Menora Mivtachim Holdings LTD. Reduces Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Menora Mivtachim Holdings LTD. reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 41.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,996 shares of the e-commerce giant’s stock after selling 24,175 shares during the quarter. Amazon.com makes up about 1.5% of Menora Mivtachim Holdings LTD.’s portfolio, making the stock its 27th biggest holding. Menora Mivtachim Holdings LTD.’s holdings in Amazon.com were worth $32,908,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Leavell Investment Management Inc. raised its holdings in shares of Amazon.com by 0.3% during the 2nd quarter. Leavell Investment Management Inc. now owns 394 shares of the e-commerce giant’s stock worth $381,000 after buying an additional 1 shares in the last quarter. SeaBridge Investment Advisors LLC raised its holdings in shares of Amazon.com by 0.4% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 272 shares of the e-commerce giant’s stock worth $263,000 after buying an additional 1 shares in the last quarter. Probity Advisors Inc. raised its holdings in shares of Amazon.com by 0.6% during the 2nd quarter. Probity Advisors Inc. now owns 320 shares of the e-commerce giant’s stock worth $310,000 after buying an additional 2 shares in the last quarter. Beaumont Financial Partners LLC grew its position in Amazon.com by 0.6% during the 1st quarter. Beaumont Financial Partners LLC now owns 545 shares of the e-commerce giant’s stock worth $483,000 after acquiring an additional 3 shares during the last quarter. Finally, Grimes & Company Inc. grew its position in Amazon.com by 0.4% during the 2nd quarter. Grimes & Company Inc. now owns 744 shares of the e-commerce giant’s stock worth $720,000 after acquiring an additional 3 shares during the last quarter. Institutional investors own 60.80% of the company’s stock.



In related news, CEO Jeffrey A. Wilke sold 2,800 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $955.20, for a total value of $2,674,560.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $9,552,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey A. Wilke sold 710 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $981.74, for a total transaction of $697,035.40. Following the completion of the sale, the chief executive officer now directly owns 15,312 shares of the company’s stock, valued at approximately $15,032,402.88. The disclosure for this sale can be found here. Insiders sold 9,083 shares of company stock valued at $8,874,850 in the last ninety days. Corporate insiders own 17.70% of the company’s stock.

Amazon.com, Inc. (NASDAQ:AMZN) opened at 972.43 on Friday. Amazon.com, Inc. has a 12-month low of $710.10 and a 12-month high of $1,083.31. The firm’s 50-day moving average is $976.74 and its 200 day moving average is $972.88. The firm has a market cap of $467.13 billion, a PE ratio of 247.31 and a beta of 1.47.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.57). The business had revenue of $43.74 billion during the quarter, compared to analyst estimates of $42.26 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The business’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 EPS. Equities research analysts predict that Amazon.com, Inc. will post $3.67 EPS for the current year.

AMZN has been the topic of a number of research reports. Credit Suisse Group restated an “outperform” rating on shares of Amazon.com in a research report on Thursday, August 31st. Monness Crespi & Hardt upgraded Amazon.com from a “neutral” rating to a “buy” rating and set a $1,250.00 price objective on the stock in a research report on Friday. Cowen and Company reiterated an “outperform” rating and issued a $1,125.00 price target on shares of Amazon.com in a research report on Thursday, August 10th. Zacks Investment Research lowered Amazon.com from a “hold” rating to a “strong sell” rating in a research report on Monday, July 24th. Finally, Barclays PLC upped their price target on Amazon.com from $1,120.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fifty-one have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $1,115.36.

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Amazon.com Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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