Connors Investor Services Inc. Purchases 1,379 Shares of Amazon.com, Inc. $AMZN

Connors Investor Services Inc. increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 134,651 shares of the e-commerce giant’s stock after purchasing an additional 1,379 shares during the period. Amazon.com makes up 2.6% of Connors Investor Services Inc.’s investment portfolio, making the stock its 6th largest holding. Connors Investor Services Inc.’s holdings in Amazon.com were worth $29,537,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Kingstone Capital Partners Texas LLC raised its holdings in shares of Amazon.com by 542,733.6% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock worth $29,100,194,000 after acquiring an additional 132,616,953 shares during the last quarter. Nuveen LLC acquired a new position in Amazon.com during the 1st quarter valued at about $11,674,091,000. Goldman Sachs Group Inc. increased its holdings in Amazon.com by 21.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock worth $11,017,657,000 after purchasing an additional 10,176,835 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Amazon.com by 1.1% in the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock worth $158,348,557,000 after purchasing an additional 8,913,959 shares during the last quarter. Finally, Amundi lifted its holdings in shares of Amazon.com by 15.1% in the first quarter. Amundi now owns 55,337,037 shares of the e-commerce giant’s stock valued at $9,884,098,000 after purchasing an additional 7,267,277 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Brian T. Olsavsky sold 17,750 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the transaction, the chief financial officer owned 49,000 shares of the company’s stock, valued at $10,914,260. This represents a 26.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 22,000 shares of the stock in a transaction on Friday, October 31st. The stock was sold at an average price of $250.03, for a total value of $5,500,660.00. Following the transaction, the chief executive officer owned 493,507 shares of the company’s stock, valued at $123,391,555.21. The trade was a 4.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 123,300 shares of company stock valued at $28,294,038 in the last quarter. 9.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AMZN. Truist Financial set a $290.00 price target on Amazon.com in a report on Friday, October 31st. BNP Paribas Exane lifted their price objective on shares of Amazon.com from $264.00 to $289.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Amazon.com in a research note on Thursday. HSBC raised their price target on shares of Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Evercore ISI boosted their price target on shares of Amazon.com from $280.00 to $335.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, fifty-seven have assigned a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $294.15.

Amazon.com Stock Performance

NASDAQ AMZN opened at $234.69 on Friday. The company has a market capitalization of $2.51 trillion, a PE ratio of 35.78, a price-to-earnings-growth ratio of 1.52 and a beta of 1.29. 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, Inc. has a 52-week low of $161.38 and a 52-week high of $258.60. The company has a 50-day simple moving average of $228.70 and a 200 day simple moving average of $220.72.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. During the same period in the prior year, the firm earned $1.43 EPS. The company’s revenue was up 13.4% compared to the same quarter last year. Amazon.com has set its Q4 2025 guidance at EPS. On average, research 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.