Hartford Funds Management Co LLC Boosts Holdings in Amazon.com, Inc. $AMZN

Key Points

• Hartford Funds Management Co LLC increased its stake in Amazon.com by 19.6%, holding a total of 14,346 shares valued at approximately $2.73 million after purchasing an additional 2,356 shares in the first quarter.
• Amazon.com reported earnings per share (EPS) of $1.68 for the last quarter, exceeding estimates and reflecting a year-over-year revenue increase of 13.3% to $167.70 billion.
• Multiple brokerages have recently raised their price targets for Amazon.com stock, with Deutsche Bank now setting it at $266.00, indicating positive expectations for the company's future performance.

Hartford Funds Management Co LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 19.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,346 shares of the e-commerce giant's stock after acquiring an additional 2,356 shares during the period. Amazon.com accounts for 0.2% of Hartford Funds Management Co LLC's portfolio, making the stock its 16th largest holding. Hartford Funds Management Co LLC's holdings in Amazon.com were worth $2,729,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of AMZN. Castlekeep Investment Advisors LLC purchased a new position in Amazon.com during the fourth quarter valued at $25,000. Prudent Man Investment Management Inc. purchased a new position in Amazon.com during the fourth quarter valued at $27,000. LSV Asset Management bought a new position in Amazon.com during the fourth quarter valued at $35,000. Cooksen Wealth LLC bought a new position in Amazon.com during the first quarter valued at $36,000. Finally, Inlight Wealth Management LLC bought a new position in Amazon.com during the first quarter valued at $40,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders have sold 25,012,284 shares of company stock valued at $5,656,976,492. 9.70% of the stock is owned by insiders.

Amazon.com Trading Up 3.0%

AMZN stock traded up $6.6690 during trading on Friday, hitting $228.6190. The company had a trading volume of 23,563,066 shares, compared to its average volume of 44,459,570. The firm has a market capitalization of $2.44 trillion, a P/E ratio of 34.82, a PEG ratio of 1.51 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The company has a 50 day simple moving average of $222.30 and a 200-day simple moving average of $208.35.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the previous year, the business posted $1.26 EPS. The company's quarterly revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several research reports. JMP Securities reiterated a "market outperform" rating and set a $285.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Sanford C. Bernstein set a $235.00 price objective on shares of Amazon.com and gave the company an "outperform" rating in a research report on Tuesday, July 1st. Susquehanna increased their price objective on shares of Amazon.com from $225.00 to $260.00 and gave the company a "positive" rating in a research report on Friday, August 1st. Benchmark reiterated a "buy" rating and set a $260.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $262.87.

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.