Connective Portfolio Management LLC Makes New Investment in Amazon.com, Inc. $AMZN

Connective Portfolio Management LLC purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,500 shares of the e-commerce giant’s stock, valued at approximately $1,207,000. Amazon.com comprises about 2.6% of Connective Portfolio Management LLC’s portfolio, making the stock its 16th largest position.

A number of other hedge funds have also modified their holdings of the business. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com in the 4th quarter valued at $25,000. Cooksen Wealth LLC bought a new stake in shares of Amazon.com during the first quarter valued at approximately $36,000. Inlight Wealth Management LLC bought a new stake in shares of Amazon.com during the first quarter valued at approximately $40,000. Capitol Family Office Inc. bought a new position in shares of Amazon.com during the first quarter worth $42,000. Finally, Harbor Investment Advisory LLC raised its holdings in Amazon.com by 0.7% during the first quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant’s stock worth $58,000 after acquiring an additional 2,145 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

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. Over the last quarter, insiders have sold 25,097,911 shares of company stock valued at $5,676,032,574. Company insiders own 9.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Cantor Fitzgerald boosted their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Citizens Jmp assumed coverage on shares of Amazon.com in a research note on Thursday, July 10th. They issued a “strong-buy” rating on the stock. Truist Financial upped their price objective on Amazon.com from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. Oppenheimer lowered their target price on shares of Amazon.com from $250.00 to $245.00 and set an “outperform” rating on the stock in a research note on Friday, August 1st. Finally, Scotiabank increased their price target on shares of Amazon.com from $250.00 to $275.00 and gave the company a “sector outperform” rating in a research note on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $263.30.

Amazon.com Trading Up 0.1%

Shares of Amazon.com stock opened at $231.48 on Friday. The firm has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 35.29, a PEG ratio of 1.55 and a beta of 1.30. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The firm’s 50 day simple moving average is $227.81 and its two-hundred day simple moving average is $209.43. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the previous year, the firm earned $1.26 earnings per share. Amazon.com’s quarterly revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. Analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Amazon.com Company 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.