Amazon.com, Inc. (NASDAQ:AMZN) CEO Sells $90,000.00 in Stock

Amazon.com, Inc. (NASDAQ:AMZN) CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the sale, the chief executive officer now directly owns 132,600 shares in the company, valued at approximately $23,868,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Adam Selipsky also recently made the following trade(s):

• On Thursday, February 1st, Adam Selipsky sold 500 shares of Amazon.com stock. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00.
• On Thursday, January 18th, Adam Selipsky sold 500 shares of Amazon.com stock. The stock was sold at an average price of $152.78, for a total transaction of $76,390.00.
• On Thursday, January 4th, Adam Selipsky sold 500 shares of Amazon.com stock. The stock was sold at an average price of $145.63, for a total transaction of $72,815.00.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $179.83 on Thursday. The firm has a market cap of $1.87 trillion, a PE ratio of 62.01, a PEG ratio of 1.57 and a beta of 1.17. The firm has a fifty day moving average of $169.73 and a 200 day moving average of $151.07. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a one year low of $96.29 and a one year high of $181.41.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. During the same quarter in the previous year, the firm earned $0.21 EPS. The firm’s revenue was up 13.9% compared to the same quarter last year. As a group, research analysts predict that Amazon.com, Inc. will post 4.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Amazon.com

A number of large investors have recently modified their holdings of AMZN. Vanguard Group Inc. grew its holdings in shares of Amazon.com by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock valued at $117,158,872,000 after purchasing an additional 13,134,632 shares during the period. State Street Corp grew its holdings in shares of Amazon.com by 1.2% in the second quarter. State Street Corp now owns 335,869,897 shares of the e-commerce giant’s stock valued at $43,784,000,000 after purchasing an additional 3,970,330 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after purchasing an additional 295,880,050 shares during the period. FMR LLC grew its holdings in shares of Amazon.com by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after purchasing an additional 21,649,871 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Amazon.com by 2.9% in the second quarter. Geode Capital Management LLC now owns 170,151,722 shares of the e-commerce giant’s stock valued at $22,116,108,000 after purchasing an additional 4,842,542 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on AMZN shares. Robert W. Baird upped their price target on shares of Amazon.com from $185.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Benchmark increased their target price on shares of Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. TD Cowen increased their target price on shares of Amazon.com from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Mizuho increased their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, JMP Securities increased their target price on shares of Amazon.com from $175.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $197.95.

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.