Financial Connections Group Inc. Raises Position in Amazon.com, Inc. $AMZN

Financial Connections Group Inc. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,695 shares of the e-commerce giant’s stock after purchasing an additional 53 shares during the period. Financial Connections Group Inc.’s holdings in Amazon.com were worth $371,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Carderock Capital Management Inc. acquired a new position in shares of Amazon.com during the second quarter worth $27,000. Cooksen Wealth LLC acquired a new position in shares of Amazon.com during the first quarter worth $36,000. Inlight Wealth Management LLC acquired a new stake in Amazon.com in the first quarter valued at $40,000. Maryland Capital Advisors Inc. raised its holdings 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 acquiring an additional 95 shares in the last quarter. Finally, Capitol Family Office Inc. acquired a new stake in Amazon.com in the first quarter valued at $42,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

NASDAQ AMZN opened at $244.22 on Friday. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $250.50. 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 market capitalization of $2.60 trillion, a PE ratio of 37.23, a P/E/G ratio of 1.52 and a beta of 1.28. The company’s 50 day simple moving average is $225.49 and its 200 day simple moving average is $215.83.

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

Insiders Place Their Bets

In other news, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total value of $3,953,635.00. Following the transaction, the chief financial officer directly owned 49,000 shares of the company’s stock, valued at $10,914,260. This trade represents a 26.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP David Zapolsky sold 13,570 shares of the firm’s stock in a transaction that occurred on 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 sale, the senior vice president owned 44,110 shares of the company’s stock, valued at approximately $9,825,943.60. This represents a 23.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 95,411 shares of company stock valued at $21,222,702 over the last 90 days. 9.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AMZN shares. Barclays reaffirmed an “overweight” rating and set a $300.00 target price (up previously from $275.00) on shares of Amazon.com in a report on Friday. DA Davidson increased their target price on shares of Amazon.com from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Friday. Roth Capital increased their target price on shares of Amazon.com from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Friday. Truist Financial set a $290.00 target price on shares of Amazon.com in a report on Friday. Finally, Citizens Jmp increased their target price on shares of Amazon.com from $285.00 to $300.00 and gave the stock a “market outperform” rating in a report on Friday. Three analysts have rated the stock with a Strong Buy rating, forty-nine have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Buy” and an average target price of $289.88.

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.