Amazon.com, Inc. $AMZN Shares Sold by Crane Advisory LLC

Key Points

• Crane Advisory LLC reduced its stake in Amazon.com, Inc. by 30.4% in the second quarter, now holding 4,734 shares valued at approximately $1,065,000.
• Analysts have set new price targets for Amazon, with JPMorgan increasing theirs from $255 to $265 and Barclays from $240 to $275, indicating positive sentiment towards the stock.
• Despite recent insider sales, Amazon reported earnings of $1.68 per share for the last quarter, surpassing estimates, with a revenue of $167.70 billion.

Crane Advisory LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 30.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,734 shares of the e-commerce giant's stock after selling 2,065 shares during the period. Amazon.com accounts for approximately 0.2% of Crane Advisory LLC's portfolio, making the stock its 23rd largest position. Crane Advisory LLC's holdings in Amazon.com were worth $1,065,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Carderock Capital Management Inc. purchased a new stake in shares of Amazon.com in the second quarter valued at about $27,000. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com in the first quarter valued at about $36,000. Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com in the first quarter valued at about $40,000. Capitol Family Office Inc. purchased a new stake in shares of Amazon.com in the first quarter valued at about $42,000. Finally, Maryland Capital Advisors Inc. raised its holdings in shares of Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant's stock valued at $46,000 after buying an additional 95 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Amazon.com from $255.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Barclays increased their price target on shares of Amazon.com from $240.00 to $275.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Roth Capital set a $250.00 price target on shares of Amazon.com and gave the stock a "buy" rating in a report on Tuesday, July 8th. HSBC increased their price target on shares of Amazon.com from $256.00 to $260.00 and gave the stock a "buy" rating in a report on Monday, September 29th. Finally, Zacks Research cut shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Three equities 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's stock. According to MarketBeat, Amazon.com currently has a consensus rating of "Buy" and an average target price of $266.26.

Amazon.com Stock Down 5.0%

Shares of NASDAQ AMZN opened at $216.37 on Friday. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The firm's 50 day moving average price is $225.94 and its 200 day moving average price is $211.82. The firm has a market cap of $2.31 trillion, a P/E ratio of 32.98, a price-to-earnings-growth ratio of 1.51 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 (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. Amazon.com's revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the business earned $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 year.

Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 13,570 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the transaction, the senior vice president owned 44,110 shares of the company's stock, valued at approximately $9,825,943.60. This trade represents a 23.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the completion of the transaction, the chief executive officer directly owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. This represents a 0.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,040,098 shares of company stock valued at $3,204,129,405 over the last 90 days. 9.70% of the stock is currently owned by insiders.

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.

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