Amazon.com (NASDAQ:AMZN) Trading Down 1.4% on Insider Selling

Key Points

• Amazon.com shares fell by 1.4% due to insider selling, with CEO Douglas J. Herrington selling 2,500 shares valued at $558,725.
• Despite the drop, Amazon maintains a consensus target price of $262.87, with most analysts rating it as a "Buy".
• The company reported $1.68 EPS in its recent quarterly earnings, exceeding analyst expectations significantly.

Amazon.com, Inc. (NASDAQ:AMZN) shares dropped 1.4% on Friday following insider selling activity. The company traded as low as $233.15 and last traded at $232.35. Approximately 12,048,657 shares changed hands during trading, a decline of 72% from the average daily volume of 43,755,543 shares. The stock had previously closed at $235.68.

Specifically, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $223.49, for a total value of $558,725.00. Following the completion of the transaction, the chief executive officer owned 518,007 shares in the company, valued at approximately $115,769,384.43. This represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Zacks Research lowered shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $280.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Morgan Stanley reissued an "overweight" rating and set a $300.00 target price on shares of Amazon.com in a report on Thursday, August 14th. Susquehanna increased their price target on shares of Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a research report on Friday, August 1st. Finally, Royal Bank Of Canada raised their target price on Amazon.com from $230.00 to $240.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Amazon.com currently has an average rating of "Buy" and a consensus target price of $262.87.

Amazon.com Stock Down 1.0%

The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock has a 50-day moving average of $225.56 and a 200 day moving average of $208.09. The company has a market capitalization of $2.49 trillion, a PE ratio of 35.51, a P/E/G ratio of 1.52 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company's revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Hedge Funds Weigh In On Amazon.com

A number of large investors have recently made changes to their positions in the business. Barlow Wealth Partners Inc. boosted its position in Amazon.com by 0.4% during the second quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant's stock valued at $2,763,000 after buying an additional 44 shares during the period. Ridgecrest Wealth Partners LLC grew its position in Amazon.com by 0.5% in the second quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant's stock worth $1,843,000 after acquiring an additional 45 shares in the last quarter. Probity Advisors Inc. lifted its stake in Amazon.com by 0.4% in the second quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant's stock worth $2,667,000 after purchasing an additional 45 shares during the last quarter. Union Savings Bank increased its holdings in Amazon.com by 0.4% during the second quarter. Union Savings Bank now owns 10,723 shares of the e-commerce giant's stock valued at $2,510,000 after buying an additional 45 shares during the period. Finally, Doheny Asset Management CA grew its holdings in Amazon.com by 0.3% in the second quarter. Doheny Asset Management CA now owns 17,821 shares of the e-commerce giant's stock worth $3,910,000 after purchasing an additional 45 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

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.

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