Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Ayalon Insurance Comp Ltd.

Ayalon Insurance Comp Ltd. boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,518 shares of the e-commerce giant’s stock after purchasing an additional 1,198 shares during the quarter. Ayalon Insurance Comp Ltd.’s holdings in Amazon.com were worth $2,619,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Cooksen Wealth LLC purchased a new position in Amazon.com in the fourth quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 86 shares during the last quarter. Strid Group LLC purchased a new stake in shares of Amazon.com during the 4th quarter worth $43,000. Harbor Investment Advisory LLC increased its holdings in Amazon.com by 0.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 1,988 shares during the last quarter. Finally, Clarity Asset Management Inc. purchased a new position in Amazon.com in the fourth quarter valued at $46,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the transaction, the chief executive officer now owns 523,253 shares in the company, valued at $92,767,524.37. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the transaction, the chief executive officer now directly owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 5,264 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $190.00, for a total value of $1,000,160.00. Following the completion of the sale, the director now directly owns 104,400 shares in the company, valued at approximately $19,836,000. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,338 shares of company stock worth $11,894,344. 10.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AMZN shares. Monness Crespi & Hardt upped their price objective on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Truist Financial increased their price target on shares of Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Morgan Stanley boosted their price objective on shares of Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Maxim Group lowered their target price on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $220.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and a consensus target price of $215.86.

Amazon.com Stock Down 2.3 %

Shares of NASDAQ AMZN opened at $193.25 on Friday. The stock has a market capitalization of $2.01 trillion, a price-to-earnings ratio of 54.13, a price-to-earnings-growth ratio of 1.42 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $199.84. The firm has a 50-day moving average price of $183.87 and a 200 day moving average price of $173.11. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period last year, the firm earned $0.31 EPS. Equities research analysts anticipate that Amazon.com, Inc. will post 4.72 EPS for the current fiscal 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.