Psagot Investment House Ltd. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.7% during the second quarter, HoldingsChannel reports. The fund owned 2,665 shares of the e-commerce giant’s stock after buying an additional 120 shares during the period. Psagot Investment House Ltd.’s holdings in Amazon.com were worth $5,047,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AMZN. Thoroughbred Financial Services LLC grew its position in shares of Amazon.com by 191,406.0% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 9,307,191 shares of the e-commerce giant’s stock valued at $930,719,000 after acquiring an additional 9,302,331 shares during the period. Fisher Asset Management LLC grew its position in shares of Amazon.com by 3.3% in the 4th quarter. Fisher Asset Management LLC now owns 1,620,827 shares of the e-commerce giant’s stock valued at $2,434,435,000 after acquiring an additional 51,724 shares during the period. Clearbridge Investments LLC grew its position in shares of Amazon.com by 3.5% in the 1st quarter. Clearbridge Investments LLC now owns 1,117,536 shares of the e-commerce giant’s stock valued at $1,990,052,000 after acquiring an additional 37,940 shares during the period. Amundi Pioneer Asset Management Inc. grew its position in shares of Amazon.com by 20.4% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 687,487 shares of the e-commerce giant’s stock valued at $1,224,242,000 after acquiring an additional 116,401 shares during the period. Finally, First Trust Advisors LP grew its position in shares of Amazon.com by 7.4% in the 1st quarter. First Trust Advisors LP now owns 556,710 shares of the e-commerce giant’s stock valued at $991,361,000 after acquiring an additional 38,536 shares during the period. Institutional investors and hedge funds own 57.17% of the company’s stock.

A number of brokerages have recently commented on AMZN. Oppenheimer set a $2,100.00 price objective on shares of Amazon.com and gave the company a “buy” rating in a research report on Friday, July 26th. Bank of America reissued a “buy” rating and issued a $2,350.00 price objective (up previously from $2,300.00) on shares of Amazon.com in a research report on Friday, July 26th. BidaskClub downgraded shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Saturday, July 27th. Raymond James set a $2,080.00 target price on shares of Amazon.com and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, Benchmark reaffirmed a “buy” rating and set a $2,300.00 target price on shares of Amazon.com in a report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and forty-two have assigned a buy rating to the stock. Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $2,251.95.

In related news, insider David Zapolsky sold 763 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $2,000.00, for a total transaction of $1,526,000.00. Following the completion of the transaction, the insider now directly owns 2,698 shares in the company, valued at approximately $5,396,000. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 379 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $1,838.32, for a total transaction of $696,723.28. Following the transaction, the vice president now owns 6,307 shares of the company’s stock, valued at $11,594,284.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,093 shares of company stock valued at $23,535,023. 16.10% of the stock is owned by corporate insiders.

Shares of NASDAQ:AMZN traded up $44.14 during midday trading on Tuesday, hitting $1,829.06. The stock had a trading volume of 1,331,026 shares, compared to its average volume of 3,796,725. The stock has a 50-day moving average price of $1,917.30. The company has a market capitalization of $894.13 billion, a P/E ratio of 90.82, a P/E/G ratio of 2.29 and a beta of 1.55. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.44. Amazon.com, Inc. has a fifty-two week low of $1,307.00 and a fifty-two week high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 EPS for the quarter, missing the consensus estimate of $5.29 by ($0.07). The firm had revenue of $63.40 billion during the quarter, compared to analyst estimates of $62.59 billion. Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. Amazon.com’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.07 earnings per share. As a group, equities research analysts expect that Amazon.com, Inc. will post 24.52 earnings per share for the current fiscal year.

Amazon.com Company Profile

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

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

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