Conning Inc. cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 7.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 9,344 shares of the e-commerce giant’s stock after selling 805 shares during the period. Conning Inc.’s holdings in Amazon.com were worth $14,034,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fiduciary Trust Co. increased its stake in shares of Amazon.com by 2.9% during the fourth quarter. Fiduciary Trust Co. now owns 31,178 shares of the e-commerce giant’s stock worth $46,828,000 after acquiring an additional 878 shares during the period. Hayden Royal LLC acquired a new position in shares of Amazon.com during the fourth quarter worth about $6,389,000. HM Capital Management LLC increased its stake in shares of Amazon.com by 9.5% during the fourth quarter. HM Capital Management LLC now owns 1,202 shares of the e-commerce giant’s stock worth $1,805,000 after acquiring an additional 104 shares during the period. Alpha Cubed Investments LLC increased its stake in shares of Amazon.com by 15.6% during the fourth quarter. Alpha Cubed Investments LLC now owns 5,307 shares of the e-commerce giant’s stock worth $7,971,000 after acquiring an additional 715 shares during the period. Finally, Crescent Grove Advisors LLC increased its stake in shares of Amazon.com by 6.6% during the fourth quarter. Crescent Grove Advisors LLC now owns 385 shares of the e-commerce giant’s stock worth $578,000 after acquiring an additional 24 shares during the period. Institutional investors own 56.06% of the company’s stock.

Shares of NASDAQ AMZN opened at $1,871.15 on Thursday. Amazon.com, Inc. has a 12-month low of $1,307.00 and a 12-month high of $2,050.50. The stock has a market capitalization of $897.36 billion, a price-to-earnings ratio of 92.91, a price-to-earnings-growth ratio of 2.07 and a beta of 1.62. The company has a current ratio of 1.09, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, April 25th. The e-commerce giant reported $7.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.61 by $2.48. Amazon.com had a net margin of 4.97% and a return on equity of 28.91%. The company had revenue of $59.70 billion for the quarter, compared to the consensus estimate of $59.73 billion. During the same quarter in the prior year, the firm earned $3.27 earnings per share. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. On average, equities analysts predict that Amazon.com, Inc. will post 26.59 EPS for the current fiscal year.

A number of brokerages have recently issued reports on AMZN. Zacks Investment Research lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Monday, January 21st. Credit Suisse Group reiterated an “outperform” rating and set a $2,200.00 price target (up from $2,100.00) on shares of Amazon.com in a research note on Friday, April 26th. Oppenheimer boosted their price target on shares of Amazon.com from $1,975.00 to $2,085.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. BidaskClub lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, CIBC boosted their price target on shares of Amazon.com from $1,975.00 to $2,085.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Five equities research analysts have rated the stock with a hold rating and forty-three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $2,181.89.

In other news, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $1,811.14, for a total value of $3,622,280.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $18,111,400. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jeffrey A. Wilke sold 1,645 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $1,614.65, for a total transaction of $2,656,099.25. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $16,146,500. The disclosure for this sale can be found here. Insiders sold 12,075 shares of company stock worth $21,454,483 in the last ninety days. Insiders own 16.10% of the company’s stock.

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About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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