Amazon.com (NASDAQ:AMZN) Trading Down 2.5% on Insider Selling

Key Points

• Amazon's share price declined by 2.5% amid insider selling, with CEO Douglas J. Herrington selling 4,784 shares for a total of approximately $1.1 million.
• Despite the recent stock decline, analysts maintain a consensus Buy rating for Amazon, with several raising their target prices, including Susquehanna increasing theirs from $225.00 to $260.00.
• Amazon's recent earnings report revealed a strong performance with $1.68 EPS, exceeding analyst expectations, and a year-over-year revenue increase of 13.3%.

Amazon.com, Inc. (NASDAQ:AMZN) shares were down 2.5% during mid-day trading on Wednesday after an insider sold shares in the company. The company traded as low as $221.39 and last traded at $222.20. Approximately 11,651,958 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 44,503,082 shares. The stock had previously closed at $228.01.

Specifically, CEO Douglas J. Herrington sold 4,784 shares of the company's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $232.32, for a total value of $1,111,418.88. Following the sale, the chief executive officer owned 510,255 shares in the company, valued at $118,542,441.60. This represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AMZN. Cantor Fitzgerald lifted their price target on Amazon.com from $260.00 to $280.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Piper Sandler lifted their price target on Amazon.com from $250.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Wedbush boosted their target price on shares of Amazon.com from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Citizens Jmp initiated coverage on shares of Amazon.com in a research note on Thursday, July 10th. They issued a "strong-buy" rating for the company. Finally, Rosenblatt Securities boosted their target price on shares of Amazon.com from $288.00 to $297.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $262.87.

Amazon.com Stock Up 3.1%

The company has a market cap of $2.44 trillion, a price-to-earnings ratio of 34.88, a PEG ratio of 1.49 and a beta of 1.31. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The business has a fifty day moving average of $222.30 and a two-hundred day moving average of $208.35.

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

Institutional Investors Weigh In On Amazon.com

Several large investors have recently bought and sold shares of the company. Barlow Wealth Partners Inc. raised its stake in shares of Amazon.com by 0.4% in 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 acquiring an additional 44 shares in the last quarter. Ridgecrest Wealth Partners LLC raised its stake in shares of 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 valued at $1,843,000 after acquiring an additional 45 shares in the last quarter. Probity Advisors Inc. raised its stake in shares of Amazon.com by 0.4% in the second quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant's stock valued at $2,667,000 after acquiring an additional 45 shares in the last quarter. Union Savings Bank raised its stake in shares of Amazon.com by 0.4% in the second quarter. Union Savings Bank now owns 10,723 shares of the e-commerce giant's stock valued at $2,510,000 after acquiring an additional 45 shares in the last quarter. Finally, Doheny Asset Management CA raised its stake in shares of 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 valued at $3,910,000 after acquiring an additional 45 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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.