C WorldWide Group Holding A S Has $571.70 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• C WorldWide Group Holding A S has reduced its holdings in Amazon.com, owning 3,004,827 shares which represent 7.1% of its portfolio, making it the second largest position in their investments.
• Amazon's quarterly earnings surpassed expectations, reporting an EPS of $1.68 compared to analysts' estimates of $1.31, with revenue reaching $167.70 billion.
• Insider Jeffrey P. Bezos sold over 4.2 million shares of Amazon, resulting in a reduction of his holdings by 0.47% and bringing the total value of his remaining shares to approximately $201.82 billion.

C WorldWide Group Holding A S reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,004,827 shares of the e-commerce giant's stock after selling 50,405 shares during the quarter. Amazon.com comprises 7.1% of C WorldWide Group Holding A S's holdings, making the stock its 2nd largest position. C WorldWide Group Holding A S's holdings in Amazon.com were worth $571,698,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Amazon.com by 20.5% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,300,900 shares of the e-commerce giant's stock worth $247,509,000 after purchasing an additional 221,000 shares during the period. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management increased its holdings in shares of Amazon.com by 8.6% during the first quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management now owns 91,200 shares of the e-commerce giant's stock worth $17,352,000 after purchasing an additional 7,200 shares during the period. Ring Mountain Capital LLC increased its holdings in shares of Amazon.com by 1.6% during the first quarter. Ring Mountain Capital LLC now owns 34,946 shares of the e-commerce giant's stock worth $6,649,000 after purchasing an additional 551 shares during the period. Gradient Capital Advisors LLC increased its holdings in shares of Amazon.com by 0.8% during the first quarter. Gradient Capital Advisors LLC now owns 9,426 shares of the e-commerce giant's stock worth $1,793,000 after purchasing an additional 72 shares during the period. Finally, Alexander Labrunerie & CO. Inc. increased its holdings in shares of Amazon.com by 0.5% during the first quarter. Alexander Labrunerie & CO. Inc. now owns 32,413 shares of the e-commerce giant's stock worth $6,167,000 after purchasing an additional 169 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Up 0.0%

AMZN traded up $0.05 during midday trading on Friday, hitting $231.03. The company had a trading volume of 39,600,434 shares, compared to its average volume of 47,994,872. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $2.46 trillion, a price-to-earnings ratio of 35.22, a PEG ratio of 1.56 and a beta of 1.31. The stock's 50 day moving average price is $221.41 and its 200 day moving average price is $208.64.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results 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. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the previous year, the firm posted $1.26 earnings per share. The business's revenue was up 13.3% compared to the same quarter last year. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMZN has been the topic of several recent research reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Amazon.com in a report on Friday, August 1st. Wedbush raised their target price on shares of Amazon.com from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Needham & Company LLC reaffirmed a "buy" rating and set a $265.00 target price on shares of Amazon.com in a report on Friday, August 1st. Wells Fargo & Company increased their price target on shares of Amazon.com from $238.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. Finally, Raymond James Financial reiterated an "outperform" rating and set a $195.00 price target (down previously from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. One equities research analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $262.87.

Insider Activity

In other news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $217.00, for a total transaction of $542,500.00. Following the completion of the sale, the chief executive officer directly owned 512,050 shares of the company's stock, valued at $111,114,850. The trade was a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the business's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the sale, the insider directly owned 883,779,901 shares of the company's stock, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,096,253 shares of company stock valued at $5,673,745,409. 9.70% of the stock is currently owned by insiders.

Amazon.com Company 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.