Y.D. More Investments Ltd Buys 16,324 Shares of Amazon.com, Inc. $AMZN

Y.D. More Investments Ltd lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 16.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 117,947 shares of the e-commerce giant’s stock after purchasing an additional 16,324 shares during the quarter. Amazon.com comprises about 1.5% of Y.D. More Investments Ltd’s investment portfolio, making the stock its 16th biggest position. Y.D. More Investments Ltd’s holdings in Amazon.com were worth $25,896,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Amazon.com during the 2nd quarter valued at approximately $27,438,011,000. Nuveen LLC bought a new stake in shares of Amazon.com in the 1st quarter worth about $11,674,091,000. Vanguard Group Inc. raised its position in shares of Amazon.com by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock valued at $186,420,422,000 after buying an additional 17,447,045 shares in the last quarter. Laurel Wealth Advisors LLC raised its position in shares of Amazon.com by 22,085.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant’s stock valued at $2,671,634,000 after buying an additional 12,122,668 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Amazon.com by 21.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock valued at $11,017,657,000 after acquiring an additional 10,176,835 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $205.18, for a total value of $4,077,336.96. Following the completion of the sale, the chief executive officer owned 2,238,118 shares in the company, valued at approximately $459,217,051.24. The trade was a 0.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David Zapolsky sold 10,649 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $205.43, for a total value of $2,187,624.07. Following the completion of the transaction, the senior vice president directly owned 41,190 shares in the company, valued at approximately $8,461,661.70. This trade represents a 20.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 71,686 shares of company stock valued at $14,688,739 in the last ninety days. Corporate insiders own 9.70% of the company’s stock.

More Amazon.com News

Here are the key news stories impacting Amazon.com this week:

Analysts Set New Price Targets

Several research firms recently commented on AMZN. Roth Mkm reissued a “buy” rating and set a $295.00 price objective (up from $270.00) on shares of Amazon.com in a research note on Monday, January 26th. DA Davidson reaffirmed a “neutral” rating and issued a $175.00 price objective (down from $300.00) on shares of Amazon.com in a research note on Friday, February 6th. TD Cowen reissued a “buy” rating on shares of Amazon.com in a research report on Friday, February 6th. Weiss Ratings restated a “buy (b)” rating on shares of Amazon.com in a research report on Monday, December 29th. Finally, Maxim Group boosted their price objective on shares of Amazon.com from $280.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, fifty-three have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $287.29.

Read Our Latest Report on AMZN

Amazon.com Stock Down 2.6%

NASDAQ:AMZN opened at $213.31 on Friday. The company has a market cap of $2.29 trillion, a price-to-earnings ratio of 29.75, a price-to-earnings-growth ratio of 1.60 and a beta of 1.40. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $258.60. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $224.83 and a 200-day simple moving average of $227.20.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 EPS for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). The company had revenue of $213.39 billion during the quarter, compared to the consensus estimate of $211.02 billion. Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.Amazon.com’s revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.86 earnings per share. Analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

About Amazon.com

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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

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