Amazon.com, Inc. (NASDAQ:AMZN) is Migdal Insurance & Financial Holdings Ltd.’s 6th Largest Position

Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the 4th quarter, HoldingsChannel reports. The firm owned 1,210,725 shares of the e-commerce giant’s stock after purchasing an additional 9,082 shares during the period. Amazon.com comprises approximately 3.7% of Migdal Insurance & Financial Holdings Ltd.’s holdings, making the stock its 6th largest position. Migdal Insurance & Financial Holdings Ltd.’s holdings in Amazon.com were worth $183,958,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the business. Members Trust Co increased its stake in Amazon.com by 8.9% in the 4th quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000 after purchasing an additional 341 shares in the last quarter. Cherrydale Wealth Management LLC increased its position in shares of Amazon.com by 14.7% in the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after buying an additional 675 shares in the last quarter. Tompkins Financial Corp raised its stake in shares of Amazon.com by 3.3% during the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after buying an additional 2,273 shares during the last quarter. Nicholas Company Inc. boosted its position in shares of Amazon.com by 3.9% in the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after buying an additional 26,465 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in Amazon.com by 5.4% in the 4th quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock valued at $825,065,000 after acquiring an additional 277,631 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In related news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $173.33, for a total value of $1,039,780,497.17. Following the completion of the sale, the insider now directly owns 970,255,270 shares of the company’s stock, valued at $168,174,345,949.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,197,961 shares of company stock valued at $4,482,244,357. 10.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. DA Davidson restated a “buy” rating and set a $235.00 target price on shares of Amazon.com in a research report on Thursday, April 18th. Barclays upped their target price on Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Mizuho raised their price target on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Loop Capital upped their price objective on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Monday. Finally, Truist Financial increased their price objective on Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $211.62.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $188.76 on Wednesday. The firm has a 50-day moving average of $179.60 and a two-hundred day moving average of $161.63. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The stock has a market cap of $1.96 trillion, a P/E ratio of 52.87, a PEG ratio of 1.35 and a beta of 1.15. Amazon.com, Inc. has a 1-year low of $104.70 and a 1-year high of $189.94.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. During the same quarter last year, the firm earned $0.31 EPS. Amazon.com’s quarterly revenue was up 12.5% on a year-over-year basis. On average, research analysts expect that Amazon.com, Inc. will post 4.67 earnings per share for the current fiscal year.

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.