Insider Selling: Amazon.com, Inc. (NASDAQ:AMZN) Insider Sells 2,046,582 Shares of Stock

Amazon.com, Inc. (NASDAQ:AMZN) insider Jeffrey P. Bezos sold 2,046,582 shares of Amazon.com stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $223.92, for a total value of $458,270,641.44. Following the completion of the transaction, the insider owned 902,480,530 shares of the company's stock, valued at $202,083,440,277.60. This trade represents a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Amazon.com Price Performance

Shares of AMZN stock traded down $4.11 during mid-day trading on Tuesday, reaching $219.36. The company's stock had a trading volume of 45,579,231 shares, compared to its average volume of 42,024,664. The firm's 50-day moving average is $207.16 and its two-hundred day moving average is $208.51. The company has a market cap of $2.33 trillion, a P/E ratio of 35.73, a PEG ratio of 1.68 and a beta of 1.33. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same period last year, the business earned $0.98 earnings per share. The business's revenue was up 8.6% on a year-over-year basis. On average, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Needham & Company LLC reiterated a "buy" rating and issued a $220.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Moffett Nathanson lifted their price objective on shares of Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. Tigress Financial boosted their target price on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Jefferies Financial Group reduced their price target on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Finally, Wall Street Zen downgraded shares of Amazon.com from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $246.41.

Institutional Trading of Amazon.com

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMZN. Strategic Advocates LLC increased its holdings in Amazon.com by 5.5% during the 2nd quarter. Strategic Advocates LLC now owns 22,946 shares of the e-commerce giant's stock worth $5,034,000 after purchasing an additional 1,206 shares in the last quarter. Lpwm LLC grew its holdings in shares of Amazon.com by 1.8% during the second quarter. Lpwm LLC now owns 6,679 shares of the e-commerce giant's stock worth $1,465,000 after buying an additional 117 shares in the last quarter. Little House Capital LLC grew its holdings in shares of Amazon.com by 6.8% during the second quarter. Little House Capital LLC now owns 64,376 shares of the e-commerce giant's stock worth $14,123,000 after buying an additional 4,109 shares in the last quarter. Henrickson Nauta Wealth Advisors Inc. acquired a new stake in Amazon.com in the 2nd quarter valued at approximately $279,000. Finally, First National Corp MA ADV lifted its stake in Amazon.com by 3.7% in the 2nd quarter. First National Corp MA ADV now owns 16,615 shares of the e-commerce giant's stock valued at $3,645,000 after acquiring an additional 586 shares in the last quarter. 72.20% of the stock is currently 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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