Amazon.com (NASDAQ:AMZN) Stock Price Down 0.1% on Insider Selling

Amazon.com, Inc. (NASDAQ:AMZN) was down 0.1% during mid-day trading on Tuesday following insider selling activity. The stock traded as low as $178.82 and last traded at $179.55. Approximately 7,547,493 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 44,191,188 shares. The stock had previously closed at $179.71.

Specifically, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $145.63, for a total transaction of $72,815.00. Following the completion of the transaction, the chief executive officer now owns 118,560 shares in the company, valued at $17,265,892.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at $20,239,226.60. The disclosure for this sale can be found here. Insiders sold 32,210,510 shares of company stock valued at $5,505,223,106 in the last 90 days. Insiders own 12.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Stifel Nicolaus boosted their price objective on Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Barclays increased their price target on Amazon.com from $190.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Needham & Company LLC lifted their price objective on shares of Amazon.com from $175.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Benchmark increased their target price on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, JMP Securities lifted their price target on shares of Amazon.com from $175.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Buy” and a consensus price target of $197.95.

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Amazon.com Trading Down 0.8 %

The company has a 50 day moving average of $169.22 and a two-hundred day moving average of $150.79. The stock has a market capitalization of $1.85 trillion, a PE ratio of 61.48, a P/E/G ratio of 1.56 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.

Amazon.com (NASDAQ:AMZNGet Free Report) last released 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 company had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. During the same period last year, the business earned $0.21 EPS. Amazon.com’s revenue for the quarter was up 13.9% on a year-over-year basis. Sell-side analysts predict that Amazon.com, Inc. will post 4.08 EPS for the current year.

Institutional Trading of Amazon.com

Several large investors have recently added to or reduced their stakes in the company. Mayflower Financial Advisors LLC boosted its holdings in shares of Amazon.com by 0.3% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 572 shares during the last quarter. Cooksen Wealth LLC purchased a new position in shares of Amazon.com during the 4th quarter valued at about $30,000. PayPay Securities Corp lifted its holdings in shares of Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 94 shares during the period. Laurel Wealth Planning LLC boosted its stake in shares of Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 304 shares during the last quarter. Finally, Sanctuary Wealth Management L.L.C. acquired a new stake in Amazon.com during the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Company Profile

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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.

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