Meitav Investment House Ltd. Has $132.92 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Meitav Investment House Ltd. trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 27.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 606,068 shares of the e-commerce giant’s stock after selling 234,282 shares during the period. Amazon.com comprises 2.2% of Meitav Investment House Ltd.’s holdings, making the stock its 11th largest position. Meitav Investment House Ltd.’s holdings in Amazon.com were worth $132,923,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Accordant Advisory Group Inc grew its stake in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Icon Wealth Advisors LLC grew its stake in shares of Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after buying an additional 25,581 shares in the last quarter. Bull Oak Capital LLC bought a new position in shares of Amazon.com in the third quarter valued at $45,000. Quattro Financial Advisors LLC raised its position in Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after acquiring an additional 45 shares in the last quarter. Finally, Values First Advisors Inc. acquired a new stake in Amazon.com in the third quarter valued at $56,000. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the sale, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. This represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the transaction, the chief executive officer now directly owns 505,318 shares of the company’s stock, valued at $115,434,843.92. This represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,298 shares of company stock valued at $22,871,828. Company insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent analyst reports. Oppenheimer boosted their price objective on shares of Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. JMP Securities reissued a “market outperform” rating and set a $285.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Wolfe Research raised their price objective on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Needham & Company LLC reiterated a “buy” rating and set a $250.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Finally, Piper Sandler restated an “overweight” rating and issued a $265.00 price target (up previously from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.65.

Amazon.com Trading Down 0.3 %

Shares of NASDAQ AMZN opened at $194.95 on Friday. The firm has a 50 day moving average price of $219.36 and a two-hundred day moving average price of $207.85. The stock has a market cap of $2.07 trillion, a P/E ratio of 35.25, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. 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 (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, equities analysts forecast 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.