advisory Group LLC's holdings in Amazon.com were worth $16,128,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Accordant Advisory Group Inc increased its holdings in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after acquiring an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. acquired a new position in Amazon.com during the 4th quarter valued at about $27,000. LSV Asset Management acquired a new position in Amazon.com in the 4th quarter worth approximately $35,000. Perritt Capital Management Inc increased its holdings in shares of Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 80 shares in the last quarter. Finally, Quattro Financial Advisors LLC lifted its stake in Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after buying an additional 45 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Up 0.5 %

Shares of NASDAQ AMZN traded up $0.98 during trading hours on Friday, hitting $193.06. 29,609,499 shares of the stock were exchanged, compared to its average volume of 41,721,953. The firm has a fifty day moving average price of $188.50 and a 200-day moving average price of $207.95. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.05 trillion, a PE ratio of 34.91, a PEG ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.98 earnings per share. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analysts Set New Price Targets

AMZN has been the subject of several research analyst reports. Citizens Jmp lowered their target price on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Truist Financial reduced their target price on shares of Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Loop Capital lifted their target price on shares of Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. upped their price target on shares of Amazon.com from $220.00 to $225.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Finally, Oppenheimer reduced their target price on shares of Amazon.com from $260.00 to $220.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $244.09.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $190.67, for a total value of $476,675.00. Following the sale, the chief executive officer now directly owns 506,974 shares in the company, valued at $96,664,732.58. The trade was a 0.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was 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 in the company, valued at approximately $10,864,125. This trade represents a 27.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 107,298 shares of company stock worth $23,818,478 in the last 90 days. Corporate insiders own 9.70% of the company's stock.

About Amazon.com

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.