Harel Insurance Investments & Financial Services Ltd. Increases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Harel Insurance Investments boosted its holdings in Amazon by 6.0% during the first quarter, now owning 616,511 shares valued at approximately $117.3 million, making it the 18th largest position in their portfolio.
• Institutional investors hold 72.20% of Amazon's stock, with notable increases from firms like Vanguard and FMR LLC during the fourth quarter.
• Amazon.com reported an EPS of $1.59 for the last quarter, exceeding expectations and showing an 8.6% year-over-year revenue increase, bringing total revenue to $155.67 billion.

Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 616,511 shares of the e-commerce giant's stock after purchasing an additional 34,746 shares during the quarter. Amazon.com comprises 1.5% of Harel Insurance Investments & Financial Services Ltd.'s investment portfolio, making the stock its 18th biggest holding. Harel Insurance Investments & Financial Services Ltd.'s holdings in Amazon.com were worth $117,297,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AMZN. Paul R. Ried Financial Group LLC grew its stake in shares of Amazon.com by 41.4% in the first quarter. Paul R. Ried Financial Group LLC now owns 10,993 shares of the e-commerce giant's stock worth $2,092,000 after acquiring an additional 3,218 shares during the last quarter. IFM Investors Pty Ltd increased its position in Amazon.com by 8.7% during the first quarter. IFM Investors Pty Ltd now owns 1,890,875 shares of the e-commerce giant's stock valued at $352,327,000 after acquiring an additional 151,179 shares during the last quarter. GF Fund Management CO. LTD. increased its holdings in Amazon.com by 12.0% in the 1st quarter. GF Fund Management CO. LTD. now owns 1,192,024 shares of the e-commerce giant's stock worth $226,794,000 after acquiring an additional 127,683 shares in the last quarter. 4J Wealth Management LLC increased its holdings in Amazon.com by 4.4% in the 1st quarter. 4J Wealth Management LLC now owns 13,047 shares of the e-commerce giant's stock worth $2,482,000 after acquiring an additional 548 shares in the last quarter. Finally, 44 Wealth Management LLC grew its position in shares of Amazon.com by 41.8% during the first quarter. 44 Wealth Management LLC now owns 7,090 shares of the e-commerce giant's stock worth $1,349,000 after purchasing an additional 2,089 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Down 8.3%

Amazon.com stock traded down $19.36 during trading on Friday, reaching $214.75. The stock had a trading volume of 122,007,379 shares, compared to its average volume of 44,843,602. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The stock has a market cap of $2.28 trillion, a PE ratio of 34.98, a P/E/G ratio of 1.71 and a beta of 1.33. The business has a 50 day moving average price of $217.93 and a 200 day moving average price of $209.23.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same quarter last year, the company posted $1.26 earnings per share. The business's quarterly revenue was up 13.3% compared to the same quarter last year. On average, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm'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 transaction, the insider owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 25,099,537 shares of company stock worth $5,674,394,548 over the last 90 days. Company insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of recent research reports. Benchmark reissued a "buy" rating and issued a $260.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. BMO Capital Markets lifted their target price on Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a research report on Friday. Deutsche Bank Aktiengesellschaft boosted their price target on Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. Susquehanna boosted their target price on Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a research note on Friday. Finally, Wedbush boosted their target price on Amazon.com from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating, forty-six have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $260.85.

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.