Adam Selipsky Sells 500 Shares of Amazon.com, Inc. (NASDAQ:AMZN) Stock

Amazon.com, Inc. (NASDAQ:AMZN) CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the transaction, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, April 4th, Adam Selipsky sold 500 shares of Amazon.com stock. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00.
• On Thursday, March 21st, Adam Selipsky sold 500 shares of Amazon.com stock. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00.
• On Thursday, February 1st, Adam Selipsky sold 500 shares of Amazon.com stock. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $179.54 on Wednesday. The company has a market capitalization of $1.87 trillion, a PE ratio of 61.91, a P/E/G ratio of 1.52 and a beta of 1.17. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The company has a 50-day simple moving average of $177.60 and a two-hundred day simple moving average of $157.99. Amazon.com, Inc. has a one year low of $101.15 and a one year high of $189.77.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. During the same period in the previous year, the company posted $0.21 earnings per share. The firm’s revenue was up 13.9% on a year-over-year basis. Research analysts expect that Amazon.com, Inc. will post 4.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wolfe Research lifted their price objective on shares of Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Bank of America lifted their price objective on shares of Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. BMO Capital Markets lifted their price objective on shares of Amazon.com from $205.00 to $215.00 and gave the stock an “outperform” rating in a research note on Tuesday. Raymond James lifted their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 2nd. Finally, Stifel Nicolaus lifted their price objective on shares of Amazon.com from $200.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Buy” and an average target price of $203.13.

Hedge Funds Weigh In On Amazon.com

Several hedge funds have recently modified their holdings of the stock. Bell Bank increased its holdings in shares of Amazon.com by 28.9% during the first quarter. Bell Bank now owns 51,942 shares of the e-commerce giant’s stock valued at $9,369,000 after acquiring an additional 11,651 shares in the last quarter. Truefg LLC acquired a new position in shares of Amazon.com during the first quarter valued at about $230,000. Charter Oak Capital Management LLC increased its holdings in shares of Amazon.com by 24.1% during the first quarter. Charter Oak Capital Management LLC now owns 6,132 shares of the e-commerce giant’s stock valued at $1,105,000 after acquiring an additional 1,192 shares in the last quarter. North Point Portfolio Managers Corp OH increased its holdings in shares of Amazon.com by 0.4% during the first quarter. North Point Portfolio Managers Corp OH now owns 104,316 shares of the e-commerce giant’s stock valued at $18,817,000 after acquiring an additional 443 shares in the last quarter. Finally, Iowa State Bank boosted its position in Amazon.com by 2.5% in the first quarter. Iowa State Bank now owns 47,073 shares of the e-commerce giant’s stock valued at $8,491,000 after buying an additional 1,146 shares during the last quarter. Institutional investors and hedge funds 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.