Confluence Wealth Services Inc. Has $5.27 Million Stock Position in Amazon.com, Inc. $AMZN

Confluence Wealth Services Inc. cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,027 shares of the e-commerce giant’s stock after selling 2,463 shares during the period. Confluence Wealth Services Inc.’s holdings in Amazon.com were worth $5,271,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Carderock Capital Management Inc. bought a new stake in shares of Amazon.com during the 2nd quarter valued at $27,000. Cooksen Wealth LLC bought a new stake in Amazon.com in the first quarter valued at about $36,000. Inlight Wealth Management LLC acquired a new position in Amazon.com in the first quarter valued at about $40,000. Capitol Family Office Inc. bought a new position in Amazon.com during the first quarter worth about $42,000. Finally, Maryland Capital Advisors Inc. boosted its holdings in Amazon.com by 81.9% during the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 95 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of analyst reports. Morgan Stanley reiterated an “overweight” rating on shares of Amazon.com in a research report on Wednesday, September 10th. The Goldman Sachs Group upped their target price on shares of Amazon.com from $240.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. BMO Capital Markets lifted their price target on shares of Amazon.com from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. DA Davidson upped their price objective on shares of Amazon.com from $230.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, Citizens Jmp assumed coverage on Amazon.com in a research note on Thursday, July 10th. They set a “strong-buy” rating on the stock. Three analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $267.94.

Insiders Place Their Bets

In other news, VP Shelley Reynolds sold 2,715 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total transaction of $601,752.60. Following the completion of the transaction, the vice president directly owned 119,780 shares of the company’s stock, valued at $26,548,039.20. This trade represents a 2.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew S. Garman sold 17,785 shares of Amazon.com stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the completion of the sale, the chief executive officer owned 3,138 shares in the company, valued at $695,286.66. This trade represents a 85.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,911 shares of company stock worth $21,765,202 in the last 90 days. Company insiders own 9.70% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $221.09 on Friday. The firm has a market cap of $2.36 trillion, a PE ratio of 33.70, a PEG ratio of 1.44 and a beta of 1.28. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The company has a fifty day moving average price of $225.24 and a 200 day moving average price of $213.61.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion for 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 revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter last year, the business posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

About Amazon.com

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.