Menora Mivtachim Holdings LTD Decreased Stake in Amazon Com (AMZN) by $23.38 Million as Shares Rose; General Motors Company (GM) Market Valuation Declined While Iat Reinsurance Company LTD Lifted Position by $1.97 Million

October 20, 2017 - By Peter Erickson

Iat Reinsurance Company Ltd increased its stake in General Motors Company (GM) by 4723.13% based on its latest 2017Q2 regulatory filing with the SEC. Iat Reinsurance Company Ltd bought 58,000 shares as the company’s stock declined 12.09% while stock markets rallied. The institutional investor held 59,228 shares of the auto manufacturing company at the end of 2017Q2, valued at $2.07M, up from 1,228 at the end of the previous reported quarter. Iat Reinsurance Company Ltd who had been investing in General Motors Company for a number of months, seems to be bullish on the $66.46B market cap company. The stock increased 0.57% or $0.26 during the last trading session, reaching $45.61. About 12.17M shares traded. General Motors Company (NYSE:GM) has risen 7.92% since October 20, 2016 and is uptrending. It has underperformed by 8.78% the S&P500.

Menora Mivtachim Holdings Ltd decreased its stake in Amazon Com Inc (AMZN) by 41.56% based on its latest 2017Q2 regulatory filing with the SEC. Menora Mivtachim Holdings Ltd sold 24,175 shares as the company’s stock rose 13.58% with the market. The institutional investor held 33,996 shares of the consumer services company at the end of 2017Q2, valued at $32.91 million, down from 58,171 at the end of the previous reported quarter. Menora Mivtachim Holdings Ltd who had been investing in Amazon Com Inc for a number of months, seems to be less bullish one the $472.17 billion market cap company. The stock declined 0.04% or $0.4 reaching $982.51 per share. About 2.33 million shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 37.41% since October 20, 2016 and is uptrending. It has outperformed by 20.71% the S&P500.

Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on October, 26. They expect $0.04 EPS, down 92.31% or $0.48 from last year’s $0.52 per share. AMZN’s profit will be $19.22 million for 6140.69 P/E if the $0.04 EPS becomes a reality. After $0.40 actual EPS reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts -90.00% negative EPS growth.

Menora Mivtachim Holdings Ltd, which manages about $2.15B US Long portfolio, upped its stake in Discover Finl Svcs (NYSE:DFS) by 152,800 shares to 544,500 shares, valued at $33.86 million in 2017Q2, according to the filing. It also increased its holding in Neuroderm Ltd by 126,517 shares in the quarter, for a total of 808,073 shares, and has risen its stake in Solaredge Technologies Inc.

Among 46 analysts covering Amazon.com (NASDAQ:AMZN), 42 have Buy rating, 0 Sell and 4 Hold. Therefore 91% are positive. Amazon.com had 211 analyst reports since July 21, 2015 according to SRatingsIntel. Cowen & Co maintained the stock with “Outperform” rating in Friday, August 28 report. The firm has “Hold” rating by KeyBanc Capital Markets given on Monday, August 28. The firm has “Buy” rating by UBS given on Friday, July 28. As per Monday, August 24, the company rating was maintained by Axiom Securities. The firm has “Buy” rating given on Tuesday, August 2 by M Partners. The firm has “Buy” rating given on Wednesday, September 28 by Maxim Group. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Buy” rating given on Friday, July 28 by BMO Capital Markets. The company was initiated on Friday, June 10 by William Blair. RBC Capital Markets maintained Amazon.com, Inc. (NASDAQ:AMZN) on Friday, October 28 with “Outperform” rating. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Buy” rating given on Monday, September 11 by Robert W. Baird.

Investors sentiment decreased to 1.36 in Q2 2017. Its down 0.34, from 1.7 in 2017Q1. It fall, as 64 investors sold AMZN shares while 542 reduced holdings. 153 funds opened positions while 670 raised stakes. 285.20 million shares or 2.71% less from 293.14 million shares in 2017Q1 were reported. Arvest National Bank & Trust Division, Oklahoma-based fund reported 229 shares. Kingdon Mgmt Ltd Liability holds 0.35% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN) for 5,278 shares. 2,764 are held by Arete Wealth Ltd. Motley Fool Asset Limited Co stated it has 3.41% in Amazon.com, Inc. (NASDAQ:AMZN). Firsthand Cap Management stated it has 4.88% in Amazon.com, Inc. (NASDAQ:AMZN). Tiverton Asset Mgmt Ltd Llc has 33,326 shares for 1.74% of their portfolio. Segall Bryant And Hamill Ltd accumulated 88,581 shares or 2.02% of the stock. Washington Tru Natl Bank accumulated 506 shares. Scopus Asset Management Limited Partnership accumulated 160,000 shares or 1.66% of the stock. 11,300 were reported by Barometer Management. Natl Mutual Insurance Federation Of Agricultural Cooperatives has 7,800 shares for 0.15% of their portfolio. Hartline Inv Corp holds 0.97% or 3,142 shares. 590 are owned by Penobscot Invest Management Company Inc. Qs Investors Limited Liability Company accumulated 27,323 shares. National Planning reported 9,263 shares.

More notable recent Amazon.com, Inc. (NASDAQ:AMZN) news were published by: Fool.com which released: “Tech Giants Want In on Amazon.com Inc.’s Smart Speaker Success” on October 11, 2017, also Seekingalpha.com with their article: “Don’t Believe The Hype” published on October 16, 2017, Investorplace.com published: “Why Amazon.com, Inc. Stock Could Enter the Restaurant Business” on October 17, 2017. More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) were released by: Investorplace.com and their article: “3 Stocks to Watch on Wednesday: Amazon.com, Inc. (AMZN), Cree, Inc. (CREE) and …” published on October 18, 2017 as well as Fool.com‘s news article titled: “Better Buy: Amazon.com, Inc. vs. Wal-Mart” with publication date: October 04, 2017.

Since May 2, 2017, it had 0 insider buys, and 13 insider sales for $960.72 million activity. 670 Amazon.com, Inc. (NASDAQ:AMZN) shares with value of $630,102 were sold by ALBERG TOM A. Another trade for 2,333 shares valued at $2.24 million was made by Olsavsky Brian T on Monday, May 15. $2.70 million worth of Amazon.com, Inc. (NASDAQ:AMZN) shares were sold by WILKE JEFFREY A. 1.00 million shares were sold by BEZOS JEFFREY P, worth $940.74 million on Tuesday, May 2. $1.90 million worth of Amazon.com, Inc. (NASDAQ:AMZN) was sold by Jassy Andrew R. The insider Reynolds Shelley sold $521,627.

More notable recent General Motors Company (NYSE:GM) news were published by: Investorplace.com which released: “Will Ford Motor Company Stock Catch Up to General Motors?” on October 20, 2017, also Seekingalpha.com with their article: “Should You Sell GM?” published on October 16, 2017, Nasdaq.com published: “General Motors’ (GM) Q3 Earnings: Is a Beat in the Cards?” on October 20, 2017. More interesting news about General Motors Company (NYSE:GM) were released by: Bloomberg.com and their article: “GM Reaches Agreement to End Canada Strike and Resume Production” published on October 14, 2017 as well as Seekingalpha.com‘s news article titled: “Effective Capital Allocation Is Driving GM’s Electrification Surge” with publication date: October 18, 2017.

Among 27 analysts covering General Motors Company (NYSE:GM), 14 have Buy rating, 2 Sell and 11 Hold. Therefore 52% are positive. General Motors Company had 68 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Monday, September 21 by Deutsche Bank. The stock has “Hold” rating by Wolfe Research on Tuesday, June 13. The rating was maintained by UBS with “Buy” on Friday, July 24. Jefferies maintained General Motors Company (NYSE:GM) on Monday, June 12 with “Hold” rating. The company was maintained on Wednesday, October 14 by Deutsche Bank. The stock has “Neutral” rating by Credit Suisse on Friday, July 24. Jefferies maintained the shares of GM in report on Monday, August 28 with “Hold” rating. As per Thursday, October 22, the company rating was maintained by RBC Capital Markets. The company was maintained on Monday, September 21 by Barclays Capital. On Tuesday, October 3 the stock rating was upgraded by Bank of America to “Buy”.

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