Cranbrook Wealth Management LLC Has $937,000 Stock Holdings in Amazon.com, Inc. $AMZN

Cranbrook Wealth Management LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 7.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,273 shares of the e-commerce giant’s stock after selling 368 shares during the quarter. Cranbrook Wealth Management LLC’s holdings in Amazon.com were worth $937,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. Carderock Capital Management Inc. acquired a new stake in Amazon.com in the second quarter worth about $27,000. Cooksen Wealth LLC bought a new position in shares of Amazon.com during the 1st quarter valued at about $36,000. Inlight Wealth Management LLC bought a new stake in Amazon.com in the 1st quarter valued at approximately $40,000. Capitol Family Office Inc. bought a new stake in Amazon.com in the 1st quarter valued at approximately $42,000. Finally, Maryland Capital Advisors Inc. lifted its stake 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 acquiring an additional 95 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $201,816,902,603.28. This represents a 0.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders sold 20,845,122 shares of company stock valued at $4,731,747,929. 9.70% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $219.51 on Friday. The stock has a fifty day moving average price of $226.55 and a 200-day moving average price of $211.02. The company has a market cap of $2.34 trillion, a price-to-earnings ratio of 33.46, a PEG ratio of 1.49 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 fifty-two week low of $161.38 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the prior year, the company earned $1.26 EPS. Amazon.com’s revenue for the quarter was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AMZN shares. Rosenblatt Securities boosted their target price on Amazon.com from $288.00 to $297.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Bank of America boosted their target price on Amazon.com from $265.00 to $272.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Zacks Research lowered Amazon.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Cantor Fitzgerald boosted their price target on Amazon.com from $260.00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Amazon.com in a research report on Saturday, September 27th. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $266.26.

Amazon.com 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.