Yelin Lapidot Holdings Management Ltd. Sells 25,885 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Yelin Lapidot Holdings Management Ltd. reduced its stake in Amazon by 24.1%, selling 25,885 shares, leaving it with 81,305 shares valued at $15.47 million.
• Insider Jeffrey P. Bezos sold over 2.6 million shares of Amazon, decreasing his ownership by 0.30%, which still leaves him with approximately 883.8 million shares valued at over $203 billion.
• Analyst sentiment is mixed, with some firms reducing their target prices while others maintain or increase their ratings, resulting in an average rating of "Moderate Buy" and a consensus price target of $254.71.

Yelin Lapidot Holdings Management Ltd. trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 24.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,305 shares of the e-commerce giant's stock after selling 25,885 shares during the quarter. Amazon.com comprises approximately 3.0% of Yelin Lapidot Holdings Management Ltd.'s portfolio, making the stock its 10th largest holding. Yelin Lapidot Holdings Management Ltd.'s holdings in Amazon.com were worth $15,469,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Fiduciary Group LLC boosted its holdings in Amazon.com by 0.8% in the 1st quarter. Fiduciary Group LLC now owns 103,857 shares of the e-commerce giant's stock valued at $19,760,000 after purchasing an additional 810 shares during the last quarter. Instrumental Wealth LLC grew its position in Amazon.com by 19.5% in the first quarter. Instrumental Wealth LLC now owns 6,678 shares of the e-commerce giant's stock worth $1,262,000 after acquiring an additional 1,092 shares during the period. Horizon Financial Services LLC increased its stake in Amazon.com by 10,380.0% during the first quarter. Horizon Financial Services LLC now owns 305,177 shares of the e-commerce giant's stock worth $58,063,000 after acquiring an additional 302,265 shares during the last quarter. Equita Financial Network Inc. raised its position in Amazon.com by 44.9% in the first quarter. Equita Financial Network Inc. now owns 3,979 shares of the e-commerce giant's stock valued at $757,000 after purchasing an additional 1,233 shares during the period. Finally, Krane Funds Advisors LLC raised its position in Amazon.com by 26.2% in the first quarter. Krane Funds Advisors LLC now owns 10,107 shares of the e-commerce giant's stock valued at $1,923,000 after purchasing an additional 2,099 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Up 1.0%

Amazon.com stock traded up $2.29 during midday trading on Thursday, hitting $232.48. 24,411,312 shares of the company were exchanged, compared to its average volume of 43,728,707. The company has a market cap of $2.47 trillion, a PE ratio of 37.89, a price-to-earnings-growth ratio of 1.71 and a beta of 1.33. The company's fifty day moving average price is $217.31 and its 200-day moving average price is $209.12. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period last year, the firm earned $0.98 earnings per share. The company's revenue was up 8.6% on a year-over-year basis. On average, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of recent analyst reports. Cantor Fitzgerald raised their price objective on Amazon.com from $240.00 to $260.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. BNP Paribas Exane upgraded shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target for the company in a research report on Friday, June 27th. Westpark Capital restated a "buy" rating and issued a $280.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Telsey Advisory Group reissued an "outperform" rating and set a $235.00 target price on shares of Amazon.com in a research note on Thursday, July 10th. Finally, Wedbush upped their price objective on Amazon.com from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $255.52.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the sale, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 25,099,537 shares of company stock valued at $5,674,394,548 over the last ninety days. Corporate insiders own 9.70% of the company's stock.

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.