Israel Discount Bank of New York Has $416,000 Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Israel Discount Bank of New York reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 33.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,186 shares of the e-commerce giant’s stock after selling 1,099 shares during the period. Amazon.com accounts for about 0.3% of Israel Discount Bank of New York’s portfolio, making the stock its 23rd largest holding. Israel Discount Bank of New York’s holdings in Amazon.com were worth $416,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Norges Bank bought a new stake in shares of Amazon.com during the 4th quarter worth approximately $27,266,582,000. GAMMA Investing LLC increased its holdings in Amazon.com by 21,420.5% during the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock worth $5,754,425,000 after buying an additional 30,104,520 shares during the last quarter. Capital World Investors raised its position in Amazon.com by 36.8% during the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock worth $14,416,078,000 after acquiring an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. lifted its stake in Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after acquiring an additional 17,635,391 shares during the last quarter. Finally, Capital International Investors grew its position in shares of Amazon.com by 26.5% in the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant’s stock valued at $12,564,961,000 after acquiring an additional 12,000,745 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

NASDAQ AMZN opened at $222.19 on Thursday. The firm’s fifty day moving average price is $218.92 and its two-hundred day moving average price is $209.05. The stock has a market cap of $2.37 trillion, a PE ratio of 33.87, a PEG ratio of 1.44 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. Amazon.com’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter last year, the business posted $1.26 EPS. On average, equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the sale, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 25,102,037 shares of company stock valued at $5,674,937,048 in the last ninety days. 9.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AMZN shares. UBS Group reaffirmed a “buy” rating and issued a $271.00 target price (up from $249.00) on shares of Amazon.com in a report on Monday, July 28th. HSBC boosted their price target on Amazon.com from $240.00 to $256.00 in a research report on Tuesday, July 22nd. Sanford C. Bernstein set a $235.00 price objective on Amazon.com and gave the company an “outperform” rating in a research note on Tuesday, July 1st. Cantor Fitzgerald lifted their target price on Amazon.com from $260.00 to $280.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, Stifel Nicolaus boosted their target price on Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. One analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and an average target price of $262.45.

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.