Amazon.com (NASDAQ:AMZN) Shares Down 0.4% After Insider Selling

Amazon.com, Inc. (NASDAQ:AMZN)’s stock price fell 0.4% during trading on Wednesday following insider selling activity. The company traded as low as $186.39 and last traded at $188.00. 8,569,935 shares changed hands during trading, a decline of 80% from the average session volume of 43,627,477 shares. The stock had previously closed at $188.76.

Specifically, insider Jeffrey P. Bezos sold 2,009,208 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the transaction, the insider now owns 938,251,817 shares of the company’s stock, valued at approximately $156,491,020,557.43. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Amazon.com news, insider Jeffrey P. Bezos sold 2,009,208 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the completion of the sale, the insider now owns 938,251,817 shares in the company, valued at approximately $156,491,020,557.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,187,979 shares of company stock worth $3,440,575,337. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $205.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. Loop Capital raised their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Monday. Raymond James lifted their price target on Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a research note on Wednesday, May 1st. Royal Bank of Canada upped their price objective on Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Finally, Citigroup raised their price objective on Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $211.62.

Amazon.com Price Performance

The business has a 50 day simple moving average of $179.90 and a two-hundred day simple moving average of $161.81. The firm has a market capitalization of $1.97 trillion, a P/E ratio of 53.08, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter in the prior year, the firm earned $0.31 earnings per share. The firm’s revenue was up 12.5% on a year-over-year basis. On average, sell-side analysts expect that Amazon.com, Inc. will post 4.67 EPS for the current fiscal year.

Hedge Funds Weigh In On Amazon.com

Several institutional investors and hedge funds have recently made changes to their positions in the business. Cooksen Wealth LLC purchased a new stake in Amazon.com during the 4th quarter valued at about $30,000. PayPay Securities Corp boosted its position in Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 86 shares during the period. Strid Group LLC purchased a new position in shares of Amazon.com in the 4th quarter valued at approximately $43,000. Finally, Harbor Investment Advisory LLC raised its holdings in Amazon.com by 0.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 1,988 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

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.