Meitav Investment House Ltd. Increases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Meitav Investment House Ltd. boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 761,144 shares of the e-commerce giant’s stock after buying an additional 27,842 shares during the quarter. Amazon.com makes up about 2.6% of Meitav Investment House Ltd.’s holdings, making the stock its 7th largest position. Meitav Investment House Ltd.’s holdings in Amazon.com were worth $147,303,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Cooksen Wealth LLC bought a new stake in shares of Amazon.com during the fourth quarter valued at about $30,000. Clarity Asset Management Inc. purchased a new stake in Amazon.com in the fourth quarter valued at approximately $46,000. Christopher J. Hasenberg Inc lifted its position in Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares during the last quarter. Steph & Co. bought a new position in shares of Amazon.com in the 1st quarter worth $65,000. Finally, Advantage Trust Co bought a new position in shares of Amazon.com during the 4th quarter valued at about $68,000. 72.20% of the stock is owned by institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 3,085,116 shares of the business’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the completion of the sale, the insider now owns 931,925,277 shares in the company, valued at $186,450,290,169.39. The disclosure for this sale can be found here. Insiders sold a total of 6,104,317 shares of company stock valued at $1,220,621,322 over the last 90 days. Company insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 0.9 %

Shares of NASDAQ:AMZN opened at $191.60 on Friday. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20. The stock has a market capitalization of $1.99 trillion, a price-to-earnings ratio of 53.67, a PEG ratio of 1.39 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The stock’s 50-day simple moving average is $178.54 and its two-hundred day simple moving average is $182.04.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.18. The business had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. Analysts expect that Amazon.com, Inc. will post 4.86 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AMZN. BMO Capital Markets restated an “outperform” rating and issued a $230.00 price objective on shares of Amazon.com in a report on Thursday. Bank of America cut their target price on Amazon.com from $220.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. TD Securities upped their price target on Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Maxim Group boosted their price objective on shares of Amazon.com from $238.00 to $251.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, The Goldman Sachs Group lowered their price objective on shares of Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating, forty have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $222.84.

Amazon.com Company 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.