Y.D. More Investments Ltd Purchases 21,260 Shares of Amazon.com, Inc. $AMZN

Y.D. More Investments Ltd boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 16.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,308 shares of the e-commerce giant’s stock after buying an additional 21,260 shares during the period. Amazon.com comprises 1.2% of Y.D. More Investments Ltd’s portfolio, making the stock its 15th largest holding. Y.D. More Investments Ltd’s holdings in Amazon.com were worth $32,119,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Hibernia Wealth Partners LLC raised its stake in shares of Amazon.com by 32.1% in the 1st quarter. Hibernia Wealth Partners LLC now owns 4,415 shares of the e-commerce giant’s stock valued at $920,000 after buying an additional 1,074 shares in the last quarter. CORDA Investment Management LLC. boosted its position in shares of Amazon.com by 2.7% during the 1st quarter. CORDA Investment Management LLC. now owns 219,106 shares of the e-commerce giant’s stock valued at $45,633,000 after acquiring an additional 5,856 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in Amazon.com by 1.0% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 1,692,462 shares of the e-commerce giant’s stock valued at $352,490,000 after acquiring an additional 16,517 shares during the period. Procyon Advisors LLC raised its position in Amazon.com by 2.2% in the first quarter. Procyon Advisors LLC now owns 141,408 shares of the e-commerce giant’s stock worth $29,451,000 after purchasing an additional 3,095 shares in the last quarter. Finally, Persium Advisors LLC boosted its holdings in Amazon.com by 9.8% during the first quarter. Persium Advisors LLC now owns 4,667 shares of the e-commerce giant’s stock valued at $972,000 after purchasing an additional 416 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on AMZN. Truist Financial increased their price objective on Amazon.com from $310.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. DA Davidson increased their target price on shares of Amazon.com from $175.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Susquehanna restated a “positive” rating and issued a $325.00 price target (up from $300.00) on shares of Amazon.com in a research report on Thursday, April 30th. Weiss Ratings raised shares of Amazon.com from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Finally, Rosenblatt Securities boosted their target price on Amazon.com from $296.00 to $332.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $312.91.

Insiders Place Their Bets

In other Amazon.com news, CEO Matthew S. Garman sold 15,467 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $263.40, for a total transaction of $4,074,007.80. Following the completion of the sale, the chief executive officer owned 14,159 shares in the company, valued at approximately $3,729,480.60. The trade was a 52.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jonathan Rubinstein sold 3,706 shares of the stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $273.02, for a total value of $1,011,812.12. Following the completion of the transaction, the director directly owned 74,948 shares in the company, valued at approximately $20,462,302.96. This trade represents a 4.71% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 140,425 shares of company stock valued at $37,715,464 over the last three months. 8.90% of the stock is owned by insiders.

Amazon.com News Roundup

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

• Positive Sentiment: Options data and several analyst/commentary pieces suggest traders expect a post-earnings move higher, and multiple firms remain bullish on AMZN heading into the July 30 report. Ahead of Amazon Earnings, Here’s What Barchart Data Says Comes Next for AMZN Stock
• Positive Sentiment: India eased e-commerce export rules, which is a win for Amazon’s international marketplace ambitions and could support long-term growth. India relaxes e-commerce investment rules for exports in win for Amazon
• Positive Sentiment: Several bullish research notes continue to frame AWS, custom silicon, and Amazon’s AI buildout as long-term growth drivers, with some investors arguing the capex surge should ultimately strengthen Amazon’s competitive moat. Amazon: Why The CapEx Surge Makes Me More Bullish, Not Less

Amazon.com Price Performance

Shares of AMZN stock opened at $232.11 on Friday. The firm has a market cap of $2.50 trillion, a price-to-earnings ratio of 27.76, a PEG ratio of 1.74 and a beta of 1.46. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $278.56. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average price of $248.26 and a 200 day moving average price of $236.32.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $1.15. The company had revenue of $181.52 billion for the quarter, compared to the consensus estimate of $177.28 billion. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The company’s revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.59 EPS. Research analysts expect that Amazon.com, Inc. will post 7.75 EPS for the current year.

Amazon.com Company Profile

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.