Yahav Achim Ve Achayot Provident Funds Management Co Ltd. decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 50.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,500 shares of the e-commerce giant’s stock after selling 4,500 shares during the period. Amazon.com makes up about 2.3% of Yahav Achim Ve Achayot Provident Funds Management Co Ltd.’s portfolio, making the stock its 15th biggest holding. Yahav Achim Ve Achayot Provident Funds Management Co Ltd.’s holdings in Amazon.com were worth $838,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. PayPay Securities Corp grew its holdings in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Hoese & Co LLP bought a new position in Amazon.com in the 3rd quarter valued at approximately $37,000. Bull Oak Capital LLC acquired a new stake in Amazon.com in the third quarter valued at approximately $45,000. Values First Advisors Inc. bought a new stake in shares of Amazon.com during the third quarter worth $56,000. Finally, Christopher J. Hasenberg Inc increased its holdings in shares of Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares in the last quarter. 72.20% of the stock is owned by institutional investors.
Amazon.com Stock Performance
AMZN opened at $220.22 on Friday. Amazon.com, Inc. has a 1-year low of $144.05 and a 1-year high of $233.00. The company has a market cap of $2.32 trillion, a price-to-earnings ratio of 47.16, a PEG ratio of 1.54 and a beta of 1.16. The company’s fifty day moving average price is $211.67 and its two-hundred day moving average price is $193.59. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.
Wall Street Analyst Weigh In
AMZN has been the topic of a number of research reports. Wedbush boosted their price objective on Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Maxim Group boosted their price target on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Redburn Atlantic upped 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. JMP Securities reiterated a “market outperform” rating and set a $285.00 target price on shares of Amazon.com in a research report on Monday, December 16th. Finally, Monness Crespi & Hardt upped their price target on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $243.00.
Get Our Latest Stock Report on Amazon.com
Insider Transactions at Amazon.com
In other Amazon.com news, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the sale, the director now directly owns 99,396 shares of the company’s stock, valued at approximately $19,864,290.60. This represents a 4.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 over the last ninety days. 10.80% of the stock is currently owned by insiders.
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.
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