Amazon.com, Inc. (NASDAQ:AMZN) Position Raised by Sage Capital Advisors llc

Sage Capital Advisors llc raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,849 shares of the e-commerce giant's stock after purchasing an additional 2,386 shares during the quarter. Amazon.com makes up 3.7% of Sage Capital Advisors llc's holdings, making the stock its 4th biggest position. Sage Capital Advisors llc's holdings in Amazon.com were worth $14,051,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in AMZN. Moody National Bank Trust Division increased its position in Amazon.com by 1.1% during the 1st quarter. Moody National Bank Trust Division now owns 103,818 shares of the e-commerce giant's stock worth $19,752,000 after buying an additional 1,100 shares during the period. Agate Pass Investment Management LLC increased its position in Amazon.com by 41.1% during the 1st quarter. Agate Pass Investment Management LLC now owns 7,305 shares of the e-commerce giant's stock worth $1,390,000 after buying an additional 2,127 shares during the period. Baring Financial LLC increased its position in Amazon.com by 3.2% during the 1st quarter. Baring Financial LLC now owns 4,554 shares of the e-commerce giant's stock worth $866,000 after buying an additional 142 shares during the period. Versant Capital Management Inc increased its position in Amazon.com by 67.5% during the 1st quarter. Versant Capital Management Inc now owns 20,599 shares of the e-commerce giant's stock worth $3,919,000 after buying an additional 8,298 shares during the period. Finally, Adirondack Trust Co. increased its position in Amazon.com by 0.9% during the 1st quarter. Adirondack Trust Co. now owns 37,064 shares of the e-commerce giant's stock worth $7,052,000 after buying an additional 334 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 2,695 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $204.98, for a total value of $512,450.00. Following the completion of the sale, the chief executive officer now owns 517,050 shares in the company, valued at $105,984,909. This represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,037 shares of company stock worth $20,531,075. Corporate insiders own 9.70% of the company's stock.

Amazon.com Stock Performance

NASDAQ:AMZN traded down $1.14 during mid-day trading on Friday, hitting $212.10. 29,295,190 shares of the company traded hands, compared to its average volume of 42,112,351. The stock's fifty day moving average price is $194.64 and its 200-day moving average price is $209.13. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. 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 firm has a market cap of $2.25 trillion, a price-to-earnings ratio of 38.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33.

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AMZN shares. Evercore ISI lowered their price objective on Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Royal Bank of Canada lowered their price objective on Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Bank of America increased their price objective on Amazon.com from $230.00 to $248.00 and gave the stock a "buy" rating in a research report on Monday, June 2nd. Deutsche Bank Aktiengesellschaft decreased their price target on Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Benchmark reiterated a "buy" rating and issued a $260.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company's stock. According to data from MarketBeat, Amazon.com has an average rating of "Moderate Buy" and a consensus target price of $244.89.

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.