Amazon.com (NASDAQ:AMZN) Shares Down 0.4% on Insider Selling

Shares of Amazon.com, Inc. (NASDAQ:AMZN) dropped 0.4% on Wednesday following insider selling activity. The stock traded as low as $186.39 and last traded at $188.00. Approximately 8,569,935 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 43,627,477 shares. The stock had previously closed at $188.76.

Specifically, CEO Douglas J. Herrington sold 14,300 shares of Amazon.com stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $175.00, for a total transaction of $2,502,500.00. Following the completion of the sale, the chief executive officer now owns 499,831 shares in the company, valued at approximately $87,470,425. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $169.97, for a total transaction of $1,019,624,364.53. Following the completion of the sale, the insider now owns 952,258,723 shares of the company’s stock, valued at $161,855,415,148.31. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 14,300 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $175.00, for a total value of $2,502,500.00. Following the completion of the transaction, the chief executive officer now owns 499,831 shares in the company, valued at $87,470,425. The disclosure for this sale can be found here. Insiders sold a total of 20,187,979 shares of company stock worth $3,440,575,337 over the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently commented on AMZN shares. Loop Capital raised their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a report on Monday. Benchmark reiterated a “buy” rating and set a $200.00 price objective on shares of Amazon.com in a research note on Wednesday, May 1st. Morgan Stanley upped their target price on shares of Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Susquehanna raised their price target on shares of Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a report on Friday, February 2nd. Finally, Argus upped their price objective on shares of Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $211.62.

Amazon.com Stock Performance

The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $1.95 trillion, a PE ratio of 52.56, a P/E/G ratio of 1.35 and a beta of 1.15. The firm’s 50-day moving average price is $180.15 and its two-hundred day moving average price is $162.00.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 EPS. As a group, research analysts predict that Amazon.com, Inc. will post 4.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Amazon.com

A number of institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new position in shares of Amazon.com during the 4th quarter valued at about $17,700,551,000. Vanguard Group Inc. increased its holdings in Amazon.com by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after buying an additional 32,038,029 shares during the period. International Assets Investment Management LLC raised its stake in shares of Amazon.com by 16,029.3% in the 4th quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock valued at $36,260,810,000 after buying an additional 23,717,254 shares in the last quarter. FMR LLC lifted its holdings in shares of Amazon.com by 7.7% during the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after acquiring an additional 21,649,871 shares during the period. Finally, Jennison Associates LLC boosted its position in shares of Amazon.com by 28.4% during the 3rd quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock valued at $6,989,254,000 after acquiring an additional 12,176,114 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

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.