Meitav Investment House Ltd. Increases Holdings in Amazon.com, Inc. $AMZN

Meitav Investment House Ltd. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 621,483 shares of the e-commerce giant’s stock after buying an additional 13,313 shares during the quarter. Amazon.com comprises 2.1% of Meitav Investment House Ltd.’s holdings, making the stock its 14th largest position. Meitav Investment House Ltd.’s holdings in Amazon.com were worth $136,409,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in AMZN. Carderock Capital Management Inc. purchased a new position in Amazon.com during the second quarter worth approximately $27,000. Cooksen Wealth LLC purchased a new stake in Amazon.com in the first quarter valued at $36,000. Inlight Wealth Management LLC purchased a new stake in Amazon.com in the first quarter valued at $40,000. Capitol Family Office Inc. purchased a new stake in Amazon.com in the first quarter valued at $42,000. Finally, Maryland Capital Advisors Inc. raised its position in Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 95 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on AMZN. Wedbush lifted their target price on Amazon.com from $250.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday. JPMorgan Chase & Co. lifted their target price on Amazon.com from $255.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Canaccord Genuity Group restated a “buy” rating and issued a $280.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Morgan Stanley restated an “overweight” rating on shares of Amazon.com in a research report on Wednesday, September 10th. Finally, Sanford C. Bernstein set a $235.00 target price on Amazon.com and gave the company an “outperform” rating in a research report on Tuesday, July 1st. Four investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $268.69.

Amazon.com Trading Up 1.4%

AMZN opened at $224.21 on Friday. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The stock has a market capitalization of $2.39 trillion, a price-to-earnings ratio of 34.18, a PEG ratio of 1.46 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The business has a fifty day moving average price of $225.10 and a 200 day moving average price of $213.97.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. During the same period in the previous year, the firm posted $1.26 EPS. Amazon.com’s revenue for the quarter was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 6,835 shares of Amazon.com stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.62, for a total transaction of $1,514,772.70. Following the completion of the sale, the chief executive officer directly owned 520,507 shares of the company’s stock, valued at $115,354,761.34. The trade was a 1.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value of $4,403,237.76. Following the sale, the chief executive officer directly owned 2,178,502 shares of the company’s stock, valued at $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 97,911 shares of company stock worth $21,765,202 over the last three months. Company insiders own 9.70% of the company’s stock.

Amazon.com Profile

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.