Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 13.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,393,158 shares of the e-commerce giant’s stock after selling 212,842 shares during the period. Amazon.com makes up 2.8% of Clal Insurance Enterprises Holdings Ltd’s holdings, making the stock its 8th largest position. Clal Insurance Enterprises Holdings Ltd’s holdings in Amazon.com were worth $305,645,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. purchased a new position in shares of Amazon.com in the fourth quarter worth $95,865,000. Jones Financial Companies Lllp increased its position in shares of Amazon.com by 40.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,504,944 shares of the e-commerce giant’s stock valued at $330,170,000 after acquiring an additional 434,898 shares during the period. Modera Wealth Management LLC raised its stake in Amazon.com by 0.9% in the 4th quarter. Modera Wealth Management LLC now owns 244,721 shares of the e-commerce giant’s stock worth $53,689,000 after acquiring an additional 2,218 shares during the last quarter. SRS Capital Advisors Inc. lifted its position in Amazon.com by 51.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 69,342 shares of the e-commerce giant’s stock worth $15,213,000 after acquiring an additional 23,521 shares during the period. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in Amazon.com during the 4th quarter worth about $54,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 5,501 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.44. Following the transaction, the chief executive officer now directly owns 505,318 shares in the company, valued at approximately $115,434,843.92. This represents a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,298 shares of company stock valued at $22,871,828. 10.80% of the stock is owned by company insiders.

Amazon.com Price Performance

NASDAQ:AMZN opened at $196.01 on Thursday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a market cap of $2.08 trillion, a PE ratio of 35.44, a P/E/G ratio of 1.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The stock has a 50 day moving average price of $214.60 and a 200 day moving average price of $209.22.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the subject of several research analyst reports. Royal Bank of Canada raised their price objective on Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. The Goldman Sachs Group lifted their price objective on shares of Amazon.com from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 7th. TD Cowen upped their price objective on shares of Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Cantor Fitzgerald reissued an “overweight” rating and set a $270.00 target price on shares of Amazon.com in a report on Friday, February 7th. Finally, Rosenblatt Securities upped their price target on shares of Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $260.53.

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.