Donald L. Hagan LLC Makes New $666,000 Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Donald L. Hagan LLC acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the third quarter, HoldingsChannel reports. The firm acquired 3,574 shares of the e-commerce giant’s stock, valued at approximately $666,000.

A number of other large investors have also modified their holdings of AMZN. CV Advisors LLC boosted its stake in Amazon.com by 2.7% during the third quarter. CV Advisors LLC now owns 54,739 shares of the e-commerce giant’s stock worth $10,200,000 after buying an additional 1,417 shares in the last quarter. Consilium Wealth Advisory LLC lifted its holdings in shares of Amazon.com by 5.4% during the 3rd quarter. Consilium Wealth Advisory LLC now owns 25,466 shares of the e-commerce giant’s stock worth $4,745,000 after acquiring an additional 1,302 shares during the period. Gordian Advisors LLC lifted its holdings in shares of Amazon.com by 158.5% during the 3rd quarter. Gordian Advisors LLC now owns 3,273 shares of the e-commerce giant’s stock worth $610,000 after acquiring an additional 2,007 shares during the period. Centennial Wealth Advisory LLC boosted its position in shares of Amazon.com by 19.7% during the 3rd quarter. Centennial Wealth Advisory LLC now owns 6,024 shares of the e-commerce giant’s stock valued at $1,122,000 after acquiring an additional 991 shares in the last quarter. Finally, Maia Wealth LLC increased its stake in Amazon.com by 21.4% in the third quarter. Maia Wealth LLC now owns 27,315 shares of the e-commerce giant’s stock valued at $5,091,000 after acquiring an additional 4,819 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the completion of the sale, the chief executive officer now directly owns 518,911 shares of the company’s stock, valued at approximately $106,797,072.91. This represents a 1.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,034,534 shares of company stock worth $1,253,883,872. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 0.7 %

Shares of Amazon.com stock opened at $227.46 on Friday. The business has a fifty day simple moving average of $201.65 and a 200 day simple moving average of $189.72. The stock has a market cap of $2.39 trillion, a PE ratio of 48.71, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12 month low of $144.05 and a 12 month high of $231.20.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.85 EPS. Research analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AMZN. Deutsche Bank Aktiengesellschaft raised their price target on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Mizuho raised their target price on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Benchmark upped their price target on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Needham & Company LLC reiterated a “buy” rating and set a $250.00 price objective on shares of Amazon.com in a research note on Tuesday, December 10th. Finally, Roth Mkm boosted their target price on shares of Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $238.87.

View Our Latest Stock Report on AMZN

About Amazon.com

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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