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 stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $223.88, for a total transaction of $22,630,014.28. Following the completion of the transaction, the insider directly owned 902,379,449 shares of the company's stock, valued at approximately $202,024,711,042.12. The trade was a 0.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Amazon.com Stock Up 1.2%

Shares of NASDAQ AMZN traded up $2.76 during mid-day trading on Friday, reaching $225.02. 50,481,094 shares of the company's stock traded hands, compared to its average volume of 42,089,069. The stock has a market cap of $2.39 trillion, a P/E ratio of 36.65, a PEG ratio of 1.67 and a beta of 1.33. The business has a 50-day simple moving average of $209.90 and a 200 day simple moving average of $208.63. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. 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 released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period last year, the firm earned $0.98 earnings per share. The firm's revenue was up 8.6% on a year-over-year basis. On average, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AMZN. Morgan Stanley increased their price objective on shares of Amazon.com from $250.00 to $300.00 and gave the company an "overweight" rating in a research note on Thursday. UBS Group reaffirmed a "buy" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Citigroup reaffirmed a "market outperform" rating on shares of Amazon.com in a research note on Thursday. Wall Street Zen downgraded shares of Amazon.com from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $240.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday. Three analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $249.42.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AMZN. Kingstone Capital Partners Texas LLC lifted its position in shares of Amazon.com by 542,733.6% during the second quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant's stock valued at $29,100,194,000 after purchasing an additional 132,616,953 shares in the last quarter. Norges Bank bought a new position in shares of Amazon.com during the fourth quarter valued at about $27,266,582,000. Nuveen LLC bought a new stake in Amazon.com in the first quarter worth about $11,674,091,000. GAMMA Investing LLC boosted its stake in Amazon.com by 21,420.5% in the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after acquiring an additional 30,104,520 shares during the last quarter. Finally, Capital World Investors boosted its stake in Amazon.com by 36.8% in the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after acquiring an additional 17,681,004 shares during the last quarter. 72.20% of the stock is 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.