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

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 stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at $24,050,626.20. The trade was a 2.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded up $5.03 during trading hours on Tuesday, reaching $206.02. The stock had a trading volume of 34,776,251 shares, compared to its average volume of 41,992,480. The business's fifty day moving average is $190.38 and its two-hundred day moving average is $208.73. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company has a market cap of $2.19 trillion, a price-to-earnings ratio of 37.25, a PEG ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced 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 return on equity of 24.25% and a net margin of 9.29%. The firm had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. During the same period in the prior year, the business posted $0.98 earnings per share. The business's revenue was up 8.6% compared to the same quarter last year. As a group, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AMZN shares. The Goldman Sachs Group lowered their price target on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Evercore ISI cut their price target on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Rosenblatt Securities upped their target price on shares of Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Loop Capital upped their target price on shares of Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Finally, Phillip Securities lowered shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, February 10th. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $244.09.

Institutional Trading of Amazon.com

A number of large investors have recently bought and sold shares of AMZN. Momentous Wealth Management Inc. bought a new position in shares of Amazon.com in the fourth quarter worth about $749,000. Segall Bryant & Hamill LLC raised its position in shares of Amazon.com by 14.3% during the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after purchasing an additional 39,696 shares during the period. Evergreen Capital Management LLC raised its position in shares of Amazon.com by 0.5% during the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock worth $53,213,000 after purchasing an additional 1,198 shares during the period. Bearing Point Capital LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth about $12,014,000. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Amazon.com by 173.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock worth $759,434,000 after purchasing an additional 2,196,353 shares during the period. 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.