Donald L. Hagan LLC Purchases 117 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Donald L. Hagan LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 3,776 shares of the e-commerce giant’s stock after acquiring an additional 117 shares during the period. Donald L. Hagan LLC’s holdings in Amazon.com were worth $718,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC bought a new stake in shares of Amazon.com during the 4th quarter worth approximately $25,000. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com during the 4th quarter worth approximately $27,000. LSV Asset Management bought a new stake in shares of Amazon.com during the 4th quarter worth approximately $35,000. Perritt Capital Management Inc raised its stake in shares of Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 80 shares in the last quarter. Finally, Quattro Financial Advisors LLC raised its stake in shares of Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after purchasing an additional 45 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 2,695 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at $24,050,626.20. This represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares in the company, valued at $95,776,017.26. The trade was a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock worth $20,531,075 over the last ninety days. Insiders own 9.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AMZN shares. Telsey Advisory Group reissued an “outperform” rating and set a $235.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft decreased their target price on Amazon.com from $287.00 to $206.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Wedbush reissued an “outperform” rating and set a $235.00 target price (up from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Mizuho decreased their target price on Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Finally, Piper Sandler reissued an “overweight” rating and set a $212.00 target price (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 assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $245.81.

Amazon.com Stock Performance

Amazon.com stock opened at $223.30 on Friday. The business has a 50 day moving average of $202.26 and a 200-day moving average of $208.86. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year 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 company has a market capitalization of $2.37 trillion, a P/E ratio of 36.37, a P/E/G ratio of 1.68 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. During the same period in the prior year, the business posted $0.98 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. On average, equities research analysts predict 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.