Bank Hapoalim BM Sells 47,361 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on Apr 18th, 2023

Bank Hapoalim BM lessened its position in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 70.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,098 shares of the e-commerce giant’s stock after selling 47,361 shares during the period. Bank Hapoalim BM’s holdings in Amazon.com were worth $1,688,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dohj LLC lifted its stake in shares of Amazon.com by 1.8% in the third quarter. Dohj LLC now owns 24,839 shares of the e-commerce giant’s stock worth $2,807,000 after buying an additional 451 shares in the last quarter. Bassett Hargrove Investment Counsel LLC purchased a new position in shares of Amazon.com during the third quarter valued at approximately $2,120,000. Obermeyer Wood Investment Counsel Lllp raised its holdings in shares of Amazon.com by 1.2% during the third quarter. Obermeyer Wood Investment Counsel Lllp now owns 313,317 shares of the e-commerce giant’s stock valued at $35,405,000 after purchasing an additional 3,840 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Amazon.com by 0.8% during the third quarter. Asset Management One Co. Ltd. now owns 4,185,666 shares of the e-commerce giant’s stock valued at $472,980,000 after purchasing an additional 32,781 shares during the last quarter. Finally, West Coast Financial LLC purchased a new position in shares of Amazon.com during the third quarter valued at approximately $210,000. Institutional investors own 57.64% of the company’s stock.

Amazon.com Trading Up 0.2 %

Shares of AMZN opened at $102.74 on Tuesday. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $158.65. The company has a market cap of $1.05 trillion, a P/E ratio of -383.34, a P/E/G ratio of 4.18 and a beta of 1.26. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. The company’s fifty day simple moving average is $97.96 and its 200-day simple moving average is $98.00.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.12). The company had revenue of $149.20 billion during the quarter, compared to analysts’ expectations of $145.72 billion. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.39 EPS. As a group, analysts expect that Amazon.com, Inc. will post 1.35 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AMZN shares. Credit Suisse Group boosted their price objective on shares of Amazon.com from $142.00 to $171.00 and gave the company an “outperform” rating in a report on Monday, January 30th. Evercore ISI decreased their price objective on shares of Amazon.com from $160.00 to $155.00 and set an “outperform” rating for the company in a report on Monday, April 3rd. DA Davidson upped their target price on shares of Amazon.com from $114.00 to $134.00 and gave the company a “buy” rating in a report on Friday, February 3rd. Tigress Financial reaffirmed a “buy” rating and set a $192.00 target price on shares of Amazon.com in a report on Thursday, February 9th. Finally, Robert W. Baird upped their target price on shares of Amazon.com from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, February 3rd. Three equities research analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the company. Based on data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $144.64.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $101.67, for a total value of $50,835.00. Following the transaction, the chief executive officer now owns 137,300 shares of the company’s stock, valued at approximately $13,959,291. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Following the transaction, the chief executive officer now owns 560,298 shares of the company’s stock, valued at approximately $52,555,952.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $101.67, for a total transaction of $50,835.00. Following the transaction, the chief executive officer now directly owns 137,300 shares in the company, valued at approximately $13,959,291. The disclosure for this sale can be found here. Insiders have sold 78,193 shares of company stock valued at $7,685,143 in the last 90 days. Company insiders own 12.70% of the company’s stock.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.