Y.D. More Investments Ltd Increases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Y.D. More Investments Ltd boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 13.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,679 shares of the e-commerce giant’s stock after purchasing an additional 9,547 shares during the period. Amazon.com comprises 1.5% of Y.D. More Investments Ltd’s investment portfolio, making the stock its 18th largest position. Y.D. More Investments Ltd’s holdings in Amazon.com were worth $17,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the business. Jackson Wealth Management LLC increased its stake in shares of Amazon.com by 2.1% during the fourth quarter. Jackson Wealth Management LLC now owns 27,472 shares of the e-commerce giant’s stock valued at $6,027,000 after buying an additional 556 shares during the period. Weaver Capital Management LLC boosted its holdings in Amazon.com by 6.0% in the fourth quarter. Weaver Capital Management LLC now owns 20,904 shares of the e-commerce giant’s stock worth $4,586,000 after acquiring an additional 1,176 shares in the last quarter. Spirit of America Management Corp NY boosted its holdings in Amazon.com by 1.5% in the fourth quarter. Spirit of America Management Corp NY now owns 30,200 shares of the e-commerce giant’s stock worth $6,626,000 after acquiring an additional 450 shares in the last quarter. Hager Investment Management Services LLC bought a new position in shares of Amazon.com during the fourth quarter valued at $4,129,000. Finally, Alexander Labrunerie & CO. Inc. lifted its holdings in shares of Amazon.com by 0.4% during the fourth quarter. Alexander Labrunerie & CO. Inc. now owns 32,244 shares of the e-commerce giant’s stock valued at $7,074,000 after purchasing an additional 131 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on AMZN. Roth Mkm upped 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. Mizuho increased their target price on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. increased their price target on Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Truist Financial raised their price objective on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Redburn Atlantic raised their price objective on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $260.65.

Insider Activity

In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the transaction, the chief executive officer now directly owns 524,567 shares in the company, valued at approximately $110,159,070. This represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now owns 88,203 shares in the company, valued at $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 110,149 shares of company stock valued at $24,606,905 over the last ninety days. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Up 1.7 %

Shares of NASDAQ AMZN opened at $212.32 on Friday. The stock has a market cap of $2.25 trillion, a P/E ratio of 38.39, a P/E/G ratio of 1.50 and a beta of 1.15. The firm has a 50 day moving average price of $226.44 and a 200 day moving average price of $205.61. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current 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.