Amazon.com, Inc. $AMZN Shares Purchased by Cherrydale Wealth Management LLC

Cherrydale Wealth Management LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,308 shares of the e-commerce giant’s stock after purchasing an additional 514 shares during the quarter. Amazon.com comprises approximately 0.9% of Cherrydale Wealth Management LLC’s investment portfolio, making the stock its 17th largest position. Cherrydale Wealth Management LLC’s holdings in Amazon.com were worth $2,481,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Lederer & Associates Investment Counsel CA increased its stake in shares of Amazon.com by 1.4% in the 2nd quarter. Lederer & Associates Investment Counsel CA now owns 23,465 shares of the e-commerce giant’s stock worth $5,148,000 after acquiring an additional 327 shares during the last quarter. AdvisorNet Financial Inc increased its stake in shares of Amazon.com by 0.9% in the 2nd quarter. AdvisorNet Financial Inc now owns 39,520 shares of the e-commerce giant’s stock worth $8,670,000 after acquiring an additional 366 shares during the last quarter. Oliver Luxxe Assets LLC increased its stake in shares of Amazon.com by 2.1% in the 2nd quarter. Oliver Luxxe Assets LLC now owns 35,911 shares of the e-commerce giant’s stock worth $7,879,000 after acquiring an additional 746 shares during the last quarter. Chris Bulman Inc increased its stake in shares of Amazon.com by 22.1% in the 2nd quarter. Chris Bulman Inc now owns 2,328 shares of the e-commerce giant’s stock worth $511,000 after acquiring an additional 421 shares during the last quarter. Finally, IronOak Wealth LLC. acquired a new stake in shares of Amazon.com in the 2nd quarter worth $3,794,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 20,842,622 shares of company stock valued at $4,731,205,179 in the last three months. Company insiders own 9.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AMZN. BNP Paribas Exane raised Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 target price for the company in a research note on Friday, June 27th. BNP Paribas raised Amazon.com from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 27th. Rosenblatt Securities increased their price target on Amazon.com from $288.00 to $297.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Morgan Stanley reiterated an “overweight” rating on shares of Amazon.com in a report on Wednesday, September 10th. Finally, JMP Securities reiterated a “market outperform” rating and set a $285.00 price target on shares of Amazon.com in a report on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $265.09.

Amazon.com Trading Up 0.5%

NASDAQ:AMZN opened at $220.63 on Thursday. The stock has a fifty day moving average price of $226.99 and a two-hundred day moving average price of $210.65. The stock has a market capitalization of $2.35 trillion, a price-to-earnings ratio of 33.63, a PEG ratio of 1.47 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.Amazon.com’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate 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.