Harel Insurance Investments & Financial Services Ltd. Sells 53 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Harel Insurance Investments & Financial Services Ltd. cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,206 shares of the e-commerce giant’s stock after selling 53 shares during the quarter. Amazon.com comprises 4.4% of Harel Insurance Investments & Financial Services Ltd.’s portfolio, making the stock its 5th biggest holding. Harel Insurance Investments & Financial Services Ltd.’s holdings in Amazon.com were worth $127,474,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Woodstock Corp grew its holdings in Amazon.com by 2.2% in the 2nd quarter. Woodstock Corp now owns 182 shares of the e-commerce giant’s stock valued at $502,000 after buying an additional 4 shares in the last quarter. RVW Wealth LLC grew its holdings in shares of Amazon.com by 0.9% during the 2nd quarter. RVW Wealth LLC now owns 465 shares of the e-commerce giant’s stock worth $1,283,000 after purchasing an additional 4 shares in the last quarter. Pratt Collard Advisory Partners LLC lifted its position in shares of Amazon.com by 3.7% during the 1st quarter. Pratt Collard Advisory Partners LLC now owns 139 shares of the e-commerce giant’s stock worth $271,000 after buying an additional 5 shares during the last quarter. Ballast Advisors LLC lifted its position in shares of Amazon.com by 0.8% during the 1st quarter. Ballast Advisors LLC now owns 624 shares of the e-commerce giant’s stock worth $1,217,000 after buying an additional 5 shares during the last quarter. Finally, Cortland Associates Inc. MO lifted its position in shares of Amazon.com by 0.4% during the 1st quarter. Cortland Associates Inc. MO now owns 1,241 shares of the e-commerce giant’s stock worth $2,420,000 after buying an additional 5 shares during the last quarter. 64.54% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently weighed in on AMZN. Barclays upped their price objective on Amazon.com from $2,500.00 to $3,430.00 and gave the stock an “overweight” rating in a research report on Monday. Mizuho upped their price objective on Amazon.com from $3,100.00 to $3,450.00 and gave the stock a “buy” rating in a research report on Monday. Bank of America upped their price objective on Amazon.com from $2,600.00 to $3,000.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Royal Bank of Canada restated a “buy” rating on shares of Amazon.com in a research report on Tuesday, June 9th. Finally, Susquehanna Bancshares reiterated a “positive” rating and issued a $3,000.00 target price (up from $2,500.00) on shares of Amazon.com in a research report on Friday, May 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, forty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $2,770.89.

In other news, CEO Andrew R. Jassy sold 6,945 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $2,256.50, for a total value of $15,671,392.50. Following the transaction, the chief executive officer now owns 93,105 shares in the company, valued at $210,091,432.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Indra K. Nooyi bought 27 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was bought at an average price of $2,806.80 per share, for a total transaction of $75,783.60. Following the acquisition, the director now directly owns 707 shares of the company’s stock, valued at $1,984,407.60. The disclosure for this purchase can be found here. Insiders sold 9,497 shares of company stock worth $21,605,827 in the last 90 days. Corporate insiders own 16.10% of the company’s stock.

Amazon.com stock traded down $127.96 during mid-day trading on Tuesday, reaching $2,976.04. The stock had a trading volume of 2,428,623 shares, compared to its average volume of 4,505,769. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.84 and a current ratio of 1.08. Amazon.com, Inc. has a fifty-two week low of $1,626.03 and a fifty-two week high of $3,344.29. The stock’s 50-day simple moving average is $2,681.70 and its 200-day simple moving average is $2,209.15. The firm has a market capitalization of $1,548.21 billion, a PE ratio of 142.19, a price-to-earnings-growth ratio of 6.51 and a beta of 1.32.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, April 30th. The e-commerce giant reported $5.01 EPS for the quarter, missing the Zacks’ consensus estimate of $6.36 by ($1.35). Amazon.com had a net margin of 3.56% and a return on equity of 17.83%. The firm had revenue of $75.45 billion during the quarter, compared to analyst estimates of $74.15 billion. During the same period last year, the business posted $7.09 EPS. The company’s revenue was up 26.4% on a year-over-year basis. On average, research analysts forecast that Amazon.com, Inc. will post 20.08 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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