Sagespring Wealth Partners LLC Has $33.57 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Sagespring Wealth Partners LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 11.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 176,427 shares of the e-commerce giant's stock after buying an additional 18,023 shares during the quarter. Amazon.com accounts for about 0.3% of Sagespring Wealth Partners LLC's holdings, making the stock its 29th biggest position. Sagespring Wealth Partners LLC's holdings in Amazon.com were worth $33,567,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC acquired a new position in Amazon.com during the 4th quarter valued at $25,000. Prudent Man Investment Management Inc. acquired a new position in Amazon.com during the 4th quarter valued at $27,000. LSV Asset Management acquired a new position in Amazon.com during the 4th quarter valued at $35,000. Perritt Capital Management Inc raised its stake in 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 during the last quarter. Finally, Compass Planning Associates Inc acquired a new position in Amazon.com during the 4th quarter valued at $51,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 20,923 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey P. Bezos sold 3,100,000 shares of the business's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $221.42, for a total value of $686,402,000.00. Following the transaction, the insider directly owned 905,679,901 shares of the company's stock, valued at $200,535,643,679.42. This represents a 0.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,426,963 shares of company stock valued at $757,297,707 in the last ninety days. Company insiders own 10.80% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on AMZN. Cantor Fitzgerald raised their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a report on Monday, April 14th. Jefferies Financial Group reduced their price objective on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Royal Bank Of Canada reduced their price objective on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $212.00 price objective (down from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus target price of $245.60.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded up $0.06 during mid-day trading on Monday, hitting $223.47. The company had a trading volume of 36,547,965 shares, compared to its average volume of 42,009,901. The stock has a market cap of $2.37 trillion, a price-to-earnings ratio of 36.40, a PEG ratio of 1.68 and a beta of 1.33. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The firm's 50 day simple moving average is $207.16 and its two-hundred day simple moving average is $208.51.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the previous year, the business earned $0.98 EPS. The company's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share 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.