Amazon.com (NASDAQ:AMZN) Stock Price Down 1.3% After Insider Selling

Shares of Amazon.com, Inc. (NASDAQ:AMZN) traded down 1.3% on Tuesday after an insider sold shares in the company. The stock traded as low as $218.43 and last traded at $220.54. 16,947,547 shares were traded during mid-day trading, a decline of 60% from the average session volume of 41,918,526 shares. The stock had previously closed at $223.47.

Specifically, insider Jeffrey P. Bezos sold 2,046,582 shares of Amazon.com stock in a transaction on Monday, July 7th. The shares were sold at an average price of $223.92, for a total transaction of $458,270,641.44. Following the transaction, the insider directly owned 902,480,530 shares of the company's stock, valued at $202,083,440,277.60. The trade was a 0.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 927,863 shares of Amazon.com stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $223.73, for a total transaction of $207,590,788.99. Following the transaction, the insider directly owned 904,527,112 shares in the company, valued at $202,369,850,767.76. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total transaction of $550,150.00. Following the transaction, the chief executive officer directly owned 514,550 shares of the company's stock, valued at $113,231,873. The trade was a 0.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AMZN shares. Roth Capital set a $250.00 price objective on shares of Amazon.com and gave the stock a "buy" rating in a report on Tuesday. Mizuho lowered their target price on Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. BNP Paribas upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Jefferies Financial Group lowered their target price on Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, Tigress Financial lifted their target price on Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Three research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and a consensus target price of $249.42.

Amazon.com Stock Performance

The firm has a market cap of $2.39 trillion, a PE ratio of 36.71, a price-to-earnings-growth ratio of 1.67 and a beta of 1.33. The company has a 50 day simple moving average of $209.20 and a 200-day simple moving average of $208.66. 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 earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.98 earnings per share. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Institutional Trading of Amazon.com

A number of institutional investors have recently made changes to their positions in AMZN. Cable Hill Partners LLC raised its holdings in shares of Amazon.com by 0.5% during the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock valued at $2,104,000 after acquiring an additional 44 shares in the last quarter. Northern Capital Management Inc. raised its holdings in shares of 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 acquiring an additional 45 shares in the last quarter. White Wing Wealth Management raised its holdings in shares of Amazon.com by 2.4% during 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 in the last quarter. Balanced Wealth Group LLC raised its holdings in shares of 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 acquiring an additional 48 shares in the last quarter. Finally, ETF Store Inc. raised its holdings in shares of Amazon.com by 2.1% during the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock valued at $522,000 after acquiring an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

About Amazon.com

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.