Connable Office Inc. Buys 570 Shares of Amazon.com, Inc. $AMZN

Connable Office Inc. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% in the second quarter, Holdings Channel.com reports. The firm owned 29,934 shares of the e-commerce giant’s stock after acquiring an additional 570 shares during the period. Amazon.com makes up about 0.6% of Connable Office Inc.’s investment portfolio, making the stock its 21st largest position. Connable Office Inc.’s holdings in Amazon.com were worth $6,567,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC lifted its stake in Amazon.com by 542,733.6% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock valued at $29,100,194,000 after acquiring an additional 132,616,953 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Amazon.com in the first quarter valued at approximately $11,674,091,000. Goldman Sachs Group Inc. lifted its position in shares of Amazon.com by 21.3% in the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock worth $11,017,657,000 after purchasing an additional 10,176,835 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Amazon.com by 1.1% during the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock worth $158,348,557,000 after purchasing an additional 8,913,959 shares during the last quarter. Finally, Amundi grew its position in Amazon.com by 15.1% in the first quarter. Amundi now owns 55,337,037 shares of the e-commerce giant’s stock valued at $9,884,098,000 after purchasing an additional 7,267,277 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of recent research reports. Roth Capital increased their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Wolfe Research increased their price target on Amazon.com from $265.00 to $270.00 in a research report on Tuesday, September 30th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Amazon.com in a research report on Friday, October 31st. Canaccord Genuity Group set a $300.00 price objective on Amazon.com and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, DA Davidson raised their target price on shares of Amazon.com from $265.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $295.78.

Insider Activity at Amazon.com

In related news, Director Keith Brian Alexander sold 900 shares of the business’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $233.00, for a total value of $209,700.00. Following the completion of the sale, the director directly owned 7,170 shares in the company, valued at $1,670,610. The trade was a 11.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Matthew S. Garman sold 17,768 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $216.90, for a total value of $3,853,879.20. Following the completion of the transaction, the chief executive officer directly owned 6,273 shares in the company, valued at approximately $1,360,613.70. This represents a 73.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 82,234 shares of company stock valued at $19,052,442. Insiders own 9.70% of the company’s stock.

Amazon.com Trading Up 1.8%

AMZN stock opened at $233.30 on Friday. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $258.60. The stock has a market cap of $2.49 trillion, a price-to-earnings ratio of 35.56, a price-to-earnings-growth ratio of 1.52 and a beta of 1.29. The company has a fifty day moving average price of $227.52 and a two-hundred day moving average price of $223.05. 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 (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.38. The company had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company’s revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.43 earnings per share. Amazon.com has set its Q4 2025 guidance at EPS. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.