Harel Insurance Investments & Financial Services Ltd. Trims Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Harel Insurance Investments & Financial Services Ltd. lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 581,765 shares of the e-commerce giant’s stock after selling 2,561 shares during the period. Amazon.com accounts for approximately 2.1% of Harel Insurance Investments & Financial Services Ltd.’s portfolio, making the stock its 16th largest holding. Harel Insurance Investments & Financial Services Ltd.’s holdings in Amazon.com were worth $127,633,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Midwest Financial Group LLC boosted its stake in shares of Amazon.com by 1.8% during the fourth quarter. Midwest Financial Group LLC now owns 5,529 shares of the e-commerce giant’s stock valued at $1,213,000 after purchasing an additional 99 shares during the period. Exchange Traded Concepts LLC raised its holdings in Amazon.com by 66.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 620,457 shares of the e-commerce giant’s stock valued at $136,122,000 after buying an additional 247,865 shares during the last quarter. CX Institutional boosted its position in Amazon.com by 7.8% during the 4th quarter. CX Institutional now owns 107,805 shares of the e-commerce giant’s stock valued at $23,651,000 after buying an additional 7,846 shares during the period. Berbice Capital Management LLC bought a new stake in Amazon.com in the 4th quarter worth $8,430,000. Finally, Encompass More Asset Management increased its position in shares of Amazon.com by 0.7% in the fourth quarter. Encompass More Asset Management now owns 12,162 shares of the e-commerce giant’s stock valued at $2,668,000 after acquiring an additional 84 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Trading Down 0.2 %

Shares of Amazon.com stock opened at $232.76 on Wednesday. The firm’s 50 day moving average is $227.38 and its 200 day moving average is $201.24. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The firm has a market capitalization of $2.45 trillion, a PE ratio of 42.09, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. Equities research analysts forecast that Amazon.com, Inc. will post 6.24 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was 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 $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 5,502 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $205.81, for a total value of $1,132,366.62. Following the sale, the chief executive officer now owns 518,911 shares in the company, valued at approximately $106,797,072.91. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,850 shares of company stock worth $6,168,581. 10.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AMZN shares. Citigroup reduced their target price on Amazon.com from $275.00 to $273.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Maxim Group upped their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Canaccord Genuity Group raised their target price on shares of Amazon.com from $265.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. The Goldman Sachs Group boosted their price target on shares of Amazon.com from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $260.52.

Amazon.com 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.