Migdal Insurance & Financial Holdings Ltd. Has $201.22 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Migdal Insurance & Financial Holdings Ltd. grew its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,079,900 shares of the e-commerce giant's stock after acquiring an additional 72,900 shares during the period. Amazon.com comprises about 3.3% of Migdal Insurance & Financial Holdings Ltd.'s portfolio, making the stock its 10th largest holding. Migdal Insurance & Financial Holdings Ltd.'s holdings in Amazon.com were worth $201,218,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of AMZN. PayPay Securities Corp lifted its holdings in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Hoese & Co LLP acquired a new stake in shares of Amazon.com during the 3rd quarter worth about $37,000. Bull Oak Capital LLC acquired a new stake in shares of Amazon.com during the 3rd quarter worth about $45,000. Christopher J. Hasenberg Inc grew its stake in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock valued at $58,000 after buying an additional 260 shares during the last quarter. Finally, Values First Advisors Inc. bought a new position in Amazon.com in the 3rd quarter valued at about $56,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $250.00 target price on shares of Amazon.com in a research report on Tuesday, December 10th. Telsey Advisory Group upped their price objective on Amazon.com from $215.00 to $235.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Pivotal Research began coverage on Amazon.com in a report on Friday, October 11th. They set a "buy" rating and a $260.00 target price for the company. Redburn Atlantic upped their price target on shares of Amazon.com from $225.00 to $235.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Amazon.com from $250.00 to $280.00 and gave the stock an "overweight" rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $243.00.

Amazon.com Trading Up 0.7 %

Amazon.com stock traded up $1.63 during mid-day trading on Friday, hitting $224.92. 87,060,734 shares of the stock were exchanged, compared to its average volume of 41,415,395. The firm's fifty day simple moving average is $205.83 and its two-hundred day simple moving average is $191.30. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12 month low of $144.05 and a 12 month high of $233.00. The stock has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 48.16, a PEG ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business's quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the company posted $0.85 EPS. Analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 15,260 shares of Amazon.com stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the transaction, the chief executive officer now owns 349,261 shares of the company's stock, valued at $69,918,559.59. This trade represents a 4.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the company's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares of the company's stock, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,034,534 shares of company stock worth $1,253,883,872 in the last quarter. Company 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.