Amazon.com, Inc. (NASDAQ:AMZN) Insider Jeffrey P. Bezos Sells 224,926 Shares

Amazon.com, Inc. (NASDAQ:AMZN) insider Jeffrey P. Bezos sold 224,926 shares of Amazon.com stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $223.56, for a total value of $50,284,456.56. Following the sale, the insider owned 905,454,975 shares of the company's stock, valued at approximately $202,423,514,211. This represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Amazon.com Stock Up 0.5%

Shares of AMZN stock traded up $1.07 during trading hours on Tuesday, reaching $220.46. The company had a trading volume of 39,185,716 shares, compared to its average volume of 42,077,706. The company has a market capitalization of $2.34 trillion, a P/E ratio of 35.91, a price-to-earnings-growth ratio of 1.68 and a beta of 1.34. The stock's fifty day simple moving average is $203.30 and its 200 day simple moving average is $208.67. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period last year, the firm earned $0.98 earnings per share. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on AMZN shares. Piper Sandler reaffirmed an "overweight" rating and issued a $212.00 target price (down previously from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Morgan Stanley cut their target price on Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Citigroup reaffirmed a "buy" rating on shares of Amazon.com in a report on Monday, June 2nd. Bank of America upped their price target on shares of Amazon.com from $230.00 to $248.00 and gave the stock a "buy" rating in a research report on Monday, June 2nd. Finally, Needham & Company LLC reissued a "buy" rating and issued a $220.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $245.81.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AMZN. Cable Hill Partners LLC increased its stake in Amazon.com by 0.5% in the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock worth $2,104,000 after purchasing an additional 44 shares in the last quarter. Northern Capital Management Inc. boosted its position in Amazon.com by 0.6% during the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock valued at $1,613,000 after purchasing an additional 45 shares during the last quarter. White Wing Wealth Management lifted its stake in Amazon.com by 2.4% in the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock valued at $433,000 after acquiring an additional 47 shares during the last quarter. Balanced Wealth Group LLC raised its holdings in Amazon.com by 1.6% during the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock valued at $705,000 after buying an additional 48 shares in the last quarter. Finally, ETF Store Inc. lifted its holdings in Amazon.com by 2.1% in the 4th quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock worth $522,000 after purchasing an additional 48 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.