Hartford Investment Management Co. Has $109.50 Million Stake in Amazon.com, Inc. $AMZN

Hartford Investment Management Co. trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 575,527 shares of the e-commerce giant's stock after selling 2,742 shares during the period. Amazon.com comprises 3.8% of Hartford Investment Management Co.'s holdings, making the stock its 4th largest position. Hartford Investment Management Co.'s holdings in Amazon.com were worth $109,500,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMZN. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com during the fourth quarter worth approximately $25,000. LSV Asset Management bought a new position in Amazon.com in the fourth quarter valued at approximately $35,000. Cooksen Wealth LLC bought a new position in Amazon.com in the first quarter valued at approximately $36,000. Inlight Wealth Management LLC bought a new stake in shares of Amazon.com during the first quarter worth $40,000. Finally, Capitol Family Office Inc. bought a new stake in shares of Amazon.com during the first quarter worth $42,000. Institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AMZN shares. Oppenheimer reduced their price objective on shares of Amazon.com from $250.00 to $245.00 and set an "outperform" rating on the stock in a research note on Friday, August 1st. Evercore ISI reissued an "outperform" rating and set a $280.00 price objective on shares of Amazon.com in a research report on Wednesday, August 13th. The Goldman Sachs Group restated a "buy" rating on shares of Amazon.com in a report on Friday, August 1st. Royal Bank Of Canada upped their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Finally, Monness Crespi & Hardt increased their price objective on shares of Amazon.com from $265.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Two investment 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 MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $262.87.

Insider Buying and Selling at Amazon.com

In other news, SVP David Zapolsky sold 13,570 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the completion of the transaction, the senior vice president directly owned 44,110 shares of the company's stock, valued at $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the business's stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,095,411 shares of company stock valued at $5,675,473,849 over the last three months. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

Shares of Amazon.com stock traded up $8.53 on Thursday, hitting $234.52. 36,443,946 shares of the company traded hands, compared to its average volume of 43,816,934. The company has a market cap of $2.50 trillion, a P/E ratio of 35.73, a P/E/G ratio of 1.54 and a beta of 1.30. The firm's 50-day simple moving average is $225.19 and its 200 day simple moving average is $208.04. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

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