Sage Mountain Advisors LLC Acquires 2,577 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Sage Mountain Advisors LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,889 shares of the e-commerce giant's stock after buying an additional 2,577 shares during the quarter. Amazon.com makes up about 0.9% of Sage Mountain Advisors LLC's investment portfolio, making the stock its 20th largest holding. Sage Mountain Advisors LLC's holdings in Amazon.com were worth $11,775,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Amazon.com in the 4th quarter worth approximately $27,266,582,000. GAMMA Investing LLC lifted its holdings in Amazon.com by 21,420.5% in the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock worth $5,754,425,000 after purchasing an additional 30,104,520 shares during the last quarter. Capital World Investors lifted its holdings in Amazon.com by 36.8% in the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock worth $14,416,078,000 after purchasing an additional 17,681,004 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the last quarter. Finally, Capital International Investors lifted its holdings in Amazon.com by 26.5% in the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock worth $12,564,961,000 after purchasing an additional 12,000,745 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 25,096,253 shares of company stock valued at $5,673,745,409 over the last quarter. Corporate insiders own 9.70% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Evercore ISI restated an "outperform" rating and issued a $280.00 target price on shares of Amazon.com in a report on Wednesday. Barclays lifted their price target on Amazon.com from $240.00 to $275.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Raymond James Financial reaffirmed an "outperform" rating and issued a $195.00 price target (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Bank of America lifted their price target on Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Roth Capital set a $250.00 price target on Amazon.com and gave the stock a "buy" rating in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $262.87.

Amazon.com Trading Down 0.3%

NASDAQ:AMZN traded down $0.68 during mid-day trading on Friday, hitting $230.30. The company had a trading volume of 26,588,843 shares, compared to its average volume of 44,860,145. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The business's fifty day moving average is $221.06 and its two-hundred day moving average is $208.69. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The firm has a market cap of $2.46 trillion, a P/E ratio of 35.12, a P/E/G ratio of 1.51 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The firm had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the prior year, the firm posted $1.26 earnings per share. The company's quarterly revenue was up 13.3% on a year-over-year basis. As a group, research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.