Amazon.com, Inc. (NASDAQ:AMZN) Insider Jeffrey P. Bezos Sells 101,081 Shares

Amazon.com, Inc. (NASDAQ:AMZN) insider Jeffrey P. Bezos sold 101,081 shares of the business's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $223.88, for a total value of $22,630,014.28. Following the completion of the sale, the insider owned 902,379,449 shares of the company's stock, valued at approximately $202,024,711,042.12. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Amazon.com Trading Up 1.2%

NASDAQ AMZN traded up $2.76 on Friday, reaching $225.02. The company had a trading volume of 50,481,094 shares, compared to its average volume of 42,135,277. The firm has a market cap of $2.39 trillion, a price-to-earnings ratio of 36.65, a P/E/G ratio of 1.69 and a beta of 1.33. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The business has a 50 day moving average of $209.90 and a two-hundred day moving average of $208.49. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share 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 firm 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 business posted $0.98 EPS. The business's revenue was up 8.6% compared to the same quarter last year. Analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Ratings Changes

AMZN has been the subject of several recent research reports. Telsey Advisory Group reiterated an "outperform" rating and issued a $235.00 price target on shares of Amazon.com in a research note on Thursday. Westpark Capital reiterated a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Rosenblatt Securities boosted their price target on Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Wall Street Zen cut Amazon.com from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Finally, JMP Securities upped their target price on Amazon.com from $250.00 to $285.00 and gave the stock a "market outperform" rating in a research note on Thursday. Three analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and an average price target of $249.42.

Institutional Trading of Amazon.com

Large investors have recently bought and sold shares of the business. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com during the 4th quarter worth about $27,000. Carderock Capital Management Inc. bought a new position in shares of Amazon.com during the 2nd quarter worth about $27,000. LSV Asset Management bought a new position in shares of Amazon.com during the 4th quarter worth about $35,000. Perritt Capital Management Inc boosted its position in shares of Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares in the last quarter. Finally, Cooksen Wealth LLC bought a new position in shares of Amazon.com during the 1st quarter worth about $36,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.