Migdal Insurance & Financial Holdings Ltd. Sells 71,866 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Migdal Insurance & Financial Holdings Ltd. decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 82.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,919 shares of the e-commerce giant’s stock after selling 71,866 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Amazon.com were worth $48,635,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMZN. International Assets Investment Management LLC raised its position in shares of Amazon.com by 2.0% in the 4th quarter. International Assets Investment Management LLC now owns 5,382 shares of the e-commerce giant’s stock worth $17,945,000 after acquiring an additional 105 shares in the last quarter. Stableford Capital II LLC increased its position in Amazon.com by 12.9% during the 4th quarter. Stableford Capital II LLC now owns 1,929 shares of the e-commerce giant’s stock valued at $5,577,000 after buying an additional 220 shares in the last quarter. Costello Asset Management INC increased its position in Amazon.com by 5.9% during the 4th quarter. Costello Asset Management INC now owns 2,775 shares of the e-commerce giant’s stock valued at $9,253,000 after buying an additional 155 shares in the last quarter. Suncoast Equity Management increased its position in Amazon.com by 1.4% during the 4th quarter. Suncoast Equity Management now owns 8,052 shares of the e-commerce giant’s stock valued at $26,848,000 after buying an additional 109 shares in the last quarter. Finally, Schubert & Co bought a new position in Amazon.com during the 4th quarter valued at approximately $77,000. Institutional investors own 72.51% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of analyst reports. Citigroup raised their price objective on Amazon.com from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Canaccord Genuity Group reaffirmed a “maintains” rating on shares of Amazon.com in a research report on Friday, July 29th. Itau BBA Securities assumed coverage on Amazon.com in a research report on Tuesday, July 26th. They set an “outperform” rating and a $146.00 price objective for the company. TheStreet downgraded Amazon.com from a “b” rating to a “c+” rating in a research note on Thursday, April 28th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Amazon.com from $155.00 to $175.00 and gave the company a “maintains” rating in a research note on Friday, July 29th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and thirty have assigned a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average price target of $179.45.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 1,181 shares of the business’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $2,262.00, for a total value of $2,671,422.00. Following the completion of the sale, the chief executive officer now owns 92,781 shares in the company, valued at $209,870,622. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Shelley Reynolds sold 173 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total value of $375,275.06. Following the completion of the transaction, the vice president now owns 5,989 shares of the company’s stock, valued at $12,991,458.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew R. Jassy sold 1,181 shares of the business’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $2,262.00, for a total transaction of $2,671,422.00. Following the completion of the transaction, the chief executive officer now directly owns 92,781 shares of the company’s stock, valued at approximately $209,870,622. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,803 shares of company stock worth $10,528,337. Company insiders own 12.70% of the company’s stock.

Amazon.com Stock Down 0.9 %

Shares of NASDAQ AMZN opened at $134.16 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.95. The firm has a market capitalization of $1.36 trillion, a price-to-earnings ratio of 120.27, a PEG ratio of 5.15 and a beta of 1.33. The stock has a 50 day moving average price of $115.29 and a 200 day moving average price of $134.71. Amazon.com, Inc. has a 52-week low of $101.26 and a 52-week high of $188.11.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). The firm had revenue of $121.23 billion during the quarter, compared to analysts’ expectations of $119.16 billion. Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 EPS. Sell-side analysts expect that Amazon.com, Inc. will post 1.12 earnings per share for the current year.

Amazon.com Profile

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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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