Conning Inc. Has $12.35 Million Stock Holdings in Amazon.com, Inc. $AMZN

Conning Inc. decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,272 shares of the e-commerce giant’s stock after selling 1,785 shares during the period. Conning Inc.’s holdings in Amazon.com were worth $12,346,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Carderock Capital Management Inc. acquired a new stake in Amazon.com in the second quarter valued at approximately $27,000. Cooksen Wealth LLC acquired a new stake in Amazon.com in the first quarter valued at approximately $36,000. Inlight Wealth Management LLC acquired a new stake in Amazon.com in the first quarter valued at approximately $40,000. Capitol Family Office Inc. acquired a new stake in Amazon.com in the first quarter valued at approximately $42,000. Finally, Maryland Capital Advisors Inc. boosted its position in Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 95 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In related news, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the transaction, the chief executive officer directly owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 6,835 shares of the business’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.62, for a total transaction of $1,514,772.70. Following the transaction, the chief executive officer owned 520,507 shares in the company, valued at approximately $115,354,761.34. This trade represents a 1.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 95,411 shares of company stock valued at $21,222,702 in the last quarter. 9.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AMZN. UBS Group set a $310.00 price target on shares of Amazon.com in a report on Friday. Cowen reissued a “buy” rating on shares of Amazon.com in a research note on Friday. Roth Capital lifted their target price on shares of Amazon.com from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday. Wedbush lifted their target price on shares of Amazon.com from $250.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Finally, Susquehanna set a $300.00 target price on shares of Amazon.com and gave the stock a “positive” rating in a research note on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, forty-nine have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Amazon.com has a consensus rating of “Buy” and a consensus target price of $289.88.

Amazon.com Trading Up 9.6%

NASDAQ:AMZN opened at $244.22 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The firm has a 50-day moving average of $225.49 and a 200-day moving average of $215.83. The company has a market cap of $2.60 trillion, a PE ratio of 37.23, a PEG ratio of 1.52 and a beta of 1.28. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $250.50.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, topping the consensus estimate of $1.57 by $0.38. The company had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.43 earnings per share. Amazon.com has set its Q4 2025 guidance at EPS. As a group, equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.