Connable Office Inc. Has $5.59 Million Stock Position in Amazon.com, Inc. $AMZN

Key Points

• Connable Office Inc. reduced its stake in Amazon.com by 15.8%, holding 29,364 shares after selling 5,529 shares during the first quarter, representing about 0.6% of its total holdings.
• Amazon's stock traded at $235.68, with a market cap of $2.51 trillion, following a strong earnings report showing $1.68 EPS and $167.70 billion in revenue for the last quarter.
• Analysts have raised their price targets on Amazon, with an average target now at $262.87, reflecting a majority "Buy" rating from research analysts.

Connable Office Inc. reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 15.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,364 shares of the e-commerce giant's stock after selling 5,529 shares during the quarter. Amazon.com accounts for about 0.6% of Connable Office Inc.'s investment portfolio, making the stock its 26th largest holding. Connable Office Inc.'s holdings in Amazon.com were worth $5,587,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Earned Wealth Advisors LLC raised its position in shares of Amazon.com by 56.0% during the 1st quarter. Earned Wealth Advisors LLC now owns 30,638 shares of the e-commerce giant's stock valued at $5,829,000 after acquiring an additional 11,000 shares in the last quarter. SGL Investment Advisors Inc. raised its position in shares of Amazon.com by 72.1% during the 1st quarter. SGL Investment Advisors Inc. now owns 5,134 shares of the e-commerce giant's stock valued at $986,000 after acquiring an additional 2,151 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Amazon.com by 7.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 5,653,382 shares of the e-commerce giant's stock valued at $1,075,613,000 after acquiring an additional 380,066 shares in the last quarter. Raiffeisen Bank International AG raised its position in shares of Amazon.com by 14.3% during the 1st quarter. Raiffeisen Bank International AG now owns 387,177 shares of the e-commerce giant's stock valued at $74,283,000 after acquiring an additional 48,399 shares in the last quarter. Finally, Once Capital Management LLC raised its position in shares of Amazon.com by 7.2% during the 1st quarter. Once Capital Management LLC now owns 63,700 shares of the e-commerce giant's stock valued at $12,120,000 after acquiring an additional 4,300 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Shares of AMZN traded down $3.35 during trading hours on Friday, reaching $232.33. 36,684,807 shares of the company's stock traded hands, compared to its average volume of 32,905,296. The firm has a market capitalization of $2.48 trillion, a price-to-earnings ratio of 35.42, a P/E/G ratio of 1.58 and a beta of 1.30. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The business's fifty day simple moving average is $225.74 and its two-hundred day simple moving average is $208.13.

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

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction dated Friday, July 11th. The stock was 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 of the company's stock, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 25,097,911 shares of company stock worth $5,676,032,574 over the last ninety days. Company insiders own 9.70% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AMZN shares. Zacks Research lowered Amazon.com from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Citigroup reaffirmed an "overweight" rating on shares of Amazon.com in a research report on Wednesday, August 13th. Susquehanna increased their target price on Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a research report on Friday, August 1st. Scotiabank increased their target price on Amazon.com from $250.00 to $275.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. increased their target price on Amazon.com from $255.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $262.87.

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.