Connecticut Wealth Management LLC Purchases 317 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Connecticut Wealth Management LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 30,793 shares of the e-commerce giant’s stock after purchasing an additional 317 shares during the period. Connecticut Wealth Management LLC’s holdings in Amazon.com were worth $5,951,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AMZN. PayPay Securities Corp grew its holdings in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after acquiring an additional 64 shares in the last quarter. Christopher J. Hasenberg Inc boosted its position in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares during the last quarter. Steph & Co. bought a new position in Amazon.com in the 1st quarter valued at $65,000. Koesten Hirschmann & Crabtree INC. bought a new position in Amazon.com in the 1st quarter valued at $69,000. Finally, Innealta Capital LLC purchased a new stake in shares of Amazon.com during the 2nd quarter valued at $77,000. 72.20% of the stock is owned by institutional investors.

Insider Transactions at Amazon.com

In related news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,355 shares of company stock worth $9,877,423. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $189.07 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. The firm has a market cap of $1.97 trillion, a PE ratio of 52.96, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The business has a 50 day moving average price of $182.43 and a 200-day moving average price of $183.50.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.18. The business had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Equities research analysts predict that Amazon.com, Inc. will post 4.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AMZN. Telsey Advisory Group reissued an “outperform” rating and issued a $215.00 price target on shares of Amazon.com in a report on Thursday, October 10th. Wells Fargo & Company cut shares of Amazon.com from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $225.00 to $183.00 in a research note on Monday, October 7th. JPMorgan Chase & Co. decreased their price target on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Scotiabank started coverage on shares of Amazon.com in a report on Friday, October 11th. They issued a “sector outperform” rating and a $245.00 price target on the stock. Finally, DA Davidson reissued a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $236.78.

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.