Insider Selling: Amazon.com, Inc. (NASDAQ:AMZN) CEO Sells 4,784 Shares of Stock

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington sold 4,784 shares of Amazon.com stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $205.05, for a total transaction 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 trade represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $204.07 on Wednesday. The stock has a fifty day moving average price of $189.68 and a two-hundred day moving average price of $208.79. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The firm has a market cap of $2.17 trillion, a P/E ratio of 36.90, a PEG ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The firm 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%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the company posted $0.98 EPS. Research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Amazon.com

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Acorns Advisers LLC boosted its stake in Amazon.com by 20.3% during the 1st quarter. Acorns Advisers LLC now owns 24,778 shares of the e-commerce giant’s stock valued at $4,714,000 after purchasing an additional 4,185 shares in the last quarter. Blue Rock Wealth Management LLC grew its holdings in shares of Amazon.com by 34.9% in the 1st quarter. Blue Rock Wealth Management LLC now owns 14,692 shares of the e-commerce giant’s stock worth $2,795,000 after acquiring an additional 3,800 shares during the last quarter. Intech Investment Management LLC raised its position in shares of Amazon.com by 29.1% during the first quarter. Intech Investment Management LLC now owns 1,402,251 shares of the e-commerce giant’s stock worth $266,792,000 after purchasing an additional 315,755 shares during the period. Flaharty Asset Management LLC lifted its holdings in shares of Amazon.com by 87.7% during the first quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock valued at $968,000 after purchasing an additional 2,377 shares during the last quarter. Finally, Integrity Alliance LLC. lifted its holdings in shares of Amazon.com by 524.3% during the first quarter. Integrity Alliance LLC. now owns 207,870 shares of the e-commerce giant’s stock valued at $39,549,000 after purchasing an additional 174,572 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on AMZN shares. JMP Securities reaffirmed a “market outperform” rating on shares of Amazon.com in a research note on Tuesday, May 6th. Royal Bank of Canada reduced their price target on shares of Amazon.com from $235.00 to $230.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Citigroup reissued an “outperform” rating on shares of Amazon.com in a research note on Friday, May 2nd. Evercore ISI reduced their price target on shares of Amazon.com from $270.00 to $260.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Finally, Truist Financial reduced their price target on shares of Amazon.com from $265.00 to $230.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $244.09.

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.