Hexagon Capital Partners LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 25.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,924 shares of the e-commerce giant's stock after buying an additional 5,224 shares during the quarter. Amazon.com makes up approximately 0.9% of Hexagon Capital Partners LLC's investment portfolio, making the stock its 8th largest position. Hexagon Capital Partners LLC's holdings in Amazon.com were worth $4,830,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. PayPay Securities Corp grew its holdings in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock worth $32,000 after purchasing an additional 64 shares during the period. Christopher J. Hasenberg Inc grew its holdings in shares of Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock worth $58,000 after purchasing an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. purchased a new position in shares of Amazon.com during the 1st quarter worth $69,000. Innealta Capital LLC acquired a new position in Amazon.com during the 2nd quarter worth about $77,000. Finally, Abich Financial Wealth Management LLC lifted its stake in Amazon.com by 84.7% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant's stock worth $84,000 after acquiring an additional 199 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.
Amazon.com Stock Performance
Shares of AMZN stock traded up $7.59 during midday trading on Wednesday, hitting $207.09. The company had a trading volume of 72,208,850 shares, compared to its average volume of 41,410,465. The company's 50 day simple moving average is $186.48 and its 200 day simple moving average is $184.23. Amazon.com, Inc. has a 52-week low of $139.52 and a 52-week high of $207.55. The stock has a market cap of $2.17 trillion, a price-to-earnings ratio of 44.34, a PEG ratio of 1.46 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.
Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analysts' expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company's quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the firm earned $0.85 EPS. Research analysts anticipate that Amazon.com, Inc. will post 4.98 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on AMZN shares. Jefferies Financial Group increased their target price on Amazon.com from $225.00 to $235.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Roth Mkm increased their target price on Amazon.com from $210.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. Royal Bank of Canada increased their target price on Amazon.com from $215.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Rosenblatt Securities increased their target price on Amazon.com from $221.00 to $236.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, Telsey Advisory Group increased their target price on Amazon.com from $215.00 to $235.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $234.55.
Get Our Latest Research Report on AMZN
Insider Activity
In other news, VP Shelley Reynolds sold 3,791 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares of the company's stock, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the business's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,859 shares of company stock valued at $10,215,097 in the last three months. 10.80% of the stock is currently owned by company insiders.
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.
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