Amazon.com (NASDAQ:AMZN) Trading Down 1.2% Following Insider Selling

Shares of Amazon.com, Inc. (NASDAQ:AMZN) fell 1.2% during mid-day trading on Tuesday following insider selling activity. The stock traded as low as $203.72 and last traded at $203.78. 7,560,751 shares changed hands during trading, a decline of 82% from the average session volume of 41,824,906 shares. The stock had previously closed at $206.16.

Specifically, CEO Douglas J. Herrington sold 4,784 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $205.05, for a total value of $980,959.20. Following the transaction, the chief executive officer now directly owns 514,150 shares in the company, valued at $105,426,457.50. This represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the transaction, the director now owns 5,465 shares of the company’s stock, valued at $1,151,366.20. This represents a 15.47% decrease in their position. The disclosure for this sale can be found here.

Analysts Set New Price Targets

A number of analysts recently issued reports on AMZN shares. Bank of America decreased their target price on Amazon.com from $257.00 to $225.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Piper Sandler reiterated an “overweight” rating and set a $212.00 target price (down previously from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Phillip Securities cut Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 10th. Barclays reduced their price objective on Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. Finally, Wedbush reiterated an “outperform” rating and issued a $235.00 target price (up from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $244.09.

Amazon.com Trading Down 1.2%

The company has a market cap of $2.16 trillion, a P/E ratio of 36.85, a P/E/G ratio of 1.50 and a beta of 1.30. The business has a fifty day simple moving average of $189.48 and a 200 day simple moving average of $208.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same period last year, the firm posted $0.98 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. Analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Institutional Trading of Amazon.com

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Momentous Wealth Management Inc. bought a new position in Amazon.com in the 4th quarter valued at about $749,000. Segall Bryant & Hamill LLC boosted its holdings in shares of Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock valued at $69,572,000 after acquiring an additional 39,696 shares in the last quarter. Evergreen Capital Management LLC increased its stake in shares of Amazon.com by 0.5% during the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock valued at $53,213,000 after acquiring an additional 1,198 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Amazon.com by 173.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock worth $759,434,000 after purchasing an additional 2,196,353 shares in the last quarter. Finally, Keyvantage Wealth LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at $2,735,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.