Financial services

Harel Insurance Investments & Financial Services Ltd. cuts its holdings in Amazon.com, Inc. (NASDAQ:AMZN)


Harel Insurance Investments & Financial Services Ltd. cut its stake in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 33.3% during the 1st quarter, according to its latest 13F filing with the Securities and Exchange Commission. The institutional investor held 30,022 shares of the e-commerce giant after selling 15,013 shares during the quarter. Amazon.com accounts for about 1.6% of Harel Insurance Investments & Financial Services Ltd.’s holdings, making it its 22nd largest position. The holdings of Harel Insurance Investments & Financial Services Ltd. on Amazon.com were worth $97,870,000 at the end of the last quarter.

Several other hedge funds and other institutional investors have also increased or reduced their stakes in AMZN. International Assets Investment Management LLC raised its position in Amazon.com by 2.0% in the fourth quarter. International Assets Investment Management LLC now owns 5,382 shares of the e-commerce giant valued at $17,945,000 after acquiring 105 additional shares last quarter. Carderock Capital Management Inc. increased its stake in Amazon.com by 1.9% in the fourth quarter. Carderock Capital Management Inc. now owns 594 shares of the e-commerce giant worth $1,981,000 after buying 11 more shares in the last quarter. Timber Creek Capital Management LLC increased its stake in Amazon.com by 3.4% in the fourth quarter. Timber Creek Capital Management LLC now owns 3,875 shares of the e-commerce giant worth $12,920,000 after buying 127 additional shares in the last quarter. Keel Point LLC increased its stake in Amazon.com by 10.4% in the fourth quarter. Keel Point LLC now owns 1,105 shares of the e-commerce giant worth $3,683,000 after buying 104 more shares in the last quarter. Finally, Desjardins International Asset Management Inc. acquired a new stake in Amazon.com in the fourth quarter worth approximately $13,313,000. 72.51% of the shares are held by institutional investors.

Insider activity on Amazon.com

Separately, Vice President Shelley Reynolds sold 173 shares of the company in a trade on Monday, May 23. The stock was sold at an average price of $2,169.22, for a total value of $375,275.06. Following the completion of the sale, the vice president now directly owns 5,989 shares of the company, valued at $12,991,458.58. The sale was disclosed in a filing with the SEC, accessible via this link. Separately, Vice President Shelley Reynolds sold 173 shares of the company in a trade on Monday, May 23. The stock was sold at an average price of $2,169.22, for a total value of $375,275.06. Following the completion of the sale, the vice president now directly owns 5,989 shares of the company, valued at $12,991,458.58. The sale was disclosed in a filing with the SEC, accessible via this link. Additionally, CEO David H. Clark sold 2,270 shares of the company in a trade on Monday, May 23. The stock was sold at an average price of $2,169.22, for a total value of $4,924,129.40. Following the completion of the sale, the CEO now owns 6,695 shares of the company, valued at $14,522,927.90. The disclosure of this sale can be found here. Insiders sold a total of 4,803 shares of the company worth $10,528,337 in the past 90 days. 12.70% of the shares are held by company insiders.

Amazon.com price performance

Amazon.com stock opened Friday at $140.80. The company has a market capitalization of $1.43 trillion, a price/earnings ratio of 126.22, a PEG ratio of 6.49 and a beta of 1.33. The company’s fifty-day moving average is $117.09 and its 200-day moving average is $134.33. The company has a quick ratio of 0.68, a current ratio of 0.95 and a debt ratio of 0.44. Amazon.com, Inc. has a 52-week low of $101.26 and a 52-week high of $188.11.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly results on Thursday, July 28. The e-commerce giant reported ($0.20) earnings per share (EPS) for the quarter, missing analyst consensus estimates of $0.15 per ($0.35). The company posted revenue of $121.23 billion for the quarter, versus $119.16 billion expected by analysts. Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. Amazon.com’s revenue for the quarter increased 7.2% compared to the same quarter last year. During the same period of the previous year, the company achieved EPS of $0.76. Sell-side analysts expect Amazon.com, Inc. to post EPS of 0.97 for the current fiscal year.

Changes to analyst ratings

AMZN has been the subject of several research reports. JMP Securities raised its price target on Amazon.com shares from $172.50 to $180.00 and gave the stock a “market outperforming” rating in a Friday, July 29 report. Telsey Advisory Group raised its price target on Amazon.com shares from $145.00 to $150.00 and gave the stock an “outperform” rating in a Friday, July 29 report. Deutsche Bank Aktiengesellschaft cut its price target on Amazon.com shares from $174.00 to $155.00 in a Thursday, July 21 research report. JPMorgan Chase & Co. cut its price target on Amazon.com shares from $200.00 to $175.00 and set an “overweight” rating for the company in a Wednesday, June 29 report. Finally, Rosenblatt Securities raised its price target on Amazon.com shares to $118.00 and gave the stock a “neutral” rating in a Friday, July 29 research note. Two research analysts rated the stock with a sell rating, two gave the company a hold rating and thirty-seven gave the company a buy rating. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $177.99.

About Amazon.com

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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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Institutional ownership by quarter for Amazon.com (NASDAQ:AMZN)



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