Ayalon Insurance Comp Ltd. Purchases 9,784 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Ayalon Insurance Comp Ltd. boosted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 69.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,798 shares of the e-commerce giant's stock after acquiring an additional 9,784 shares during the quarter. Amazon.com accounts for 1.5% of Ayalon Insurance Comp Ltd.'s holdings, making the stock its 19th largest holding. Ayalon Insurance Comp Ltd.'s holdings in Amazon.com were worth $4,528,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AMZN. Castlekeep Investment Advisors LLC bought a new stake in shares of Amazon.com in the fourth quarter worth $25,000. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com in the fourth quarter worth $27,000. LSV Asset Management bought a new stake in shares of Amazon.com in the fourth quarter worth $35,000. Perritt Capital Management Inc grew its stake in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares during the last quarter. Finally, Compass Planning Associates Inc bought a new stake in shares of Amazon.com in the fourth quarter worth $51,000. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Citizens Jmp reduced their price objective on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Rosenblatt Securities boosted their target price on shares of Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Wells Fargo & Company boosted their target price on shares of Amazon.com from $201.00 to $238.00 and gave the company an "equal weight" rating in a report on Tuesday. Scotiabank dropped their price objective on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a report on Monday, April 21st. Finally, UBS Group reissued a "buy" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Three research analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and a consensus target price of $246.41.

Insider Activity

In related news, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the transaction, the chief financial officer owned 49,000 shares of the company's stock, valued at approximately $9,876,930. This trade represents a 26.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David Zapolsky sold 13,570 shares of the stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the transaction, the senior vice president directly owned 47,030 shares in the company, valued at approximately $9,519,342.30. This represents a 22.39% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,426,963 shares of company stock worth $757,297,707. Corporate insiders own 10.80% of the company's stock.

Amazon.com Price Performance

NASDAQ AMZN traded down $2.57 on Tuesday, hitting $220.90. The stock had a trading volume of 24,024,065 shares, compared to its average volume of 41,943,196. 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 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The company has a market capitalization of $2.35 trillion, a price-to-earnings ratio of 35.98, a price-to-earnings-growth ratio of 1.68 and a beta of 1.33. The firm has a 50-day moving average of $207.16 and a 200-day moving average of $208.51.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company posted $0.98 EPS. Equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.