Amazon.com (NASDAQ:AMZN) Stock Price Down 1.4% Following Insider Selling

by · The Markets Daily

Amazon.com, Inc. (NASDAQ:AMZN) was down 1.4% during trading on Thursday after an insider sold shares in the company. The stock traded as low as $226.80 and last traded at $229.11. Approximately 45,347,212 shares were traded during trading, an increase of 0% from the average daily volume of 45,223,023 shares. The stock had previously closed at $232.38.

Specifically, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $233.22, for a total value of $583,050.00. Following the completion of the sale, the chief executive officer directly owned 505,934 shares of the company’s stock, valued at $117,993,927.48. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Evercore ISI increased their price target on Amazon.com from $280.00 to $335.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Amazon.com in a research report on Monday. Rothschild & Co Redburn reissued a “neutral” rating and issued a $250.00 target price on shares of Amazon.com in a research note on Tuesday, November 18th. BMO Capital Markets reaffirmed an “outperform” rating and set a $300.00 price target on shares of Amazon.com in a research note on Friday, October 31st. Finally, Roth Capital upped their price target on shares of Amazon.com from $250.00 to $270.00 and gave the company a “buy” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, fifty-seven have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $296.11.

Get Our Latest Stock Report on Amazon.com

Amazon.com Price Performance

The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01. The firm has a fifty day simple moving average of $228.17 and a 200 day simple moving average of $223.61. The company has a market capitalization of $2.45 trillion, a PE ratio of 32.36, a P/E/G ratio of 1.61 and a beta of 1.37.

Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. The business had revenue of $180.17 billion for the quarter, compared to the consensus estimate of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The business’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.43 EPS. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Barlow Wealth Partners Inc. lifted its holdings in Amazon.com by 0.4% during the second quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant’s stock worth $2,763,000 after buying an additional 44 shares during the period. Ridgecrest Wealth Partners LLC increased its holdings in shares of Amazon.com by 0.5% in the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock valued at $1,843,000 after acquiring an additional 45 shares during the period. Probity Advisors Inc. raised its position in shares of Amazon.com by 0.4% in the 2nd quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant’s stock worth $2,667,000 after acquiring an additional 45 shares in the last quarter. IMPACTfolio LLC lifted its stake in shares of Amazon.com by 3.8% during the 3rd quarter. IMPACTfolio LLC now owns 1,225 shares of the e-commerce giant’s stock worth $269,000 after purchasing an additional 45 shares during the last quarter. Finally, Cadence Wealth Management LLC boosted its position in Amazon.com by 3.5% during the third quarter. Cadence Wealth Management LLC now owns 1,328 shares of the e-commerce giant’s stock valued at $292,000 after purchasing an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

About Amazon.com

(Get Free Report)

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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