Amazon.com (NASDAQ:AMZN) Shares Down 0.1% Following Insider Selling

Amazon.com, Inc. (NASDAQ:AMZN) fell 0.1% on Tuesday following insider selling activity. The stock traded as low as $195.99 and last traded at $196.95. 9,336,603 shares were traded during mid-day trading, a decline of 78% from the average session volume of 42,655,012 shares. The stock had previously closed at $197.20.

Specifically, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the sale, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the transaction, the chief executive officer now owns 130,600 shares of the company’s stock, valued at $23,688,228. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,548 shares of company stock valued at $12,180,239. 10.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. BMO Capital Markets increased their price target on shares of Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. JMP Securities reiterated a “market outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a research report on Wednesday, May 1st. Tigress Financial boosted their target price on Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. Wells Fargo & Company raised their price target on Amazon.com from $234.00 to $239.00 and gave the company an “overweight” rating in a report on Friday. Finally, Roth Mkm reissued a “buy” rating and set a $210.00 price objective (up from $205.00) on shares of Amazon.com in a report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $215.86.

Amazon.com Price 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 company’s fifty day moving average is $183.87 and its 200 day moving average is $173.28. The firm has a market cap of $2.05 trillion, a price-to-earnings ratio of 55.17, a PEG ratio of 1.38 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 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 EPS. On average, equities research analysts predict that Amazon.com, Inc. will post 4.72 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Cooksen Wealth LLC acquired a new stake in Amazon.com in the fourth quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in 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 worth $42,000 after purchasing an additional 86 shares during the period. Strid Group LLC bought a new stake in Amazon.com in the fourth quarter valued at approximately $43,000. Clarity Asset Management Inc. acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $46,000. Finally, Steph & Co. acquired a new position in shares of Amazon.com during the 1st quarter worth approximately $65,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Company Profile

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.