Bank Hapoalim BM Grows Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Bank Hapoalim BM increased its stake in Amazon.com, Inc. by 42.7% during the first quarter, making it the 26th largest holding in their portfolio, valued at approximately $7.8 million.
• Amazon reported earnings of $1.68 per share, exceeding the consensus estimate by $0.37, and its revenue reached $167.7 billion, marking a 13.3% year-over-year growth.
• Insider Jeffrey P. Bezos sold over 2.6 million shares for approximately $609 million, which represents a 0.3% decrease in his overall ownership of the company.

Bank Hapoalim BM boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 42.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,929 shares of the e-commerce giant's stock after acquiring an additional 12,252 shares during the period. Amazon.com comprises about 1.1% of Bank Hapoalim BM's portfolio, making the stock its 26th largest position. Bank Hapoalim BM's holdings in Amazon.com were worth $7,787,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Ninety One SA PTY Ltd lifted its position in shares of Amazon.com by 5.8% during the first quarter. Ninety One SA PTY Ltd now owns 195,567 shares of the e-commerce giant's stock valued at $36,752,000 after buying an additional 10,753 shares during the last quarter. Ninety One UK Ltd lifted its position in shares of Amazon.com by 9.2% during the first quarter. Ninety One UK Ltd now owns 5,725,899 shares of the e-commerce giant's stock valued at $1,089,410,000 after buying an additional 484,714 shares during the last quarter. China Universal Asset Management Co. Ltd. lifted its position in shares of Amazon.com by 18.7% during the first quarter. China Universal Asset Management Co. Ltd. now owns 281,310 shares of the e-commerce giant's stock valued at $53,522,000 after buying an additional 44,221 shares during the last quarter. Horst & Graben Wealth Management LLC lifted its position in shares of Amazon.com by 27.8% during the first quarter. Horst & Graben Wealth Management LLC now owns 7,384 shares of the e-commerce giant's stock valued at $1,405,000 after buying an additional 1,605 shares during the last quarter. Finally, Jessup Wealth Management Inc raised its position in shares of Amazon.com by 3.8% in the 1st quarter. Jessup Wealth Management Inc now owns 156,254 shares of the e-commerce giant's stock valued at $29,729,000 after purchasing an additional 5,762 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Down 8.3%

Shares of Amazon.com stock traded down $19.36 on Friday, reaching $214.75. 122,007,379 shares of the company were exchanged, compared to its average volume of 43,924,596. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a market cap of $2.28 trillion, a P/E ratio of 32.74, a price-to-earnings-growth ratio of 1.57 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The stock's 50 day moving average price is $218.20 and its 200-day moving average price is $209.11.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The business 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 company posted $1.26 earnings per share. The business's revenue for the quarter was up 13.3% on a year-over-year basis. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Rosenblatt Securities increased their price objective on shares of Amazon.com from $288.00 to $297.00 and gave the company a "buy" rating in a research report on Friday. Raymond James Financial reiterated an "outperform" rating and issued a $195.00 price target (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Roth Capital set a $250.00 price target on shares of Amazon.com and gave the stock a "buy" rating in a report on Tuesday, July 8th. Piper Sandler increased their price target on shares of Amazon.com from $250.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Citizens Jmp began coverage on shares of Amazon.com in a report on Thursday, July 10th. They issued a "strong-buy" rating on the stock. 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 stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $262.45.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 25,099,537 shares of company stock valued at $5,674,394,548 over the last three months. Corporate insiders own 10.80% of the company's stock.

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.