Connective Portfolio Management LLC Buys New Stake in Amazon.com, Inc. $AMZN

Key Points

• Connective Portfolio Management LLC has acquired a new position in Amazon.com, purchasing 5,500 shares valued at approximately $1.2 million, making it the fund's 16th largest holding.
• Insider Jeffrey P. Bezos sold over 4 million shares of Amazon stock for nearly $961 million, resulting in a 0.47% decrease in his ownership position.
• Several analysts have raised their price targets for Amazon.com, with Cantor Fitzgerald increasing its target from $260 to $280, reflecting a positive outlook on the company’s stock performance.

Connective Portfolio Management LLC acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,500 shares of the e-commerce giant's stock, valued at approximately $1,207,000. Amazon.com accounts for approximately 2.6% of Connective Portfolio Management LLC's portfolio, making the stock its 16th biggest position.

Other large investors have also modified their holdings of the company. Castlekeep Investment Advisors LLC purchased a new stake in shares of Amazon.com during the fourth quarter worth $25,000. Cooksen Wealth LLC purchased a new stake in Amazon.com during the 1st quarter worth about $36,000. Inlight Wealth Management LLC acquired a new position in shares of Amazon.com during the 1st quarter worth about $40,000. Capitol Family Office Inc. acquired a new position in shares of Amazon.com during the 1st quarter worth about $42,000. Finally, Harbor Investment Advisory LLC boosted its position in shares of Amazon.com by 0.7% during the 1st quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant's stock worth $58,000 after acquiring an additional 2,145 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 19,872 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the completion of the sale, the chief executive officer directly owned 2,178,502 shares of the company's stock, valued at $482,712,473.16. The trade was a 0.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Shelley Reynolds sold 2,715 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total transaction of $601,752.60. Following the sale, the vice president directly owned 119,780 shares of the company's stock, valued at $26,548,039.20. This represents a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,097,911 shares of company stock worth $5,676,032,574 in the last three months. 10.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AMZN. Morgan Stanley reaffirmed an "overweight" rating on shares of Amazon.com in a research report on Wednesday, September 10th. Moffett Nathanson upped their price objective on Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Robert W. Baird upped their price objective on Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Citizens Jmp assumed coverage on Amazon.com in a research report on Thursday, July 10th. They set a "strong-buy" rating for the company. Finally, Barclays upped their price objective on shares of Amazon.com from $240.00 to $275.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Two equities research 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 company. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $263.30.

Amazon.com Price Performance

Shares of AMZN stock traded down $5.71 during midday trading on Tuesday, reaching $221.93. 39,698,960 shares of the company traded hands, compared to its average volume of 43,942,461. The firm's 50 day simple moving average is $227.85 and its two-hundred day simple moving average is $209.69. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. 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 cap of $2.37 trillion, a PE ratio of 33.82, a price-to-earnings-growth ratio of 1.55 and a beta of 1.31.

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

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.