Amazon.com (NASDAQ:AMZN) Trading Down 1.6% on Insider Selling

Amazon.com, Inc. (NASDAQ:AMZN) shares dropped 1.6% on Thursday following insider selling activity. The company traded as low as $196.07 and last traded at $196.57. Approximately 12,015,953 shares traded hands during trading, a decline of 72% from the average daily volume of 42,383,902 shares. The stock had previously closed at $199.79.

Specifically, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the transaction, the chief executive officer now owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the transaction, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total transaction of $631,015.00. Following the transaction, the chief executive officer now directly owns 509,358 shares in the company, valued at approximately $91,832,153.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,113,490 shares of company stock worth $1,222,340,738. Insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the topic of several research reports. Loop Capital boosted their target price on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Tigress Financial raised their price objective on Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, May 30th. BMO Capital Markets increased their price target on Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Bank of America boosted their price target on Amazon.com from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Finally, Wedbush reissued an “outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $217.38.

Amazon.com Stock Down 0.3 %

The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The firm has a market cap of $2.02 trillion, a PE ratio of 54.48, a PEG ratio of 1.43 and a beta of 1.15. The company’s 50 day moving average price is $187.63 and its two-hundred day moving average price is $176.17.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter in the prior year, the business posted $0.31 earnings per share. The business’s quarterly revenue was up 12.5% on a year-over-year basis. On average, equities research analysts expect that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Hedge Funds Weigh In On Amazon.com

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Amazon.com by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after purchasing an additional 14,724,687 shares during the last quarter. Norges Bank purchased a new position in Amazon.com during the 4th quarter valued at approximately $17,700,551,000. Capital Research Global Investors increased its stake in Amazon.com by 8.5% in the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after acquiring an additional 6,810,145 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Amazon.com by 0.5% during the 1st quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock worth $10,221,446,000 after acquiring an additional 295,132 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Amazon.com by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant’s stock valued at $7,888,870,000 after purchasing an additional 1,525,922 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

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.