Amazon.com, Inc. $AMZN Shares Sold by Conway Capital Management Inc.

Conway Capital Management Inc. trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% in the second quarter, Holdings Channel reports. The fund owned 126,966 shares of the e-commerce giant’s stock after selling 4,615 shares during the quarter. Amazon.com comprises approximately 12.5% of Conway Capital Management Inc.’s investment portfolio, making the stock its 3rd biggest holding. Conway Capital Management Inc.’s holdings in Amazon.com were worth $27,855,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AMZN. Carderock Capital Management Inc. bought a new stake in shares of Amazon.com in the second quarter valued at approximately $27,000. Cooksen Wealth LLC acquired a new position in Amazon.com during the 1st quarter valued at $36,000. Maryland Capital Advisors Inc. boosted its holdings in Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 95 shares during the period. Capitol Family Office Inc. bought a new position in shares of Amazon.com during the 1st quarter worth about $42,000. Finally, Ryan Investment Management Inc. bought a new position in shares of Amazon.com during the 2nd quarter worth about $48,000. 72.20% of the stock is currently owned by institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 17,785 shares of the business’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.57, for a total value of $3,940,622.45. Following the transaction, the chief executive officer owned 3,138 shares of the company’s stock, valued at approximately $695,286.66. The trade was a 85.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the firm’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total value of $3,953,635.00. Following the completion of the sale, the chief financial officer owned 49,000 shares of the company’s stock, valued at approximately $10,914,260. This trade represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 128,084 shares of company stock worth $29,405,457. 9.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AMZN shares. Royal Bank Of Canada reissued an “outperform” rating on shares of Amazon.com in a research report on Friday, October 31st. Maxim Group raised their price objective on Amazon.com from $272.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Truist Financial set a $290.00 price objective on Amazon.com in a research report on Friday, October 31st. Morgan Stanley reaffirmed an “overweight” rating and issued a $315.00 target price (up from $300.00) on shares of Amazon.com in a research report on Friday, October 31st. Finally, CICC Research boosted their price target on shares of Amazon.com from $240.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and an average price target of $294.04.

Amazon.com Trading Up 0.6%

Shares of AMZN stock opened at $244.41 on Monday. The company has a market capitalization of $2.61 trillion, a P/E ratio of 37.26, a P/E/G ratio of 1.52 and a beta of 1.29. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $258.60. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $227.39 and a 200 day moving average price of $219.01.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.38. The company had revenue of $180.17 billion during 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 quarter last year, the business posted $1.43 earnings per share. Amazon.com has set its Q4 2025 guidance at EPS. Research analysts forecast 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.