Insider Selling: Amazon.com, Inc. (NASDAQ:AMZN) Insider Sells 2,996,362 Shares of Stock

Amazon.com, Inc. (NASDAQ:AMZN) insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $206.75, for a total value of $619,497,843.50. Following the sale, the insider now owns 914,420,614 shares in the company, valued at approximately $189,056,461,944.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Amazon.com Trading Up 2.5 %

NASDAQ AMZN opened at $214.10 on Thursday. Amazon.com, Inc. has a fifty-two week low of $139.52 and a fifty-two week high of $215.09. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a 50 day simple moving average of $189.05 and a two-hundred day simple moving average of $185.15. The stock has a market cap of $2.25 trillion, a P/E ratio of 45.85, a price-to-earnings-growth ratio of 1.40 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 EPS. On average, analysts forecast that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. True Vision MN LLC purchased a new position in shares of Amazon.com in the 3rd quarter valued at approximately $419,000. RPg Family Wealth Advisory LLC increased its position in Amazon.com by 35.6% during the 3rd quarter. RPg Family Wealth Advisory LLC now owns 60,937 shares of the e-commerce giant’s stock valued at $11,354,000 after buying an additional 15,984 shares in the last quarter. CreativeOne Wealth LLC increased its position in Amazon.com by 42.0% during the 3rd quarter. CreativeOne Wealth LLC now owns 122,799 shares of the e-commerce giant’s stock valued at $22,881,000 after buying an additional 36,345 shares in the last quarter. BNP Paribas increased its position in Amazon.com by 10.7% during the 3rd quarter. BNP Paribas now owns 456,471 shares of the e-commerce giant’s stock valued at $85,335,000 after buying an additional 44,090 shares in the last quarter. Finally, WorthPointe LLC increased its position in Amazon.com by 7.1% during the 3rd quarter. WorthPointe LLC now owns 3,640 shares of the e-commerce giant’s stock valued at $678,000 after buying an additional 241 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AMZN shares. Morgan Stanley boosted their price objective on Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. TD Cowen boosted their price objective on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Sanford C. Bernstein upped their target price on Amazon.com from $225.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Loop Capital upped their target price on Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, DA Davidson restated a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a research note on Thursday, October 10th. Two analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $234.55.

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.