Conning Inc. Has $5.99 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Conning Inc. trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 71,291 shares of the e-commerce giant’s stock after selling 436 shares during the period. Conning Inc.’s holdings in Amazon.com were worth $5,988,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. McElhenny Sheffield Capital Management LLC acquired a new stake in Amazon.com in the 4th quarter valued at approximately $27,000. Retirement Financial Solutions LLC bought a new position in Amazon.com in the fourth quarter valued at approximately $32,000. Laurel Wealth Planning LLC grew its stake in Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 304 shares in the last quarter. Swaine & Leidel Wealth Services LLC bought a new position in shares of Amazon.com during the 1st quarter worth approximately $38,000. Finally, Cowa LLC bought a new position in shares of Amazon.com during the 3rd quarter worth approximately $40,000. 57.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wedbush lifted their price target on Amazon.com from $125.00 to $129.00 in a report on Friday, April 28th. Rosenblatt Securities boosted their price target on Amazon.com from $106.00 to $111.00 in a report on Friday, April 28th. Tigress Financial restated a “buy” rating and set a $192.00 price objective on shares of Amazon.com in a research report on Thursday, February 9th. Benchmark upped their price target on Amazon.com from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, February 3rd. Finally, Roth Capital restated a “buy” rating on shares of Amazon.com in a research report on Friday, February 3rd. Three investment analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $143.12.

Amazon.com Stock Down 1.6 %

Shares of NASDAQ:AMZN opened at $116.25 on Friday. The stock has a market capitalization of $1.19 trillion, a price-to-earnings ratio of 276.79, a price-to-earnings-growth ratio of 4.11 and a beta of 1.26. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $146.57. The company’s fifty day moving average is $103.63 and its two-hundred day moving average is $97.03. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.69 and a current ratio of 0.92.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 EPS for the quarter, topping the consensus estimate of $0.22 by $0.09. The business had revenue of $127.36 billion during the quarter, compared to analyst estimates of $124.57 billion. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.21 earnings per share. Equities analysts anticipate that Amazon.com, Inc. will post 1.57 EPS for the current year.

Insider Transactions at Amazon.com

In related news, CEO Adam Selipsky sold 10,760 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $110.33, for a total value of $1,187,150.80. Following the completion of the transaction, the chief executive officer now owns 150,120 shares in the company, valued at approximately $16,562,739.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Adam Selipsky sold 10,760 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $110.33, for a total value of $1,187,150.80. Following the completion of the transaction, the chief executive officer now owns 150,120 shares in the company, valued at approximately $16,562,739.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 7,456 shares of the stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $94.90, for a total transaction of $707,574.40. Following the completion of the transaction, the chief executive officer now owns 564,298 shares of the company’s stock, valued at approximately $53,551,880.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,019 shares of company stock worth $6,053,511. Insiders own 12.30% of the company’s stock.

About Amazon.com

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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.