Insider Selling: Amazon.com, Inc. (NASDAQ:AMZN) Director Sells 1,000 Shares of Stock

Amazon.com, Inc. (NASDAQ:AMZN) Director Keith Brian Alexander sold 1,000 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the sale, the director now owns 5,465 shares in the company, valued at $1,151,366.20. This represents a 15.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $205.17 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $189.15 and a 200-day moving average price of $208.40. The company has a market cap of $2.18 trillion, a price-to-earnings ratio of 37.10, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Amazon.com’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.98 EPS. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several recent research reports. Citizens Jmp reduced their target price on shares of Amazon.com from $285.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Maxim Group increased their target price on Amazon.com from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Wells Fargo & Company reduced their price target on Amazon.com from $207.00 to $203.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 25th. Finally, Citigroup reiterated an “outperform” rating on shares of Amazon.com in a research note on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $244.09.

Institutional Trading of Amazon.com

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Promethium Advisors LLC raised its holdings in Amazon.com by 6.2% in the 1st quarter. Promethium Advisors LLC now owns 9,960 shares of the e-commerce giant’s stock worth $1,895,000 after purchasing an additional 578 shares in the last quarter. Paragon Private Wealth Management LLC increased its position in shares of Amazon.com by 14.1% during the first quarter. Paragon Private Wealth Management LLC now owns 27,261 shares of the e-commerce giant’s stock valued at $5,187,000 after buying an additional 3,376 shares during the period. Rench Wealth Management Inc. raised its stake in Amazon.com by 1.0% in the first quarter. Rench Wealth Management Inc. now owns 52,509 shares of the e-commerce giant’s stock worth $9,990,000 after buying an additional 531 shares in the last quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. raised its stake in Amazon.com by 3.3% in the first quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 16,031 shares of the e-commerce giant’s stock worth $3,050,000 after buying an additional 516 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec lifted its holdings in Amazon.com by 3.3% in the first quarter. Federation des caisses Desjardins du Quebec now owns 1,889,592 shares of the e-commerce giant’s stock worth $359,537,000 after buying an additional 60,017 shares during the period. 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.