Sage Mountain Advisors LLC Has $13.01 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Sage Mountain Advisors LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 11.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,312 shares of the e-commerce giant's stock after acquiring an additional 6,288 shares during the period. Amazon.com comprises 1.0% of Sage Mountain Advisors LLC's portfolio, making the stock its 17th largest holding. Sage Mountain Advisors LLC's holdings in Amazon.com were worth $13,013,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of AMZN. Accordant Advisory Group Inc lifted its stake in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Compass Planning Associates Inc purchased a new position in shares of Amazon.com during the 4th quarter valued at approximately $51,000. Quattro Financial Advisors LLC boosted its stake in Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after acquiring an additional 45 shares during the last quarter. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Amazon.com in the 4th quarter valued at about $54,000. Finally, Iron Horse Wealth Management LLC boosted its holdings in Amazon.com by 64.4% in the fourth quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant's stock worth $63,000 after purchasing an additional 112 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. This represents a 0.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,620 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the sale, the chief financial officer now directly owns 49,000 shares of the company's stock, valued at $10,933,860. This represents a 22.98 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Down 0.9 %

AMZN traded down $1.72 during trading hours on Tuesday, hitting $180.41. 7,120,100 shares of the company's stock were exchanged, compared to its average volume of 41,507,051. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The stock's 50-day moving average is $203.14 and its two-hundred day moving average is $208.50. The stock has a market cap of $1.91 trillion, a price-to-earnings ratio of 32.52, a PEG ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AMZN shares. Truist Financial cut their target price on Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Raymond James raised their price objective on Amazon.com from $260.00 to $275.00 in a research note on Monday, February 10th. DA Davidson dropped their price target on Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a research note on Monday. Phillip Securities downgraded Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Amazon.com from $270.00 to $220.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and an average price target of $253.56.

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.