Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management Buys 7,200 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Mivtachim The Workers Social Insurance Fund Ltd. increased its holdings in Amazon.com, acquiring 7,200 additional shares, bringing its total to 91,200 shares, which is valued at approximately $17.35 million.
• Amazon.com recently reported strong quarterly earnings of $1.68 per share, exceeding analyst expectations, with revenue of $167.70 billion, a 13.3% increase year-over-year.
• Multiple analysts have issued buy ratings for Amazon, with several increasing their price targets, reflecting a consensus optimistic outlook for the stock.

Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,200 shares of the e-commerce giant's stock after acquiring an additional 7,200 shares during the quarter. Amazon.com makes up approximately 2.9% of Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management's holdings, making the stock its 13th largest holding. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management's holdings in Amazon.com were worth $17,352,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Ring Mountain Capital LLC boosted its holdings in shares of Amazon.com by 1.6% in the 1st quarter. Ring Mountain Capital LLC now owns 34,946 shares of the e-commerce giant's stock worth $6,649,000 after acquiring an additional 551 shares in the last quarter. Gradient Capital Advisors LLC raised its position in Amazon.com by 0.8% in the 1st 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 last quarter. Alexander Labrunerie & CO. Inc. raised its position in Amazon.com by 0.5% in the 1st 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 last quarter. Carson Advisory Inc. raised its position in Amazon.com by 2.9% in the 1st quarter. Carson Advisory Inc. now owns 4,777 shares of the e-commerce giant's stock worth $909,000 after purchasing an additional 136 shares during the last quarter. Finally, Sachetta LLC raised its position in Amazon.com by 3.6% in the 1st quarter. Sachetta LLC now owns 10,401 shares of the e-commerce giant's stock worth $1,979,000 after purchasing an additional 361 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Up 0.0%

Shares of Amazon.com stock traded up $0.05 during trading hours on Friday, reaching $231.03. 39,600,434 shares of the company's stock were exchanged, compared to its average volume of 47,994,872. The company has a 50 day moving average of $221.41 and a two-hundred day moving average of $208.64. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock has a market cap of $2.46 trillion, a P/E ratio of 35.22, a P/E/G ratio of 1.56 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted 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 net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the prior year, the business posted $1.26 EPS. The company's quarterly revenue was up 13.3% on a year-over-year basis. On average, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on AMZN shares. The Goldman Sachs Group restated a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Benchmark restated a "buy" rating and issued a $260.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Susquehanna boosted their price objective on shares of Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a research report on Friday, August 1st. BNP Paribas Exane upgraded shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price objective for the company in a research report on Friday, June 27th. Finally, Bank of America upped their target price on shares of Amazon.com from $265.00 to $272.00 and gave the company a "buy" rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $262.87.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This represents a 0.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders have sold 25,096,253 shares of company stock worth $5,673,745,409. Corporate insiders own 9.70% of the company's stock.

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.