Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Conning Inc.

Conning Inc. reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 8.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,666 shares of the e-commerce giant’s stock after selling 5,345 shares during the quarter. Conning Inc.’s holdings in Amazon.com were worth $8,762,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AMZN. Wagner Wealth Management LLC lifted its position in Amazon.com by 1.5% during the third quarter. Wagner Wealth Management LLC now owns 6,545 shares of the e-commerce giant’s stock worth $832,000 after buying an additional 95 shares in the last quarter. Redwood Wealth Management Group LLC raised its holdings in shares of Amazon.com by 2.6% during the 3rd quarter. Redwood Wealth Management Group LLC now owns 5,611 shares of the e-commerce giant’s stock worth $713,000 after acquiring an additional 143 shares during the period. Riverwater Partners LLC boosted its position in shares of Amazon.com by 16.3% during the 3rd quarter. Riverwater Partners LLC now owns 2,896 shares of the e-commerce giant’s stock valued at $368,000 after acquiring an additional 406 shares during the last quarter. Dominguez Wealth Management Solutions Inc. increased its position in Amazon.com by 5.6% during the third quarter. Dominguez Wealth Management Solutions Inc. now owns 1,880 shares of the e-commerce giant’s stock worth $239,000 after purchasing an additional 100 shares during the last quarter. Finally, Sander Capital Advisors Inc. boosted its holdings in Amazon.com by 39.5% in the 3rd quarter. Sander Capital Advisors Inc. now owns 121,053 shares of the e-commerce giant’s stock valued at $15,388,000 after purchasing an additional 34,249 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 0.8 %

Amazon.com stock opened at $186.21 on Friday. The company has a market capitalization of $1.93 trillion, a P/E ratio of 52.16, a PEG ratio of 1.55 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.07. Amazon.com, Inc. has a fifty-two week low of $103.31 and a fifty-two week high of $189.77. The stock has a 50-day simple moving average of $178.79 and a 200-day simple moving average of $159.95.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 earnings per share. Equities research analysts expect that Amazon.com, Inc. will post 4.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMZN has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $205.00 price target on shares of Amazon.com in a research report on Wednesday. Mizuho upped their price target on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday. Oppenheimer raised their price objective on Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday. Telsey Advisory Group increased their target price on shares of Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $220.00 price target on shares of Amazon.com in a research note on Wednesday. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $211.07.

Insider Buying and Selling

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the transaction, the chief executive officer now directly owns 132,600 shares in the company, valued at $23,868,000. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the sale, the chief executive officer now owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The disclosure for this sale can be found here. Insiders sold a total of 32,217,010 shares of company stock worth $5,506,442,301 in the last 90 days. Company insiders own 10.80% of the company’s stock.

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.