Cigna Investments Inc. New Sells 268 Shares of Amazon.com, Inc. $AMZN

Cigna Investments Inc. New cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,255 shares of the e-commerce giant’s stock after selling 268 shares during the period. Amazon.com accounts for 3.5% of Cigna Investments Inc. New’s holdings, making the stock its 5th largest position. Cigna Investments Inc. New’s holdings in Amazon.com were worth $20,678,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ridgecrest Wealth Partners LLC boosted its position in shares of Amazon.com by 0.5% during the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock worth $1,843,000 after acquiring an additional 45 shares in the last quarter. Bare Financial Services Inc lifted its position in Amazon.com by 5.4% during the 1st quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock worth $177,000 after acquiring an additional 48 shares during the period. Cobblestone Asset Management LLC lifted its position in Amazon.com by 3.1% during the 2nd quarter. Cobblestone Asset Management LLC now owns 1,673 shares of the e-commerce giant’s stock worth $367,000 after acquiring an additional 50 shares during the period. Seek First Inc. raised its stake in shares of Amazon.com by 0.5% during the 2nd quarter. Seek First Inc. now owns 9,156 shares of the e-commerce giant’s stock worth $2,009,000 after buying an additional 50 shares in the last quarter. Finally, Vista Investment Partners LLC raised its stake in shares of Amazon.com by 0.9% during the 2nd quarter. Vista Investment Partners LLC now owns 5,859 shares of the e-commerce giant’s stock worth $1,285,000 after buying an additional 52 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $219.51 on Friday. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The stock has a fifty day moving average of $226.55 and a 200-day moving average of $211.02. The company has a market capitalization of $2.34 trillion, a PE ratio of 33.46, a price-to-earnings-growth ratio of 1.49 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

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

Analyst Ratings Changes

Several equities analysts recently weighed in on AMZN shares. Moffett Nathanson raised their price objective on Amazon.com from $250.00 to $253.00 and gave the company a “buy” rating in a research note on Tuesday, June 24th. Robert W. Baird lifted their target price on Amazon.com from $220.00 to $244.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Royal Bank Of Canada raised their price objective on Amazon.com from $230.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft lifted their target price on Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. Finally, Susquehanna boosted their price target on Amazon.com from $225.00 to $260.00 and gave the stock a “positive” rating in a research note on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Amazon.com has an average rating of “Buy” and an average price target of $266.26.

Insider Activity

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the transaction, the senior vice president directly owned 44,110 shares in the company, valued at $9,825,943.60. This trade represents a 23.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $217.10, for a total value of $542,750.00. Following the transaction, the chief executive officer owned 515,507 shares in the company, valued at approximately $111,916,569.70. This trade represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,845,122 shares of company stock valued at $4,731,747,929. 9.70% of the stock is currently owned by company insiders.

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.