Sage Private Wealth Group LLC Grows Position in Amazon.com, Inc. $AMZN

Sage Private Wealth Group LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,739 shares of the e-commerce giant’s stock after purchasing an additional 453 shares during the quarter. Amazon.com comprises approximately 0.8% of Sage Private Wealth Group LLC’s portfolio, making the stock its 13th biggest holding. Sage Private Wealth Group LLC’s holdings in Amazon.com were worth $1,259,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Amazon.com by 1.1% during the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock worth $158,348,557,000 after acquiring an additional 8,913,959 shares in the last quarter. Kingstone Capital Partners Texas LLC raised its stake in shares of Amazon.com by 542,733.6% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock valued at $29,100,194,000 after purchasing an additional 132,616,953 shares during the period. Northern Trust Corp boosted its stake in Amazon.com by 0.3% in the 1st quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant’s stock worth $18,527,354,000 after purchasing an additional 302,858 shares during the period. Nuveen LLC purchased a new position in Amazon.com during the 1st quarter valued at about $11,674,091,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Amazon.com by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 60,243,622 shares of the e-commerce giant’s stock valued at $11,461,952,000 after buying an additional 605,415 shares during the period. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Roth Capital raised their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Citizens Jmp raised their price target on shares of Amazon.com from $285.00 to $300.00 and gave the company a “market outperform” rating in a report on Friday, October 31st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Amazon.com in a report on Friday, October 31st. William Blair reissued an “outperform” rating on shares of Amazon.com in a research note on Monday, November 3rd. Finally, JPMorgan Chase & Co. boosted their target price on Amazon.com from $265.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, fifty-five have issued a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Amazon.com has an average rating of “Buy” and a consensus price target of $293.17.

Amazon.com Trading Up 0.6%

Shares of AMZN stock opened at $244.41 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $227.39 and a two-hundred day moving average price of $218.75. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $258.60. The firm has a market cap of $2.61 trillion, a P/E ratio of 37.26, a price-to-earnings-growth ratio of 1.52 and a beta of 1.29.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, beating the consensus estimate of $1.57 by $0.38. The firm had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company’s revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.43 EPS. Amazon.com has set its Q4 2025 guidance at EPS. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In related news, CEO Matthew S. Garman sold 17,785 shares of Amazon.com stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.57, for a total value of $3,940,622.45. Following the transaction, the chief executive officer owned 3,138 shares in the company, valued at $695,286.66. This trade represents a 85.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 22,000 shares of the business’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $250.03, for a total transaction of $5,500,660.00. Following the completion of the sale, the chief executive officer directly owned 493,507 shares of the company’s stock, valued at $123,391,555.21. This represents a 4.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 128,084 shares of company stock valued at $29,405,457. Insiders own 9.70% of the company’s stock.

Amazon.com Company 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.