Amazon.com, Inc. (NASDAQ:AMZN) CEO Andrew R. Jassy Sells 21,925 Shares

Amazon.com, Inc. (NASDAQ:AMZN) CEO Andrew R. Jassy sold 21,925 shares of the stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $115.37, for a total transaction of $2,529,487.25. Following the transaction, the chief executive officer now directly owns 1,997,681 shares of the company’s stock, valued at approximately $230,472,456.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $114.99 on Wednesday. The firm’s fifty day simple moving average is $104.48 and its 200-day simple moving average is $97.42. The stock has a market capitalization of $1.18 trillion, a price-to-earnings ratio of 273.79, a PEG ratio of 4.04 and a beta of 1.26. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $146.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.92 and a quick ratio of 0.69.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.09. The company had revenue of $127.36 billion for the quarter, compared to analysts’ expectations of $124.57 billion. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. Amazon.com’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 EPS. As a group, equities analysts forecast that Amazon.com, Inc. will post 1.57 earnings per share for the current year.

Hedge Funds Weigh In On Amazon.com

Several institutional investors have recently bought and sold shares of AMZN. Fiduciary Planning LLC raised its stake in Amazon.com by 1.5% in the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after purchasing an additional 5 shares during the last quarter. HBC Financial Services PLLC raised its stake in Amazon.com by 0.8% in the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after purchasing an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. raised its stake in Amazon.com by 3.4% in the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after purchasing an additional 5 shares during the last quarter. Alterna Wealth Management Inc. increased its stake in shares of Amazon.com by 1.8% during the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after acquiring an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners increased its stake in shares of Amazon.com by 3.7% during the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after acquiring an additional 6 shares during the last quarter. 57.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AMZN. StockNews.com began coverage on shares of Amazon.com in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Moffett Nathanson lowered their price objective on shares of Amazon.com from $119.00 to $116.00 and set an “outperform” rating for the company in a research note on Monday, April 24th. UBS Group raised their price objective on shares of Amazon.com from $125.00 to $130.00 in a research note on Friday, April 28th. Susquehanna raised their price objective on shares of Amazon.com from $140.00 to $150.00 and gave the company a “positive” rating in a research note on Friday, February 3rd. Finally, Credit Suisse Group lowered their price objective on shares of Amazon.com from $150.00 to $140.00 in a research note on Tuesday, April 25th. Three analysts have rated the stock with a hold rating and forty-one have given a buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $143.12.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.