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

Amazon.com, Inc. (NASDAQ:AMZN)’s stock price dropped 0.1% during trading on Thursday after an insider sold shares in the company. The stock traded as low as $182.21 and last traded at $182.96. Approximately 9,517,548 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 43,082,691 shares. The stock had previously closed at $183.13.

Specifically, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the sale, the chief executive officer now owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Amazon.com news, Director Jonathan Rubinstein sold 5,556 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $180.00, for a total transaction of $1,000,080.00. Following the completion of the sale, the director now owns 109,664 shares of the company’s stock, valued at $19,739,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the sale, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 117,894 shares of company stock valued at $21,363,909. 10.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Benchmark reaffirmed a “buy” rating and set a $200.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. Barclays upped their target price on Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. UBS Group increased their price objective on Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Evercore ISI increased their price objective on Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Finally, Oppenheimer upped their target price on Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a research note 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 stock. According to data from MarketBeat, Amazon.com has a consensus rating of “Buy” and an average target price of $211.62.

Amazon.com Price Performance

The stock has a market cap of $1.88 trillion, a price-to-earnings ratio of 50.63, a P/E/G ratio of 1.30 and a beta of 1.15. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The company’s fifty day moving average is $182.04 and its two-hundred day moving average is $166.06.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com in the fourth quarter valued at about $30,000. PayPay Securities Corp lifted its stake in shares of Amazon.com by 54.3% during the third 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. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 86 shares during the period. Strid Group LLC purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $43,000. Finally, Harbor Investment Advisory LLC lifted its stake in shares of Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 1,988 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.