Amazon.com, Inc. (NASDAQ:AMZN) CFO Sells $3,262,306.80 in Stock

Amazon.com, Inc. (NASDAQ:AMZN) CFO Brian T. Olsavsky sold 14,620 shares of Amazon.com stock in a transaction on Friday, February 21st. The shares were sold at an average price of $223.14, for a total value of $3,262,306.80. Following the completion of the transaction, the chief financial officer now owns 49,000 shares in the company, valued at approximately $10,933,860. The trade was a 22.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Amazon.com Stock Up 0.0 %

AMZN traded up $0.09 during midday trading on Tuesday, reaching $212.80. 58,833,337 shares of the company were exchanged, compared to its average volume of 36,243,547. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The company’s fifty day moving average price is $227.48 and its 200 day moving average price is $204.88. The company has a market cap of $2.26 trillion, a price-to-earnings ratio of 38.48, a price-to-earnings-growth ratio of 1.50 and a beta of 1.15. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on AMZN. Moffett Nathanson boosted their price objective on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Piper Sandler restated an “overweight” rating and set a $265.00 price objective (up previously from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. Cantor Fitzgerald restated an “overweight” rating and set a $270.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Jefferies Financial Group boosted their price objective on Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, DA Davidson boosted their price objective on Amazon.com from $235.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $260.65.

Institutional Trading of Amazon.com

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after acquiring an additional 17,635,391 shares in the last quarter. State Street Corp grew its holdings in shares of Amazon.com by 3.3% in the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock valued at $66,926,008,000 after acquiring an additional 11,370,309 shares in the last quarter. FMR LLC grew its holdings in shares of Amazon.com by 0.5% in the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock valued at $72,061,766,000 after acquiring an additional 1,725,664 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Amazon.com by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock valued at $44,837,256,000 after acquiring an additional 5,015,380 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Amazon.com by 2.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock valued at $40,107,544,000 after acquiring an additional 4,087,933 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

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.