Cranbrook Wealth Management LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 16.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,766 shares of the e-commerce giant’s stock after selling 360 shares during the quarter. Cranbrook Wealth Management LLC’s holdings in Amazon.com were worth $148,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of AMZN. McElhenny Sheffield Capital Management LLC purchased a new stake in shares of Amazon.com in the fourth quarter valued at approximately $27,000. St. James Investment Advisors LLC grew its position in Amazon.com by 97.7% in the fourth quarter. St. James Investment Advisors LLC now owns 344 shares of the e-commerce giant’s stock worth $29,000 after acquiring an additional 170 shares during the period. Retirement Financial Solutions LLC purchased a new position in Amazon.com in the fourth quarter worth approximately $32,000. Laurel Wealth Planning LLC grew its position in Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 304 shares during the period. Finally, Swaine & Leidel Wealth Services LLC acquired a new position in Amazon.com during the first quarter worth $38,000. Institutional investors and hedge funds own 57.64% of the company’s stock.
Insider Transactions at Amazon.com
In other news, CEO Andrew R. Jassy sold 21,925 shares of the company’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $115.37, for a total transaction of $2,529,487.25. Following the completion of the sale, the chief executive officer now directly owns 1,997,681 shares in the company, valued at approximately $230,472,456.97. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Andrew R. Jassy sold 21,925 shares of the company’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $115.37, for a total transaction of $2,529,487.25. Following the completion of the sale, the chief executive officer now directly owns 1,997,681 shares in the company, valued at approximately $230,472,456.97. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $115.60, for a total value of $358,360.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $13,846,568. The disclosure for this sale can be found here. Insiders sold a total of 75,144 shares of company stock worth $8,405,887 in the last ninety days. Insiders own 12.30% of the company’s stock.
Wall Street Analysts Forecast Growth
Amazon.com Trading Up 4.4 %
Shares of AMZN opened at $120.11 on Monday. The stock has a fifty day moving average of $105.61 and a two-hundred day moving average of $98.02. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.69 and a current ratio of 0.92. The company has a market capitalization of $1.23 trillion, a PE ratio of 285.98, a price-to-earnings-growth ratio of 4.18 and a beta of 1.26. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $146.57.
Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.09. The company had revenue of $127.36 billion during the quarter, compared to the consensus estimate of $124.57 billion. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. Amazon.com’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 EPS. As a group, analysts forecast that Amazon.com, Inc. will post 1.57 EPS for the current year.
Amazon.com Profile
Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.
Read More
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