Conning Inc. Has $10.25 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Conning Inc. reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,815 shares of the e-commerce giant’s stock after selling 851 shares during the period. Conning Inc.’s holdings in Amazon.com were worth $10,248,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of AMZN. Norges Bank bought a new stake in shares of Amazon.com in the 4th quarter valued at approximately $17,700,551,000. Vanguard Group Inc. boosted its position in Amazon.com by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after buying an additional 32,038,029 shares during the last quarter. International Assets Investment Management LLC boosted its position in Amazon.com by 16,029.3% in the 4th quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock valued at $36,260,810,000 after buying an additional 23,717,254 shares during the last quarter. FMR LLC boosted its position in Amazon.com by 7.7% in the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after buying an additional 21,649,871 shares during the last quarter. Finally, Global Assets Advisory LLC boosted its position in Amazon.com by 30,350.2% in the 1st quarter. Global Assets Advisory LLC now owns 6,531,569 shares of the e-commerce giant’s stock valued at $1,178,164,000 after buying an additional 6,510,119 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Up 1.2 %

Shares of NASDAQ AMZN traded up $2.38 during mid-day trading on Friday, hitting $199.97. The company had a trading volume of 16,365,729 shares, compared to its average volume of 42,638,844. The company has a market capitalization of $2.08 trillion, a PE ratio of 56.03, a price-to-earnings-growth ratio of 1.41 and a beta of 1.15. The firm has a 50-day simple moving average of $185.58 and a two-hundred day simple moving average of $174.31. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $200.55.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter last year, the company earned $0.31 EPS. Amazon.com’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, equities analysts expect that Amazon.com, Inc. will post 4.72 EPS for the current year.

Analyst Ratings Changes

AMZN has been the topic of a number of recent research reports. Benchmark reiterated a “buy” rating and issued a $200.00 price objective on shares of Amazon.com in a research report on Wednesday, May 1st. Needham & Company LLC reiterated a “buy” rating and issued a $205.00 price objective on shares of Amazon.com in a research report on Monday. DA Davidson reissued a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a research note on Thursday, April 18th. Robert W. Baird increased their price target on Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a research note on Friday, June 21st. Finally, JPMorgan Chase & Co. increased their price target on Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $215.86.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $195.99, for a total transaction of $685,965.00. Following the completion of the transaction, the chief executive officer now owns 519,753 shares in the company, valued at $101,866,390.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP David Zapolsky sold 4,710 shares of Amazon.com stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $195.00, for a total transaction of $918,450.00. Following the completion of the transaction, the senior vice president now owns 59,500 shares in the company, valued at $11,602,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $195.99, for a total transaction of $685,965.00. Following the sale, the chief executive officer now owns 519,753 shares of the company’s stock, valued at $101,866,390.47. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,548 shares of company stock worth $12,774,204. Company insiders own 10.80% of the company’s stock.

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.