Amazon.com, Inc. (NASDAQ:AMZN) VP Shelley Reynolds Sells 2,695 Shares

Amazon.com, Inc. (NASDAQ:AMZN) VP Shelley Reynolds sold 2,695 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at $24,050,626.20. This represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Amazon.com Price Performance

Shares of AMZN stock traded down $2.11 during midday trading on Friday, reaching $200.99. 33,340,050 shares of the company were exchanged, compared to its average volume of 41,929,775. The company has a market cap of $2.13 trillion, a P/E ratio of 36.35, a PEG ratio of 1.50 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company's 50 day moving average price is $189.89 and its two-hundred day moving average price is $208.79.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 EPS. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Hedge Funds Weigh In On Amazon.com

A number of hedge funds have recently modified their holdings of AMZN. Triune Financial Partners LLC lifted its holdings in shares of Amazon.com by 22.8% during the first quarter. Triune Financial Partners LLC now owns 1,567 shares of the e-commerce giant's stock valued at $298,000 after purchasing an additional 291 shares during the last quarter. Siren L.L.C. raised its holdings in Amazon.com by 54.8% during the 1st quarter. Siren L.L.C. now owns 56,500 shares of the e-commerce giant's stock worth $10,750,000 after buying an additional 20,000 shares during the period. Mattson Financial Services LLC lifted its stake in Amazon.com by 16.3% during the first quarter. Mattson Financial Services LLC now owns 53,312 shares of the e-commerce giant's stock valued at $10,143,000 after buying an additional 7,471 shares in the last quarter. BOS Asset Management LLC boosted its holdings in shares of Amazon.com by 5.5% in the first quarter. BOS Asset Management LLC now owns 5,707 shares of the e-commerce giant's stock worth $1,086,000 after buying an additional 300 shares during the period. Finally, Chelsea Counsel Co. increased its position in shares of Amazon.com by 9.2% in the first quarter. Chelsea Counsel Co. now owns 11,883 shares of the e-commerce giant's stock worth $2,261,000 after acquiring an additional 1,000 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AMZN shares. Wells Fargo & Company cut their target price on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 25th. Loop Capital upped their price objective on Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Cantor Fitzgerald lifted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Evercore ISI lowered their target price on Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Finally, Truist Financial cut their price objective on shares of Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and an average price target of $244.09.

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.