Jeffrey P. Bezos Sells 384,124 Shares of Amazon.com, Inc. (NASDAQ:AMZN) Stock

Amazon.com, Inc. (NASDAQ:AMZN) insider Jeffrey P. Bezos sold 384,124 shares of the stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $224.02, for a total value of $86,051,458.48. Following the sale, the insider owned 901,995,325 shares in the company, valued at approximately $202,064,992,706.50. This represents a 0.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Amazon.com Trading Down 0.1%

Shares of NASDAQ AMZN traded down $0.28 during mid-day trading on Thursday, reaching $222.26. The company had a trading volume of 29,685,469 shares, compared to its average volume of 42,027,080. The stock has a market cap of $2.36 trillion, a price-to-earnings ratio of 36.20, a price-to-earnings-growth ratio of 1.65 and a beta of 1.33. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The business's 50-day moving average is $208.56 and its 200-day moving average is $208.68. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17.

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AMZN. Needham & Company LLC reiterated a "buy" rating and set a $220.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Tigress Financial increased their price target on shares of Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Roth Capital set a $250.00 target price on shares of Amazon.com and gave the stock a "buy" rating in a research note on Tuesday. UBS Group reissued a "buy" rating on shares of Amazon.com in a report on Tuesday, May 6th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $212.00 price objective (down previously from $215.00) on shares of Amazon.com in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $247.12.

Institutional Investors Weigh In On Amazon.com

Institutional investors and hedge funds have recently bought and sold shares of the company. Castlekeep Investment Advisors LLC purchased a new stake in shares of Amazon.com during the fourth quarter valued at about $25,000. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com during the fourth quarter valued at approximately $27,000. Carderock Capital Management Inc. acquired a new stake in Amazon.com in the second quarter valued at approximately $27,000. LSV Asset Management acquired a new position in shares of Amazon.com during the fourth quarter worth $35,000. Finally, Cooksen Wealth LLC purchased a new stake in shares of Amazon.com during the 1st quarter valued at $36,000. 72.20% of the stock is 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.

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