Clal Insurance Enterprises Holdings Ltd Acquires 652,000 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Clal Insurance Enterprises Holdings Ltd increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 56.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,798,000 shares of the e-commerce giant’s stock after acquiring an additional 652,000 shares during the period. Amazon.com comprises approximately 3.2% of Clal Insurance Enterprises Holdings Ltd’s portfolio, making the stock its 9th biggest holding. Clal Insurance Enterprises Holdings Ltd’s holdings in Amazon.com were worth $228,562,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of AMZN. Vanguard Group Inc. lifted its position in shares of Amazon.com by 1.8% during the third quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock worth $79,275,249,000 after acquiring an additional 12,456,995 shares in the last quarter. State Street Corp lifted its position in shares of Amazon.com by 1.2% during the second quarter. State Street Corp now owns 335,869,897 shares of the e-commerce giant’s stock worth $43,784,000,000 after acquiring an additional 3,970,330 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Amazon.com by 1,838.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after acquiring an additional 295,880,050 shares in the last quarter. FMR LLC lifted its position in shares of Amazon.com by 1,792.4% during the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after acquiring an additional 270,931,640 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Amazon.com by 2.9% during the second quarter. Geode Capital Management LLC now owns 170,151,722 shares of the e-commerce giant’s stock worth $22,116,108,000 after acquiring an additional 4,842,542 shares in the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $172.34 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a one year low of $88.12 and a one year high of $175.39. The company has a 50-day simple moving average of $154.96 and a two-hundred day simple moving average of $142.61. The firm has a market capitalization of $1.79 trillion, a PE ratio of 59.43, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. During the same period last year, the business posted $0.21 earnings per share. Amazon.com’s quarterly revenue was up 13.9% compared to the same quarter last year. On average, analysts anticipate that Amazon.com, Inc. will post 4.03 EPS for the current fiscal year.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the transaction, the insider now directly owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the transaction, the insider now directly owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 10,756 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $144.60, for a total transaction of $1,555,317.60. Following the sale, the chief executive officer now directly owns 117,904 shares of the company’s stock, valued at approximately $17,048,918.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,080,878 shares of company stock worth $1,033,083,657. Insiders own 12.70% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on AMZN shares. Morgan Stanley increased their target price on Amazon.com from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. increased their target price on Amazon.com from $190.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Stifel Nicolaus upped their price target on shares of Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Mizuho upped their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Piper Sandler increased their target price on Amazon.com from $185.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com currently has an average rating of “Buy” and a consensus target price of $197.95.

Read Our Latest Report on Amazon.com

About Amazon.com

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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