Amazon.com, Inc. (NASDAQ:AMZN) CFO Brian T. Olsavsky Sells 14,600 Shares

Amazon.com, Inc. (NASDAQ:AMZN) CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $182.11, for a total value of $2,658,806.00. Following the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,923,390. The sale was disclosed in a document filed with the SEC, which is available at this link.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $180.75 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a twelve month low of $114.31 and a twelve month high of $191.70. The business has a 50-day moving average price of $182.04 and a 200 day moving average price of $166.06. The firm has a market cap of $1.88 trillion, a PE ratio of 50.63, a P/E/G ratio of 1.31 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same period in the previous year, the firm posted $0.31 EPS. Amazon.com’s revenue was up 12.5% compared to the same quarter last year. Sell-side analysts predict that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Amazon.com

Institutional investors have recently bought and sold shares of the company. Members Trust Co boosted its holdings in shares of Amazon.com by 8.9% during the 4th quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock worth $638,000 after purchasing an additional 341 shares during the last quarter. Cherrydale Wealth Management LLC raised its position in Amazon.com by 14.7% in the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after purchasing an additional 675 shares during the period. Tompkins Financial Corp raised its position in Amazon.com by 3.3% in the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after purchasing an additional 2,273 shares during the period. Nicholas Company Inc. raised its position in Amazon.com by 3.9% in the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after purchasing an additional 26,465 shares during the period. Finally, Nordea Investment Management AB increased its position in shares of Amazon.com by 5.4% during the fourth quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock worth $825,065,000 after acquiring an additional 277,631 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. BMO Capital Markets increased their target price on Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. JMP Securities reaffirmed a “market outperform” rating and set a $225.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. Moffett Nathanson reissued a “buy” rating and issued a $228.00 price objective on shares of Amazon.com in a research report on Thursday, April 11th. Robert W. Baird raised their price objective on Amazon.com from $205.00 to $210.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Barclays raised their price objective on Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and an average price target of $211.62.

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.