Hager Investment Management Services LLC Makes New $4.13 Million Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Hager Investment Management Services LLC bought a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 18,819 shares of the e-commerce giant’s stock, valued at approximately $4,129,000. Amazon.com accounts for approximately 2.6% of Hager Investment Management Services LLC’s investment portfolio, making the stock its 9th biggest holding.

Several other large investors have also added to or reduced their stakes in the stock. Accordant Advisory Group Inc lifted its position in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after buying an additional 100 shares during the last quarter. Hoese & Co LLP bought a new stake in Amazon.com in the 3rd quarter worth approximately $37,000. Bull Oak Capital LLC bought a new stake in Amazon.com in the 3rd quarter worth approximately $45,000. Values First Advisors Inc. bought a new stake in Amazon.com in the 3rd quarter worth approximately $56,000. Finally, IFS Advisors LLC lifted its position in Amazon.com by 1,625.0% in the 4th quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock worth $76,000 after buying an additional 325 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $212.32 on Friday. The firm has a 50 day moving average of $226.44 and a 200-day moving average of $205.61. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.25 trillion, a price-to-earnings ratio of 38.39, a PEG ratio of 1.50 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the transaction, the chief executive officer now directly owns 524,567 shares in the company, valued at $110,159,070. The trade was a 0.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the transaction, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. This represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 110,149 shares of company stock worth $24,606,905 in the last ninety days. Insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Bank of America boosted their target price on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Roth Mkm boosted their price objective on Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Benchmark boosted their price objective on Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Mizuho boosted their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Finally, Loop Capital boosted their price objective on Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $260.65.

Amazon.com 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.