Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,007,000 shares of the e-commerce giant’s stock after selling 120,562 shares during the period. Amazon.com makes up about 3.2% of Migdal Insurance & Financial Holdings Ltd.’s portfolio, making the stock its 9th biggest position. Migdal Insurance & Financial Holdings Ltd.’s holdings in Amazon.com were worth $194,603,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Amazon.com by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after purchasing an additional 14,724,687 shares in the last quarter. Norges Bank purchased a new position in shares of Amazon.com during the 4th quarter valued at approximately $17,700,551,000. Capital Research Global Investors increased its holdings in shares of Amazon.com by 8.5% during the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after purchasing an additional 6,810,145 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Amazon.com by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock valued at $13,091,909,000 after purchasing an additional 289,532 shares in the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of Amazon.com by 0.5% during the 1st quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock valued at $10,221,446,000 after purchasing an additional 295,132 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Up 0.9 %

NASDAQ AMZN opened at $191.60 on Friday. The firm’s 50-day moving average is $178.54 and its two-hundred day moving average is $182.04. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The stock has a market capitalization of $1.99 trillion, a P/E ratio of 53.67, a PEG ratio of 1.39 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The company had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. UBS Group lifted their target price on shares of Amazon.com from $217.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Maxim Group boosted their price target on shares of Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Roth Mkm boosted their price target on shares of Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Barclays boosted their price target on shares of Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Benchmark reissued a “buy” rating and issued a $200.00 price target on shares of Amazon.com in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com presently has an average rating of “Buy” and an average target price of $222.84.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 1,228,993 shares of the business’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the sale, the insider now directly owns 930,696,284 shares in the company, valued at $186,474,307,462.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, insider Jeffrey P. Bezos sold 1,463,437 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $200.08, for a total transaction of $292,804,474.96. Following the sale, the insider now directly owns 935,211,842 shares in the company, valued at $187,117,185,347.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 1,228,993 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the sale, the insider now owns 930,696,284 shares in the company, valued at $186,474,307,462.24. The disclosure for this sale can be found here. Insiders have sold 6,104,317 shares of company stock valued at $1,220,621,322 over the last 90 days. 10.80% of the stock is owned by insiders.

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.